Dollar Tree - DLTR Stock Forecast, Price & News

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Dollar Tree in the last twelve months. There are currently 3 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" DLTR shares.
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15 Wall Street research analysts have issued 12 month price objectives for Dollar Tree's stock. Their DLTR share price forecasts range from $145.00 to $200.00. On average, they predict the company's share price to reach $171.13 in the next year. This suggests a possible upside of 14.2% 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 increased by 6.0% and is now trading at $149.91.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 1st 2023.
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Dollar Tree, Inc. (NASDAQ:DLTR) posted its quarterly earnings results on Tuesday, November, 22nd. The company reported $1.20 EPS for the quarter, beating analysts' consensus estimates of $1.17 by $0.03. The company had revenue of $6.94 billion for the quarter, compared to analysts' expectations of $6.84 billion. Dollar Tree had a net margin of 5.84% and a trailing twelve-month return on equity of 19.82%. The firm's revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.96 earnings per share.
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Dollar Tree declared that its Board of Directors has authorized a share buyback plan on Wednesday, September 29th 2021, which authorizes the company to repurchase $2,500,000,000.00 in outstanding 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 plans are typically a sign that the company's board believes its stock is undervalued.

Dollar Tree updated its fourth quarter 2022 earnings guidance on Thursday, December, 22nd. The company provided EPS guidance of for the period. The company issued revenue guidance of $7.54 billion-$7.68 billion, compared to the consensus revenue estimate of $7.52 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 investors include Assenagon Asset Management S.A. (0.38%), Sumitomo Mitsui Trust Holdings Inc. (0.30%), Kovitz Investment Group Partners LLC (0.26%), Manning & Napier Group LLC (0.25%), Artemis Investment Management LLP (0.19%) and Stephens Investment Management Group LLC (0.16%). Insiders that own company stock include Arnold S Barron, Bob Sasser, Daniel J Heinrich, David A Jacobs, Gregory M Bridgeford, Kevin S Wampler, Lemuel E Lewis, Michael A Witynski, Richard L Mcneely, 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 $149.91.

Dollar Tree (NASDAQ:DLTR) has a market capitalization of $33.57 billion and generates $26.31 billion in revenue each year. The company earns $1.33 billion in net income (profit) each year or $7.18 on an earnings per share basis.

The company employs 210,565 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.