Dollar Tree (DLTR) Stock Forecast, Price & News

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Dollar Tree in the last year. There are currently 4 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" DLTR shares.
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11 brokerages have issued 12 month target prices for Dollar Tree's stock. Their DLTR share price forecasts range from $138.00 to $177.00. On average, they expect the company's stock price to reach $158.71 in the next year. This suggests a possible upside of 18.8% from the stock's current price.
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Dollar Tree's stock was trading at $141.44 on January 1st, 2023. Since then, DLTR shares have decreased by 5.5% and is now trading at $133.61.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 24th 2023.
View our DLTR earnings forecast.

Dollar Tree, Inc. (NASDAQ:DLTR) issued its quarterly earnings data on Thursday, May, 25th. The company reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.54 by $0.07. The company earned $7.32 billion during the quarter, compared to analyst estimates of $7.27 billion. Dollar Tree had a net margin of 4.79% and a trailing twelve-month return on equity of 16.36%. The firm's revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.37 earnings per share.
Read the conference call transcript.

ETFs with the largest weight of Dollar Tree (NASDAQ:DLTR) stock in their portfolio include Neuberger Berman Next Generation Connected Consumer ETF (NBCC), IQ Winslow Focused Large Cap Growth ETF (IWFG), Kovitz Core Equity ETF (EQTY), Invesco S&P 500 Equal Weight Consumer Staples ETF (RHS), IQ Winslow Large Cap Growth ETF (IWLG), Nuveen Winslow Large-Cap Growth ESG ETF (NWLG), VanEck Retail ETF (RTH) and iShares U.S. Consumer Focused ETF (IEDI).

Dollar Tree announced that its board has authorized a stock buyback plan on Wednesday, September 29th 2021, which permits the company to repurchase $2,500,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 11.3% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board of directors believes its stock is undervalued.

Dollar Tree updated its second quarter 2023 earnings guidance on Tuesday, May, 30th. The company provided EPS guidance of $0.79-$0.89 for the period, compared to the consensus estimate of $1.22. The company issued revenue guidance of $7.00 billion-$7.20 billion, compared to the consensus revenue estimate of $7.15 billion.

1,611 employees have rated Dollar Tree Chief Executive Officer Gary Philbin on Glassdoor.com. Gary Philbin has an approval rating of 57% among the company's employees. This puts Gary Philbin in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. 43.0% of employees surveyed would recommend working at Dollar Tree to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other Dollar Tree investors own include Cronos Group (CRON), NVIDIA (NVDA), Micron Technology (MU), Walmart (WMT), Walt Disney (DIS), Dollar General (DG), Alibaba Group (BABA), Advanced Micro Devices (AMD), Intel (INTC) and Netflix (NFLX).

Dollar Tree trades on the NASDAQ under the ticker symbol "DLTR."

Dollar Tree's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.25%), FMR LLC (4.10%), State Street Corp (4.04%), Geode Capital Management LLC (2.02%), Macquarie Group Ltd. (1.45%) and Dimensional Fund Advisors LP (1.07%). Insiders that own company stock include Arnold S Barron, Bob Sasser, Daniel J Heinrich, David A Jacobs, Gregory M Bridgeford, Jeffrey A Davis, Kevin S Wampler, Lemuel E Lewis, Michael A Witynski, Richard L Mcneely, Richard W Dreiling, Thomas A Saunders and William A Old Jr.
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Shares of DLTR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of DLTR stock can currently be purchased for approximately $133.61.

Dollar Tree (NASDAQ:DLTR) has a market capitalization of $29.44 billion and generates $28.32 billion in revenue each year. The company earns $1.62 billion in net income (profit) each year or $6.19 on an earnings per share basis.

The company employs 207,548 workers across the globe.

Dollar Tree's mailing address is 500 VOLVO PARKWAY, CHESAPEAKE VA, 23320. The official website for the company is www.dollartree.com. The company can be reached via phone at (757) 321-5000 or via fax at 757-857-6848.