Dollar Tree, Inc. (NASDAQ:DLTR) Receives $123.24 Average Price Target from Brokerages

Shares of Dollar Tree, Inc. (NASDAQ:DLTR) have earned a consensus recommendation of “Hold” from the twenty-four ratings firms that are presently covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $123.2381.

DLTR has been the subject of a number of recent analyst reports. Citigroup decreased their price objective on shares of Dollar Tree from $132.00 to $125.00 and set a “neutral” rating for the company in a report on Tuesday, March 17th. Morgan Stanley decreased their price objective on shares of Dollar Tree from $146.00 to $126.00 and set an “equal weight” rating for the company in a report on Tuesday, March 17th. BTIG Research restated a “neutral” rating on shares of Dollar Tree in a report on Monday, March 9th. Sanford C. Bernstein boosted their price objective on shares of Dollar Tree from $123.00 to $124.00 and gave the stock a “market perform” rating in a report on Tuesday, March 17th. Finally, BNP Paribas Exane lowered shares of Dollar Tree from a “hold” rating to an “underperform” rating and set a $87.00 price objective for the company. in a report on Wednesday, January 21st.

Dollar Tree Stock Performance

Shares of DLTR opened at $105.93 on Wednesday. The company has a 50-day simple moving average of $114.63 and a two-hundred day simple moving average of $113.78. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.07 and a quick ratio of 0.29. The firm has a market capitalization of $20.90 billion, a PE ratio of 16.95, a price-to-earnings-growth ratio of 1.25 and a beta of 0.74. Dollar Tree has a one year low of $77.98 and a one year high of $142.40.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Monday, March 16th. The company reported $2.56 earnings per share for the quarter, beating the consensus estimate of $2.53 by $0.03. Dollar Tree had a return on equity of 32.24% and a net margin of 6.61%.The business had revenue of $5.45 billion for the quarter, compared to analysts’ expectations of $5.46 billion. During the same period in the previous year, the firm posted $2.11 EPS. The business’s revenue was up 9.0% on a year-over-year basis. On average, analysts anticipate that Dollar Tree will post 5.39 EPS for the current fiscal year.

Hedge Funds Weigh In On Dollar Tree

A number of hedge funds have recently added to or reduced their stakes in DLTR. Cullen Frost Bankers Inc. bought a new position in Dollar Tree in the 4th quarter worth $25,000. Reflection Asset Management purchased a new stake in Dollar Tree in the 4th quarter worth $25,000. Covestor Ltd lifted its stake in Dollar Tree by 60.9% in the 4th quarter. Covestor Ltd now owns 222 shares of the company’s stock worth $27,000 after purchasing an additional 84 shares in the last quarter. Root Financial Partners LLC purchased a new stake in Dollar Tree in the 3rd quarter worth $29,000. Finally, YANKCOM Partnership purchased a new stake in Dollar Tree in the 4th quarter worth $31,000. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

About Dollar Tree

Dollar Tree, Inc is a North American discount retailer that operates a portfolio of value-oriented store banners, primarily Dollar Tree and Family Dollar. The company’s stores offer a broad assortment of everyday items at low price points, including household essentials, food and snacks, health and beauty products, cleaning supplies, seasonal and party goods, home décor, and basic apparel. Dollar Tree’s merchandising strategy emphasizes high-turnover branded and private-label merchandise tailored to budget-conscious consumers, with Family Dollar complementing the chain by offering a wider range of price points and assortment depth in smaller-format neighborhood locations.

Founded in 1986 and headquartered in Chesapeake, Virginia, Dollar Tree has grown through both organic store openings and acquisitions.