Dollar Tree’s (DLTR) Market Perform Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group restated their market perform rating on shares of Dollar Tree (NASDAQ:DLTR) in a research report report published on Friday,Benzinga reports. The brokerage currently has a $75.00 price target on the stock.

Several other analysts have also recently commented on DLTR. Morgan Stanley lowered their target price on Dollar Tree from $130.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 5th. Evercore ISI cut their price objective on shares of Dollar Tree from $94.00 to $92.00 and set an “in-line” rating on the stock in a research note on Tuesday, December 3rd. BMO Capital Markets upped their price objective on shares of Dollar Tree from $65.00 to $70.00 and gave the stock a “market perform” rating in a report on Thursday, December 5th. Truist Financial raised their target price on shares of Dollar Tree from $79.00 to $83.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, Loop Capital upped their price target on shares of Dollar Tree from $65.00 to $75.00 and gave the stock a “hold” rating in a research note on Thursday, December 5th. Seventeen research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $85.58.

Dollar Tree Price Performance

DLTR opened at $72.94 on Friday. 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 company’s 50-day moving average price is $67.78 and its 200 day moving average price is $83.82. Dollar Tree has a fifty-two week low of $60.49 and a fifty-two week high of $151.21. The firm has a market cap of $15.68 billion, a price-to-earnings ratio of -15.29, a price-to-earnings-growth ratio of 2.28 and a beta of 0.92.

Dollar Tree (NASDAQ:DLTR) last posted its 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 company had revenue of $7.57 billion for the quarter, compared to analysts’ expectations 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 period last year, the business posted $0.97 earnings per share. As a group, sell-side analysts expect that Dollar Tree will post 5.39 earnings per share for the current year.

Hedge Funds Weigh In On Dollar Tree

Several institutional investors and hedge funds have recently added to or reduced their stakes in DLTR. Principal Financial Group Inc. boosted its holdings in shares of Dollar Tree by 0.6% during the third quarter. Principal Financial Group Inc. now owns 232,455 shares of the company’s stock worth $16,346,000 after purchasing an additional 1,485 shares during the period. Tidal Investments LLC lifted its stake in shares of Dollar Tree by 193.1% in the 3rd quarter. Tidal Investments LLC now owns 20,130 shares of the company’s stock valued at $1,416,000 after purchasing an additional 13,263 shares during the last quarter. Sanctuary Advisors LLC increased its position in Dollar Tree by 37.6% during the third quarter. Sanctuary Advisors LLC now owns 10,041 shares of the company’s stock worth $667,000 after buying an additional 2,745 shares during the last quarter. Sunbelt Securities Inc. raised its holdings in Dollar Tree by 738.7% during the third quarter. Sunbelt Securities Inc. now owns 629 shares of the company’s stock valued at $44,000 after buying an additional 554 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd lifted its position in shares of Dollar Tree by 59.1% in the third quarter. Y Intercept Hong Kong Ltd now owns 42,718 shares of the company’s stock worth $3,004,000 after buying an additional 15,875 shares during the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

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.