Dollar Tree, Inc. (NASDAQ:DLTR) Given Average Rating of “Moderate Buy” by Analysts

Shares of Dollar Tree, Inc. (NASDAQ:DLTR) have received an average recommendation of “Moderate Buy” from the twenty analysts that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $142.45.

A number of brokerages have recently weighed in on DLTR. Jefferies Financial Group reduced their price objective on shares of Dollar Tree from $130.00 to $128.00 in a report on Thursday, March 14th. Truist Financial lowered their price objective on shares of Dollar Tree from $147.00 to $140.00 and set a “buy” rating on the stock in a research report on Thursday, June 6th. Gordon Haskett downgraded shares of Dollar Tree from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $150.00 to $140.00 in a research report on Wednesday, April 3rd. BMO Capital Markets lowered their target price on shares of Dollar Tree from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Thursday, June 6th. Finally, KeyCorp raised shares of Dollar Tree from a “sector weight” rating to an “overweight” rating and set a $150.00 target price on the stock in a report on Wednesday, May 1st.

Dollar Tree Price Performance

Dollar Tree stock opened at $105.95 on Thursday. The firm has a market cap of $22.77 billion, a PE ratio of -23.08, a price-to-earnings-growth ratio of 1.14 and a beta of 0.88. Dollar Tree has a 52-week low of $101.85 and a 52-week high of $154.96. The company has a quick ratio of 0.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.47. The company’s 50 day moving average is $114.17 and its two-hundred day moving average is $128.16.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Wednesday, June 5th. The company reported $1.43 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.43. Dollar Tree had a negative net margin of 3.23% and a positive return on equity of 15.67%. The company had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.63 billion. During the same period in the prior year, the business earned $1.47 EPS. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. On average, research analysts expect that Dollar Tree will post 6.63 EPS for the current fiscal year.

Insider Transactions at Dollar Tree

In other news, insider Robert Aflatooni sold 827 shares of Dollar Tree stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $105.58, for a total transaction of $87,314.66. Following the completion of the sale, the insider now directly owns 9,725 shares in the company, valued at $1,026,765.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Dollar Tree

Institutional investors have recently bought and sold shares of the stock. ICA Group Wealth Management LLC purchased a new stake in Dollar Tree in the fourth quarter valued at approximately $26,000. United Community Bank acquired a new position in shares of Dollar Tree during the fourth quarter worth $27,000. Register Financial Advisors LLC acquired a new stake in Dollar Tree in the first quarter valued at $28,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Dollar Tree in the fourth quarter valued at $35,000. Finally, City State Bank raised its holdings in Dollar Tree by 200.0% in the fourth quarter. City State Bank now owns 300 shares of the company’s stock valued at $43,000 after acquiring an additional 200 shares in the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

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.