Dollar Tree (NASDAQ:DLTR) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Dollar Tree (NASDAQ:DLTR - Get Free Report) had its price objective lifted by equities research analysts at Wells Fargo & Company from $90.00 to $105.00 in a report issued on Monday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Wells Fargo & Company's target price would suggest a potential upside of 8.50% from the company's previous close.

DLTR has been the topic of several other research reports. Sanford C. Bernstein set a $82.00 target price on shares of Dollar Tree and gave the company a "market perform" rating in a research note on Monday, May 5th. Bank of America reduced their target price on shares of Dollar Tree from $75.00 to $70.00 and set an "underperform" rating on the stock in a research note on Tuesday, April 8th. Truist Financial raised their target price on shares of Dollar Tree from $89.00 to $100.00 and gave the company a "buy" rating in a research note on Monday. JPMorgan Chase & Co. reduced their target price on shares of Dollar Tree from $88.00 to $78.00 and set a "neutral" rating on the stock in a research note on Thursday, March 27th. Finally, Guggenheim reaffirmed a "buy" rating and issued a $100.00 target price (up previously from $95.00) on shares of Dollar Tree in a research note on Monday, May 5th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Dollar Tree presently has an average rating of "Hold" and a consensus target price of $90.26.

Dollar Tree Stock Performance

Dollar Tree stock traded up $8.15 during mid-day trading on Monday, reaching $96.77. The company had a trading volume of 8,299,843 shares, compared to its average volume of 4,499,320. 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 has a 52 week low of $60.49 and a 52 week high of $115.86. The company has a 50 day moving average of $81.67 and a 200-day moving average of $74.92. The firm has a market cap of $20.81 billion, a price-to-earnings ratio of -20.29, a PEG ratio of 2.16 and a beta of 0.84.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its quarterly earnings data on Wednesday, June 4th. The company reported $1.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.21 by $0.05. The company 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 business's revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.43 EPS. On average, sell-side analysts expect that Dollar Tree will post 5.39 EPS for the current fiscal year.

Insider Activity at Dollar Tree

In other news, Director William W. Douglas III bought 701 shares of the business's stock in a transaction dated Wednesday, April 2nd. The shares were purchased at an average price of $75.00 per share, for a total transaction of $52,575.00. Following the completion of the acquisition, the director now owns 1,377 shares of the company's stock, valued at approximately $103,275. This trade represents a 103.70% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Aditya Maheshwari sold 1,238 shares of the firm's stock in a transaction on Monday, April 14th. The stock was 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 directly 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 disclosure for this sale can be found here. 6.60% of the stock is owned by company insiders.

Institutional Trading of Dollar Tree

Hedge funds have recently modified their holdings of the business. Acadian Asset Management LLC purchased a new position in shares of Dollar Tree in the 1st quarter worth about $4,631,000. Intech Investment Management LLC grew its stake in shares of Dollar Tree by 1.9% during the 1st quarter. Intech Investment Management LLC now owns 31,978 shares of the company's stock valued at $2,401,000 after purchasing an additional 585 shares during the period. Focus Partners Wealth grew its stake in shares of Dollar Tree by 2.0% during the 1st quarter. Focus Partners Wealth now owns 10,646 shares of the company's stock valued at $799,000 after purchasing an additional 213 shares during the period. Bayforest Capital Ltd grew its stake in shares of Dollar Tree by 309.2% during the 1st quarter. Bayforest Capital Ltd now owns 14,927 shares of the company's stock valued at $1,121,000 after purchasing an additional 11,279 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Dollar Tree by 5.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,239,916 shares of the company's stock valued at $93,080,000 after acquiring an additional 59,606 shares during the period. 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.