Dollar Tree - DLTR Stock Forecast, Price & News

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Dollar Tree in the last twelve months. There are currently 4 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" DLTR shares.
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12 analysts have issued 12 month price targets for Dollar Tree's stock. Their DLTR share price forecasts range from $145.00 to $190.00. On average, they anticipate the company's share price to reach $166.80 in the next year. This suggests a possible upside of 19.3% 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 stock has decreased by 1.2% and is now trading at $139.76.
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Dollar Tree saw a decline in short interest in the month of February. As of February 28th, there was short interest totaling 7,880,000 shares, a decline of 23.0% from the February 13th total of 10,230,000 shares. Based on an average daily volume of 2,110,000 shares, the days-to-cover ratio is currently 3.7 days. Currently, 3.6% of the company's stock are short sold.
View Dollar Tree's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 25th 2023.
View our DLTR earnings forecast.

Dollar Tree, Inc. (NASDAQ:DLTR) announced its quarterly earnings results on Wednesday, March, 1st. The company reported $2.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.01. The firm had revenue of $7.72 billion for the quarter, compared to the consensus estimate of $7.61 billion. Dollar Tree had a trailing twelve-month return on equity of 19.19% and a net margin of 5.70%. Dollar Tree's revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.01 EPS.
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), VanEck Retail ETF (RTH), IQ Winslow Large Cap Growth ETF (IWLG), Nuveen Winslow Large-Cap Growth ESG ETF (NWLG), Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RCD), iShares U.S. Consumer Focused ETF (IEDI) and SRH U.S. Quality ETF (SRHQ).

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

Dollar Tree issued an update on its FY24 earnings guidance on Wednesday, March, 1st. The company provided EPS guidance of $6.30-$6.80 for the period, compared to the consensus EPS estimate of $7.64. The company issued revenue guidance of $29.9-$30.5 billion, compared to the consensus revenue estimate of $29.85 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 many different institutional and retail investors. Top institutional investors include EdgePoint Investment Group Inc. (2.17%), Geode Capital Management LLC (1.99%), Morgan Stanley (1.96%), T. Rowe Price Investment Management Inc. (1.81%), Macquarie Group Ltd. (1.36%) and Winslow Capital Management LLC (1.22%). 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, Richard W Dreiling, Thomas A Saunders and William A Old Jr.
View institutional ownership trends.

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 $139.76.

Dollar Tree (NASDAQ:DLTR) has a market capitalization of $30.92 billion and generates $28.32 billion in revenue each year. The company earns $1.62 billion in net income (profit) each year or $7.21 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.