Dollar Tree (NASDAQ:DLTR) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Dollar Tree (NASDAQ:DLTR - Free Report) had its target price raised by Morgan Stanley from $80.00 to $96.00 in a research report report published on Thursday,Benzinga reports. The firm currently has an equal weight rating on the stock.

Several other research firms have also recently commented on DLTR. Citigroup upgraded 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 report on Monday, April 7th. BMO Capital Markets raised their target price on shares of Dollar Tree from $80.00 to $85.00 and gave the stock a "market perform" rating in a research report on Thursday. Sanford C. Bernstein set a $82.00 target price on shares of Dollar Tree and gave the company a "market perform" rating in a report on Monday, May 5th. Truist Financial increased their price target on shares of Dollar Tree from $89.00 to $100.00 and gave the stock a "buy" rating in a research note on Monday. Finally, Evercore ISI lifted their price target on shares of Dollar Tree from $86.00 to $92.00 and gave the company an "in-line" rating in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $90.26.

Dollar Tree Price Performance

NASDAQ:DLTR traded down $2.17 during trading hours on Thursday, reaching $94.50. 5,819,229 shares of the company traded hands, compared to its average volume of 4,191,719. The firm's 50-day moving average is $82.10 and its 200-day moving average is $75.13. The stock has a market cap of $20.33 billion, a P/E ratio of -19.81, a P/E/G ratio of 2.16 and a beta of 0.84. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. Dollar Tree has a 1-year low of $60.49 and a 1-year high of $112.71.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its earnings results on Wednesday, June 4th. The company reported $1.26 EPS for the quarter, beating analysts' consensus estimates of $1.21 by $0.05. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The firm had revenue of $4.64 billion for the quarter, compared to analysts' expectations of $4.52 billion. During the same quarter in the prior year, the firm earned $1.43 EPS. Dollar Tree's quarterly revenue was up 11.3% on a year-over-year basis. Equities research analysts expect that Dollar Tree will post 5.39 earnings per share for the current fiscal year.

Insider Buying and Selling at Dollar Tree

In other news, Director William W. Douglas III acquired 701 shares of the stock in a transaction on Wednesday, April 2nd. The stock was bought at an average price of $75.00 per share, with a total value of $52,575.00. Following the completion of the transaction, the director now directly owns 1,377 shares of the company's stock, valued at $103,275. The trade was a 103.70% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Aditya Maheshwari sold 1,238 shares of Dollar Tree stock in a transaction that occurred 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 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 disclosure for this sale 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 institutional investors have recently added to or reduced their stakes in the company. eCIO Inc. acquired a new stake in shares of Dollar Tree during the first quarter valued at about $73,000. Acadian Asset Management LLC acquired a new position in shares of Dollar Tree in the first quarter worth about $4,631,000. Intech Investment Management LLC lifted its stake in shares of Dollar Tree by 1.9% in the first quarter. Intech Investment Management LLC now owns 31,978 shares of the company's stock worth $2,401,000 after acquiring an additional 585 shares in the last quarter. Focus Partners Wealth lifted its stake in shares of Dollar Tree by 2.0% in the first quarter. Focus Partners Wealth now owns 10,646 shares of the company's stock worth $799,000 after acquiring an additional 213 shares in the last quarter. Finally, Bayforest Capital Ltd lifted its stake in shares of Dollar Tree by 309.2% in the first quarter. Bayforest Capital Ltd now owns 14,927 shares of the company's stock worth $1,121,000 after acquiring an additional 11,279 shares in the last quarter. 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.