Truist Financial Issues Pessimistic Forecast for Dollar Tree (NASDAQ:DLTR) Stock Price

Dollar Tree (NASDAQ:DLTR) had its target price cut by equities researchers at Truist Financial from $83.00 to $76.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s price objective would indicate a potential upside of 9.81% from the stock’s current price.

Other equities analysts also recently issued research reports about the stock. Piper Sandler reissued a “neutral” rating and issued a $72.00 price objective (up previously from $67.00) on shares of Dollar Tree in a research note on Thursday, December 5th. Loop Capital increased their price target on Dollar Tree from $65.00 to $75.00 and gave the company a “hold” rating in a research note on Thursday, December 5th. UBS Group reduced their price objective on Dollar Tree from $105.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday, March 21st. Telsey Advisory Group reiterated a “market perform” rating and issued a $75.00 target price on shares of Dollar Tree in a research report on Thursday, March 6th. Finally, Jefferies Financial Group boosted their price target on Dollar Tree from $70.00 to $75.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Sixteen analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $83.89.

Dollar Tree Trading Up 3.1 %

Shares of DLTR stock opened at $69.21 on Tuesday. Dollar Tree has a fifty-two week low of $60.49 and a fifty-two week high of $137.14. The stock’s fifty day moving average price is $71.03 and its two-hundred day moving average price is $70.13. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. The company has a market cap of $14.88 billion, a PE ratio of -14.51, a P/E/G ratio of 2.16 and a beta of 0.91.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Wednesday, March 26th. The company reported $2.11 earnings per share for the quarter, missing the consensus estimate of $2.20 by ($0.09). The business had revenue of $5 billion during the quarter, compared to analyst estimates of $8.23 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The business’s quarterly revenue was up .7% compared to the same quarter last year. During the same period last year, the business earned $2.55 earnings per share. Equities analysts predict that Dollar Tree will post 5.39 EPS for the current fiscal year.

Institutional Trading of Dollar Tree

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in Dollar Tree by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 23,450,228 shares of the company’s stock worth $1,757,360,000 after acquiring an additional 163,368 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its position in shares of Dollar Tree by 5.7% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 9,920,748 shares of the company’s stock worth $743,461,000 after purchasing an additional 533,920 shares in the last quarter. State Street Corp grew its stake in shares of Dollar Tree by 6.8% in the 3rd quarter. State Street Corp now owns 9,427,910 shares of the company’s stock valued at $662,971,000 after buying an additional 596,191 shares during the period. Capital International Investors increased its position in Dollar Tree by 30.1% in the 4th quarter. Capital International Investors now owns 8,753,693 shares of the company’s stock valued at $656,000,000 after buying an additional 2,023,819 shares in the last quarter. Finally, EdgePoint Investment Group Inc. raised its stake in Dollar Tree by 14.4% during the 4th quarter. EdgePoint Investment Group Inc. now owns 7,940,163 shares of the company’s stock worth $595,036,000 after buying an additional 1,000,637 shares during the period. Institutional investors and hedge funds own 97.40% of the company’s stock.

Dollar Tree Company Profile

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.