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

Dollar Tree (NASDAQ:DLTR - Get Free Report) had its price objective raised by analysts at Telsey Advisory Group from $82.00 to $95.00 in a research note issued to investors on Tuesday, MarketBeat reports. The firm currently has a "market perform" rating on the stock. Telsey Advisory Group's target price points to a potential upside of 4.88% from the company's current price.

A number of other research analysts have also issued reports on DLTR. Truist Financial boosted their price objective on Dollar Tree from $84.00 to $89.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Citigroup raised Dollar Tree from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $76.00 to $103.00 in a report on Monday, April 7th. Guggenheim reissued a "buy" rating and set a $100.00 price objective (up from $95.00) on shares of Dollar Tree in a research note on Monday, May 5th. UBS Group reduced their price objective on Dollar Tree from $105.00 to $95.00 and set a "buy" rating for the company in a research note on Friday, March 21st. Finally, Bank of America decreased their target price on Dollar Tree from $75.00 to $70.00 and set an "underperform" rating for the company in a research report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $84.05.

Dollar Tree Trading Up 1.4%

Shares of DLTR stock traded up $1.24 during mid-day trading on Tuesday, hitting $90.58. 2,902,368 shares of the company's stock were exchanged, compared to its average volume of 4,092,681. Dollar Tree has a fifty-two week low of $60.49 and a fifty-two week high of $121.92. The stock has a 50-day simple moving average of $79.63 and a two-hundred day simple moving average of $73.96. 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 stock has a market cap of $19.48 billion, a price-to-earnings ratio of -18.99, a PEG ratio of 2.16 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last posted its quarterly earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.20 by ($0.09). Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The firm had revenue of $5 billion for the quarter, compared to analysts' expectations of $8.23 billion. During the same period last year, the firm posted $2.55 EPS. Dollar Tree's revenue was up .7% on a year-over-year basis. Equities analysts expect that Dollar Tree will post 5.39 EPS for the current fiscal year.

Insider Activity

In other Dollar Tree news, 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 sale, the chief accounting officer now owns 4,231 shares of the company's stock, valued at $316,055.70. The trade was a 22.64% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director William W. Douglas III acquired 701 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was bought at an average price of $75.00 per share, for a total transaction of $52,575.00. Following the completion of the purchase, 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 disclosure for this purchase can be found here. 6.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

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

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.