Dollar Tree, Inc. (NASDAQ:DLTR) Receives Average Recommendation of “Hold” from Analysts

Shares of Dollar Tree, Inc. (NASDAQ:DLTR) have earned a consensus rating of “Hold” from the twenty-three brokerages that are currently covering the firm, MarketBeat reports. Four analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $111.2941.

Several brokerages recently commented on DLTR. Jefferies Financial Group initiated coverage on Dollar Tree in a report on Thursday, July 17th. They set a “hold” rating and a $106.00 target price on the stock. Telsey Advisory Group restated an “outperform” rating and issued a $130.00 price objective on shares of Dollar Tree in a report on Thursday, September 4th. Guggenheim decreased their target price on Dollar Tree from $130.00 to $125.00 and set a “buy” rating for the company in a research note on Monday, September 8th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Dollar Tree in a research report on Saturday, September 27th. Finally, Evercore ISI reduced their price objective on shares of Dollar Tree from $108.00 to $105.00 and set an “in-line” rating for the company in a research report on Tuesday, September 23rd.

Insider Activity

In other Dollar Tree news, Director Stephanie Stahl sold 1,185 shares of the company’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $100.32, for a total value of $118,879.20. Following the transaction, the director owned 4,089 shares of the company’s stock, valued at approximately $410,208.48. This represents a 22.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 6.60% of the company’s stock.

Institutional Investors Weigh In On Dollar Tree

Several hedge funds have recently modified their holdings of DLTR. Vanguard Group Inc. boosted its position in shares of Dollar Tree by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 23,839,718 shares of the company’s stock valued at $1,789,648,000 after purchasing an additional 389,490 shares during the period. EdgePoint Investment Group Inc. boosted its holdings in shares of Dollar Tree by 12.3% in the second quarter. EdgePoint Investment Group Inc. now owns 10,825,801 shares of the company’s stock worth $1,072,187,000 after buying an additional 1,184,294 shares during the period. T. Rowe Price Investment Management Inc. increased its position in shares of Dollar Tree by 0.7% in the first quarter. T. Rowe Price Investment Management Inc. now owns 9,994,978 shares of the company’s stock worth $750,323,000 after acquiring an additional 74,230 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Dollar Tree by 69.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,848,196 shares of the company’s stock valued at $439,025,000 after acquiring an additional 2,400,586 shares during the period. Finally, Primecap Management Co. CA lifted its position in shares of Dollar Tree by 0.3% in the 2nd quarter. Primecap Management Co. CA now owns 3,925,510 shares of the company’s stock valued at $388,783,000 after acquiring an additional 12,675 shares in the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.

Dollar Tree Stock Performance

DLTR stock opened at $89.98 on Friday. The company has a 50-day simple moving average of $105.61 and a 200 day simple moving average of $94.59. The company has a market capitalization of $18.35 billion, a P/E ratio of -6.63, a PEG ratio of 1.64 and a beta of 0.85. The company has a quick ratio of 0.27, a current ratio of 1.04 and a debt-to-equity ratio of 0.67. Dollar Tree has a fifty-two week low of $60.49 and a fifty-two week high of $118.06.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results on Wednesday, September 3rd. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.39. The company had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.46 billion. Dollar Tree had a negative net margin of 13.46% and a positive return on equity of 23.52%. Dollar Tree’s revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.67 EPS. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. Sell-side analysts predict that Dollar Tree will post 5.39 earnings per share for the current fiscal year.

Dollar Tree announced that its Board of Directors has authorized a share buyback program on Wednesday, July 9th that allows the company to buyback $2.50 billion in shares. This buyback authorization allows the company to purchase up to 11.5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its stock is undervalued.

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.