Dollar Tree, Inc. (NASDAQ:DLTR) Given Consensus Rating of "Hold" by Brokerages

Shares of Dollar Tree, Inc. (NASDAQ:DLTR - Get Free Report) have earned a consensus rating of "Hold" from the twenty-one ratings firms that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $90.26.

A number of research firms recently weighed in on DLTR. Guggenheim reaffirmed a "buy" rating and issued a $100.00 target price on shares of Dollar Tree in a research report on Thursday, June 5th. UBS Group raised their price objective on Dollar Tree from $95.00 to $108.00 and gave the company a "buy" rating in a report on Thursday, May 29th. Citigroup raised Dollar Tree from a "neutral" rating to a "buy" rating and lifted their target price for the company from $76.00 to $103.00 in a research report on Monday, April 7th. Evercore ISI increased their price target on Dollar Tree from $86.00 to $92.00 and gave the company an "in-line" rating in a research report on Thursday, June 5th. Finally, Piper Sandler raised their price target on Dollar Tree from $72.00 to $93.00 and gave the company a "neutral" rating in a research note on Thursday, June 5th.

Dollar Tree Stock Down 0.8%

NASDAQ:DLTR opened at $97.53 on Thursday. The stock has a 50-day simple moving average of $86.43 and a 200 day simple moving average of $76.84. Dollar Tree has a 52-week low of $60.49 and a 52-week high of $109.36. The company has a market cap of $20.35 billion, a PE ratio of -7.04, a PEG ratio of 2.74 and a beta of 0.84. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.72 and a current ratio of 1.04.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last released its quarterly earnings results on Wednesday, June 4th. The company reported $1.26 earnings per share for the quarter, topping analysts' consensus estimates of $1.21 by $0.05. Dollar Tree had a positive return on equity of 19.36% and a negative net margin of 12.15%. The firm had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.52 billion. During the same quarter in the prior year, the firm posted $1.43 EPS. The business's revenue was up 11.3% on a year-over-year basis. On average, sell-side analysts expect that Dollar Tree will post 5.39 EPS for the current fiscal year.

Insider Buying and Selling at Dollar Tree

In other news, Director William W. Douglas III purchased 701 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The stock was acquired at an average cost of $75.00 per share, with a total value of $52,575.00. Following the acquisition, the director now owns 1,377 shares in the company, valued at approximately $103,275. This trade represents a 103.70% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Aditya Maheshwari sold 1,238 shares of the business's stock in a transaction on Monday, April 14th. The shares were sold at an average price of $74.70, for a total value of $92,478.60. Following the completion of the sale, the chief accounting officer now owns 4,231 shares of the company's stock, valued at $316,055.70. This trade represents a 22.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,441 shares of company stock valued at $2,095,333 in the last quarter. 6.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Dollar Tree

A number of hedge funds and other institutional investors have recently modified their holdings of DLTR. Assetmark Inc. boosted its stake in shares of Dollar Tree by 74.1% in the fourth quarter. Assetmark Inc. now owns 350 shares of the company's stock valued at $26,000 after buying an additional 149 shares during the period. Bessemer Group Inc. raised its holdings in Dollar Tree by 34,600.0% in the 4th quarter. Bessemer Group Inc. now owns 347 shares of the company's stock valued at $26,000 after acquiring an additional 346 shares in the last quarter. Brooklyn Investment Group raised its holdings in Dollar Tree by 79.0% in the 1st quarter. Brooklyn Investment Group now owns 358 shares of the company's stock valued at $27,000 after acquiring an additional 158 shares in the last quarter. Zions Bancorporation National Association UT bought a new stake in shares of Dollar Tree during the 1st quarter valued at $30,000. Finally, Parkside Financial Bank & Trust grew its holdings in shares of Dollar Tree by 120.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 424 shares of the company's stock worth $32,000 after purchasing an additional 232 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company's stock.

Dollar Tree Company Profile

Dollar Tree, Inc operates retail discount stores. The company operates in two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $ 1.25. It provides consumable merchandise, which includes everyday consumables, such as household paper and chemicals, food, candy, health, personal care products, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, arts and crafts supplies, and other items; and seasonal goods that include Christmas, Easter, Halloween, and Valentine's Day merchandise.

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