UBS Group Forecasts Strong Price Appreciation for Dollar Tree (NASDAQ:DLTR) Stock

Dollar Tree (NASDAQ:DLTR - Free Report) had its price objective increased by UBS Group from $95.00 to $108.00 in a research note published on Thursday,Benzinga reports. UBS Group currently has a buy rating on the stock.

Other analysts also recently issued research reports about the company. Loop Capital reissued a "hold" rating on shares of Dollar Tree in a research note on Thursday, March 27th. JPMorgan Chase & Co. dropped their price target on Dollar Tree from $88.00 to $78.00 and set a "neutral" rating on the stock in a research note on Thursday, March 27th. Citigroup raised Dollar Tree from a "neutral" rating to a "buy" rating and lifted their price target for the company from $76.00 to $103.00 in a research note on Monday, April 7th. Truist Financial lifted their price target on Dollar Tree from $84.00 to $89.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Finally, Guggenheim reissued a "buy" rating and issued a $100.00 price target (up previously from $95.00) on shares of Dollar Tree in a research note on Monday, May 5th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $84.05.

Dollar Tree Trading Up 0.1%

Dollar Tree stock traded up $0.05 during mid-day trading on Thursday, hitting $90.63. 4,683,066 shares of the company's stock were exchanged, compared to its average volume of 4,098,405. The firm has a market capitalization of $19.49 billion, a P/E ratio of -19.00, a PEG ratio of 2.16 and a beta of 0.87. Dollar Tree has a fifty-two week low of $60.49 and a fifty-two week high of $121.92. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. The company's 50 day simple moving average is $80.51 and its 200-day simple moving average is $74.36.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its quarterly earnings data on Wednesday, March 26th. The company reported $2.11 EPS for the quarter, missing the consensus estimate of $2.20 by ($0.09). The business had revenue of $5 billion for the quarter, compared to analyst estimates of $8.23 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The business's quarterly revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the business posted $2.55 EPS. On average, equities analysts anticipate that Dollar Tree will post 5.39 earnings per share for the current year.

Insider Buying and Selling

In related news, CAO Aditya Maheshwari sold 1,238 shares of Dollar Tree stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $74.70, for a total transaction of $92,478.60. Following the completion of the transaction, the chief accounting officer now owns 4,231 shares in the company, valued at approximately $316,055.70. This trade represents a 22.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director William W. Douglas III purchased 701 shares of Dollar Tree stock in a transaction that occurred on Wednesday, April 2nd. The shares were acquired at an average price of $75.00 per share, with a total value of $52,575.00. Following the acquisition, the director now directly owns 1,377 shares of the company's stock, valued at $103,275. This trade represents a 103.70% increase in their position. The disclosure for this purchase can be found here. 6.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Dollar Tree

Several hedge funds have recently bought and sold shares of the stock. Horizon Investments LLC lifted its position in Dollar Tree by 5.1% during the first quarter. Horizon Investments LLC now owns 2,905 shares of the company's stock worth $218,000 after acquiring an additional 140 shares during the last quarter. Assetmark Inc. raised its position 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 in the last quarter. Deseret Mutual Benefit Administrators raised its position in shares of Dollar Tree by 20.9% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 907 shares of the company's stock valued at $68,000 after buying an additional 157 shares in the last quarter. Brooklyn Investment Group raised its position in shares of Dollar Tree by 79.0% in the first quarter. Brooklyn Investment Group now owns 358 shares of the company's stock valued at $27,000 after buying an additional 158 shares in the last quarter. Finally, Private Trust Co. NA raised its position in shares of Dollar Tree by 11.6% in the first quarter. Private Trust Co. NA now owns 1,527 shares of the company's stock valued at $115,000 after buying an additional 159 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

About Dollar Tree

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.