BMO Capital Markets Issues Positive Forecast for Dollar Tree (NASDAQ:DLTR) Stock Price

Dollar Tree (NASDAQ:DLTR - Get Free Report) had its price target lifted by equities researchers at BMO Capital Markets from $80.00 to $85.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a "market perform" rating on the stock. BMO Capital Markets' price objective would suggest a potential downside of 12.07% from the stock's current price.

Several other equities analysts have also issued reports on DLTR. Truist Financial increased their target price on Dollar Tree from $89.00 to $100.00 and gave the stock a "buy" rating in a research note on Monday. Sanford C. Bernstein set a $82.00 price objective on shares of Dollar Tree and gave the company a "market perform" rating in a research note on Monday, May 5th. JPMorgan Chase & Co. upgraded shares of Dollar Tree from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $72.00 to $111.00 in a report on Thursday. Wells Fargo & Company boosted their price objective on Dollar Tree from $90.00 to $105.00 and gave the stock an "overweight" rating in a research report on Monday. Finally, Cfra Research raised shares of Dollar Tree to a "hold" rating in a report on Wednesday, May 28th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $90.26.

Dollar Tree Trading Up 9.1%

DLTR stock traded up $8.05 during mid-day trading on Thursday, hitting $96.67. 11,800,696 shares of the company were exchanged, compared to its average volume of 4,186,588. 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 firm has a market capitalization of $20.79 billion, a P/E ratio of -20.27, a PEG ratio of 2.16 and a beta of 0.84. The business has a fifty day simple moving average of $82.10 and a 200-day simple moving average of $75.13. Dollar Tree has a 12-month low of $60.49 and a 12-month high of $115.87.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last posted its quarterly earnings data 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. The firm had revenue of $4.64 billion during the quarter, compared to analysts' expectations of $4.52 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The firm's quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the company posted $1.43 EPS. On average, equities research analysts predict that Dollar Tree will post 5.39 earnings per share for the current fiscal year.

Insider Activity at Dollar Tree

In related news, Director William W. Douglas III purchased 701 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The stock was purchased at an average cost of $75.00 per share, with a total value of $52,575.00. Following the completion of the acquisition, the director now directly owns 1,377 shares in the company, valued at $103,275. This trade represents a 103.70% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 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 transaction of $92,478.60. Following the completion of the transaction, the chief accounting officer now directly owns 4,231 shares in the company, valued at $316,055.70. This represents a 22.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Blue Trust Inc. lifted its holdings in Dollar Tree by 47.8% in the fourth quarter. Blue Trust Inc. now owns 1,429 shares of the company's stock valued at $100,000 after acquiring an additional 462 shares during the period. Caprock Group LLC acquired a new stake in Dollar Tree in the fourth quarter valued at $382,000. E. Ohman J or Asset Management AB lifted its holdings in Dollar Tree by 24.4% in the fourth quarter. E. Ohman J or Asset Management AB now owns 10,700 shares of the company's stock valued at $802,000 after acquiring an additional 2,100 shares during the period. Kercheville Advisors LLC acquired a new stake in Dollar Tree in the fourth quarter valued at $300,000. Finally, Strategic Financial Concepts LLC acquired a new stake in Dollar Tree in the fourth quarter valued at $1,280,000. 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.