Guggenheim Reiterates "Buy" Rating for Dollar Tree (NASDAQ:DLTR)

Dollar Tree (NASDAQ:DLTR - Get Free Report)'s stock had its "buy" rating reissued by analysts at Guggenheim in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $100.00 price objective on the stock. Guggenheim's price target suggests a potential upside of 3.44% from the stock's current price.

DLTR has been the topic of a number of other research reports. BMO Capital Markets boosted their price objective on Dollar Tree from $80.00 to $85.00 and gave the stock a "market perform" rating in a research note on Thursday. UBS Group boosted their price objective on Dollar Tree from $95.00 to $108.00 and gave the stock a "buy" rating in a research note on Thursday, May 29th. Loop Capital reissued a "hold" rating on shares of Dollar Tree in a research note on Thursday, March 27th. Evercore ISI boosted their price objective on Dollar Tree from $86.00 to $92.00 and gave the stock an "in-line" rating in a research note on Thursday. Finally, Truist Financial upped their price target on Dollar Tree from $89.00 to $100.00 and gave the company a "buy" rating in a research note on Monday. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, Dollar Tree currently has a consensus rating of "Hold" and a consensus price target of $90.26.

Dollar Tree Price Performance

NASDAQ:DLTR traded up $8.05 during trading hours on Thursday, reaching $96.67. The company had a trading volume of 11,800,696 shares, compared to its average volume of 4,186,588. The stock has a 50-day moving average of $82.10 and a two-hundred day moving average of $75.13. Dollar Tree has a one year low of $60.49 and a one year high of $115.87. The firm has a market capitalization of $20.79 billion, a PE ratio of -20.27, a PEG ratio of 2.16 and a beta of 0.84. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its quarterly earnings results on Wednesday, June 4th. The company reported $1.26 earnings per share for the quarter, beating analysts' consensus estimates of $1.21 by $0.05. The firm had revenue of $4.64 billion for the quarter, compared to analysts' expectations of $4.52 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The business's revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.43 earnings per share. Analysts forecast 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 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 transaction, the chief accounting officer now owns 4,231 shares in the company, valued at $316,055.70. The trade was a 22.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director William W. Douglas III acquired 701 shares of the business's stock in a transaction dated Wednesday, April 2nd. The shares were acquired at an average price of $75.00 per share, for a total transaction of $52,575.00. Following the acquisition, the director now directly owns 1,377 shares in the company, valued at $103,275. This represents a 103.70% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 6.60% of the company's stock.

Hedge Funds Weigh In On Dollar Tree

Institutional investors have recently modified their holdings of the business. Blue Trust Inc. raised its position in Dollar Tree by 47.8% in the 4th quarter. Blue Trust Inc. now owns 1,429 shares of the company's stock valued at $100,000 after buying an additional 462 shares during the last quarter. Caprock Group LLC acquired a new stake in Dollar Tree in the 4th quarter valued at approximately $382,000. E. Ohman J or Asset Management AB raised its position in Dollar Tree by 24.4% in the 4th quarter. E. Ohman J or Asset Management AB now owns 10,700 shares of the company's stock valued at $802,000 after buying an additional 2,100 shares during the last quarter. Kercheville Advisors LLC acquired a new stake in Dollar Tree in the 4th quarter valued at approximately $300,000. Finally, Strategic Financial Concepts LLC acquired a new stake in Dollar Tree in the 4th quarter valued at approximately $1,280,000. Institutional investors 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.