Dollar Tree (DLTR) Stock Forecast, Price & News

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Dollar Tree in the last year. There are currently 1 sell rating, 5 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" DLTR shares.
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14 Wall Street research analysts have issued 1-year target prices for Dollar Tree's stock. Their DLTR share price forecasts range from $112.00 to $175.00. On average, they anticipate the company's share price to reach $152.82 in the next twelve months. This suggests a possible upside of 45.2% from the stock's current price.
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Dollar Tree's stock was trading at $141.44 at the beginning of the year. Since then, DLTR stock has decreased by 25.6% and is now trading at $105.24.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 28th 2023.
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Dollar Tree, Inc. (NASDAQ:DLTR) announced its earnings results on Thursday, August, 24th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.03. The business earned $7.32 billion during the quarter, compared to analyst estimates of $7.18 billion. Dollar Tree had a net margin of 4.16% and a trailing twelve-month return on equity of 14.24%. Dollar Tree's revenue was up 8.2% on a year-over-year basis. During the same period last year, the firm earned $1.60 earnings per share.
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ETFs with the largest weight of Dollar Tree (NASDAQ:DLTR) stock in their portfolio include Neuberger Berman Next Generation Connected Consumer ETF (NBCC), Kovitz Core Equity ETF (EQTY), Invesco S&P 500 Equal Weight Consumer Staples ETF (RHS), Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS), VanEck Retail ETF (RTH), First Trust NASDAQ-100 Ex-Technology Sector Index Fund (QQXT), Pacer CFRA-Stovall Equal Weight Seasonal Rotation Index ETF (SZNE) and Consumer Staples Select Sector SPDR Fund (XLP).

Dollar Tree declared that its Board of Directors has authorized a share buyback program on Wednesday, September 29th 2021, which authorizes the company to repurchase $2,500,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 11.3% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's leadership believes its stock is undervalued.

Dollar Tree updated its FY 2023 earnings guidance on Thursday, September, 7th. The company provided earnings per share guidance of $5.78-$6.08 for the period, compared to the consensus EPS estimate of $6.03. The company issued revenue guidance of $30.60 billion-$30.90 billion, compared to the consensus revenue estimate of $30.41 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 variety of institutional and retail investors. Top institutional shareholders include Capital World Investors (8.61%), BlackRock Inc. (6.91%), State Street Corp (4.11%), Capital International Investors (3.45%), Geode Capital Management LLC (2.07%) 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, Jennifer Hulett, 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 $105.24.

Dollar Tree (NASDAQ:DLTR) has a market capitalization of $23.15 billion and generates $28.32 billion in revenue each year. The company earns $1.62 billion in net income (profit) each year or $5.50 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.