Analysts Set Dollar Tree, Inc. (NASDAQ:DLTR) PT at $85.58

Dollar Tree, Inc. (NASDAQ:DLTR) has earned a consensus recommendation of “Hold” from the twenty-one research firms that are currently covering the stock, MarketBeat Ratings reports. Sixteen research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $85.58.

A number of equities analysts have recently commented on DLTR shares. Jefferies Financial Group raised their target price on shares of Dollar Tree from $70.00 to $75.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th. JPMorgan Chase & Co. raised their price objective on Dollar Tree from $70.00 to $82.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. StockNews.com raised Dollar Tree from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th. The Goldman Sachs Group dropped their target price on Dollar Tree from $145.00 to $90.00 and set a “buy” rating on the stock in a report on Tuesday, September 10th. Finally, Citigroup upped their price target on Dollar Tree from $64.00 to $76.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th.

Dollar Tree Stock Down 0.3 %

Shares of NASDAQ DLTR opened at $75.99 on Thursday. The stock has a market capitalization of $16.34 billion, a PE ratio of -15.93, a P/E/G ratio of 2.28 and a beta of 0.92. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. The firm has a fifty day moving average of $68.46 and a 200-day moving average of $82.53. Dollar Tree has a 52-week low of $60.49 and a 52-week high of $151.21.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Wednesday, December 4th. The company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.05. The firm had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $7.45 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.97 earnings per share. On average, analysts anticipate that Dollar Tree will post 5.39 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DLTR. Eastern Bank acquired a new position in shares of Dollar Tree in the third quarter worth about $34,000. UMB Bank n.a. lifted its position in shares of Dollar Tree by 52.0% in the 2nd quarter. UMB Bank n.a. now owns 535 shares of the company’s stock valued at $57,000 after acquiring an additional 183 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in Dollar Tree by 105.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock worth $39,000 after purchasing an additional 284 shares during the period. Sunbelt Securities Inc. grew its position in Dollar Tree by 738.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 629 shares of the company’s stock worth $44,000 after purchasing an additional 554 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in Dollar Tree by 35.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 657 shares of the company’s stock valued at $69,000 after purchasing an additional 171 shares during the period. Institutional investors and hedge funds own 97.40% of the company’s stock.

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.