Dollar Tree (NASDAQ:DLTR) Price Target Raised to $89.00

Dollar Tree (NASDAQ:DLTR) had its price objective upped by Truist Financial from $84.00 to $89.00 in a report published on Tuesday, Marketbeat reports. They currently have a buy rating on the stock.

Several other analysts have also issued reports on DLTR. Evercore ISI increased their target price on Dollar Tree from $79.00 to $85.00 and gave the stock an “in-line” rating in a report on Thursday, March 27th. Wells Fargo & Company increased their price objective on shares of Dollar Tree from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 1st. JPMorgan Chase & Co. dropped their target price on shares of Dollar Tree from $88.00 to $78.00 and set a “neutral” rating for the company in a research report on Thursday, March 27th. Loop Capital reaffirmed a “hold” rating on shares of Dollar Tree in a report on Thursday, March 27th. Finally, Telsey Advisory Group lifted their price objective on shares of Dollar Tree from $75.00 to $82.00 and gave the company a “market perform” rating in a research note on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $82.68.

Dollar Tree Stock Up 1.1 %

DLTR opened at $85.38 on Tuesday. The stock has a fifty day moving average of $73.54 and a 200-day moving average of $71.76. The company has a market capitalization of $18.36 billion, a P/E ratio of -17.90, a P/E/G ratio of 2.16 and a beta of 0.87. Dollar Tree has a fifty-two week low of $60.49 and a fifty-two week high of $123.17. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03.

Dollar Tree (NASDAQ:DLTR) last issued 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). Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The business had revenue of $5 billion during the quarter, compared to analyst estimates of $8.23 billion. During the same quarter last year, the firm earned $2.55 EPS. Dollar Tree’s revenue for the quarter was up .7% compared to the same quarter last year. On average, equities analysts expect that Dollar Tree will post 5.39 EPS for the current year.

Insider Activity at Dollar Tree

In other Dollar Tree news, Director William W. Douglas III acquired 701 shares of Dollar Tree stock in a transaction that occurred on Wednesday, April 2nd. The shares were bought at an average price of $75.00 per share, with a total value of $52,575.00. Following the completion of the purchase, the director now directly owns 1,377 shares in the company, valued at $103,275. This trade represents a 103.70 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Aditya Maheshwari sold 1,238 shares of the firm’s stock in a transaction on Monday, April 14th. The stock was sold at an average price of $74.70, for a total value of $92,478.60. Following the transaction, the chief accounting officer now directly owns 4,231 shares of the company’s stock, valued at approximately $316,055.70. This represents a 22.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Dollar Tree

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bessemer Group Inc. boosted its holdings in Dollar Tree by 34,600.0% in the fourth quarter. Bessemer Group Inc. now owns 347 shares of the company’s stock valued at $26,000 after acquiring an additional 346 shares during the last quarter. Assetmark Inc. lifted its position in shares of Dollar Tree by 74.1% in the 4th quarter. Assetmark Inc. now owns 350 shares of the company’s stock worth $26,000 after purchasing an additional 149 shares during the period. Versant Capital Management Inc bought a new stake in shares of Dollar Tree in the 4th quarter valued at $30,000. Parkside Financial Bank & Trust increased its position in shares of Dollar Tree by 120.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 424 shares of the company’s stock worth $32,000 after buying an additional 232 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised its stake in Dollar Tree by 91.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock worth $33,000 after buying an additional 210 shares during the last quarter. 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.