Dollar Tree (NASDAQ:DLTR) Price Target Raised to $100.00 at Truist Financial

Dollar Tree (NASDAQ:DLTR - Get Free Report) had its price target increased by investment analysts at Truist Financial from $89.00 to $100.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a "buy" rating on the stock. Truist Financial's price target indicates a potential upside of 3.39% from the company's current price.

A number of other equities research analysts have also commented on the stock. Loop Capital reissued a "hold" rating on shares of Dollar Tree in a report on Thursday, March 27th. Telsey Advisory Group raised their price target on shares of Dollar Tree from $82.00 to $95.00 and gave the stock a "market perform" rating in a research note on Tuesday, May 27th. Bank of America decreased their target price on shares of Dollar Tree from $75.00 to $70.00 and set an "underperform" rating for the company in a research note on Tuesday, April 8th. Guggenheim reaffirmed a "buy" rating and set a $100.00 price objective (up from $95.00) on shares of Dollar Tree in a research report on Monday, May 5th. Finally, UBS Group boosted their price target on Dollar Tree from $95.00 to $108.00 and gave the company a "buy" rating in a research note on Thursday, May 29th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $85.42.

Dollar Tree Price Performance

Shares of DLTR stock traded up $5.48 during mid-day trading on Monday, reaching $96.72. The company's stock had a trading volume of 9,009,163 shares, compared to its average volume of 4,126,017. Dollar Tree has a 1-year low of $60.49 and a 1-year high of $121.92. The company has a market cap of $20.80 billion, a P/E ratio of -20.28, a PEG ratio of 2.16 and a beta of 0.84. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. The firm's 50-day moving average is $80.95 and its two-hundred day moving average is $74.67.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $5 billion during the quarter, compared to analyst estimates of $8.23 billion. During the same quarter in the prior year, the company posted $2.55 EPS. The company's quarterly revenue was up .7% compared to the same quarter last year. On average, research analysts predict that Dollar Tree will post 5.39 earnings per share for the current year.

Insiders Place Their Bets

In other news, CAO Aditya Maheshwari sold 1,238 shares of the company'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 in the company, valued at $316,055.70. This represents a 22.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director William W. Douglas III purchased 701 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The stock was bought at an average cost of $75.00 per share, for a total transaction 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. The trade was 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.

Hedge Funds Weigh In On Dollar Tree

A number of hedge funds and other institutional investors have recently made changes to their positions in DLTR. Blue Trust Inc. lifted its holdings in Dollar Tree by 47.8% during the fourth quarter. Blue Trust Inc. now owns 1,429 shares of the company's stock valued at $100,000 after purchasing an additional 462 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of Dollar Tree by 26.1% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 22,524 shares of the company's stock valued at $1,688,000 after buying an additional 4,662 shares during the period. Caprock Group LLC bought a new stake in shares of Dollar Tree during the fourth quarter valued at about $382,000. Tokio Marine Asset Management Co. Ltd. increased its position in shares of Dollar Tree by 19.0% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,235 shares of the company's stock valued at $542,000 after buying an additional 1,157 shares during the period. Finally, HHM Wealth Advisors LLC bought a new stake in shares of Dollar Tree during the fourth quarter valued at about $61,000. 97.40% of the stock is owned by hedge funds and other institutional investors.

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.