Dollar Tree (NASDAQ:DLTR) Rating Increased to Hold at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Dollar Tree (NASDAQ:DLTRFree Report) from a neutral rating to a hold rating in a research report released on Wednesday morning, Marketbeat reports. The Goldman Sachs Group currently has $125.00 target price on the stock, up from their previous target price of $105.00.

A number of other brokerages have also recently commented on DLTR. Raymond James Financial upgraded shares of Dollar Tree from a “market perform” rating to an “outperform” rating and set a $140.00 target price for the company in a research report on Wednesday. Truist Financial cut their price objective on shares of Dollar Tree from $142.00 to $107.00 and set a “buy” rating for the company in a report on Wednesday, May 27th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Dollar Tree from $99.00 to $102.00 and gave the stock a “hold” rating in a research note on Thursday, June 4th. Benchmark began coverage on Dollar Tree in a research report on Wednesday. They issued a “hold” rating for the company. Finally, Barclays cut their price target on Dollar Tree from $149.00 to $131.00 and set an “overweight” rating for the company in a report on Tuesday, May 26th. Ten equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $122.68.

Read Our Latest Stock Analysis on DLTR

Dollar Tree Stock Performance

Shares of NASDAQ DLTR traded down $1.05 during midday trading on Wednesday, reaching $122.56. The company had a trading volume of 194,337 shares, compared to its average volume of 3,488,107. The business’s 50-day simple moving average is $106.61 and its 200 day simple moving average is $114.49. Dollar Tree has a 1 year low of $84.71 and a 1 year high of $142.40. The company has a current ratio of 1.16, a quick ratio of 0.39 and a debt-to-equity ratio of 0.84. The stock has a market cap of $23.55 billion, a P/E ratio of 19.19, a P/E/G ratio of 1.40 and a beta of 0.65.

Dollar Tree (NASDAQ:DLTRGet Free Report) last posted its quarterly earnings results on Thursday, May 28th. The company reported $1.74 EPS for the quarter, beating the consensus estimate of $1.53 by $0.21. The company had revenue of $4.98 billion for the quarter, compared to analyst estimates of $4.96 billion. Dollar Tree had a net margin of 6.51% and a return on equity of 35.19%. The firm’s revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.26 earnings per share. Dollar Tree has set its Q2 2026 guidance at 1.000-1.150 EPS. On average, analysts forecast that Dollar Tree will post 7 earnings per share for the current fiscal year.

Dollar Tree announced that its board has approved a share buyback program on Thursday, July 2nd that permits the company to buyback $2.50 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 10.7% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Institutional Investors Weigh In On Dollar Tree

Several hedge funds have recently modified their holdings of DLTR. EdgePoint Investment Group Inc. boosted its position in Dollar Tree by 2.9% during the third quarter. EdgePoint Investment Group Inc. now owns 11,138,183 shares of the company’s stock worth $1,051,110,000 after purchasing an additional 312,382 shares in the last quarter. State Street Corp boosted its position in shares of Dollar Tree by 3.5% in the 3rd quarter. State Street Corp now owns 9,421,856 shares of the company’s stock worth $889,141,000 after buying an additional 319,938 shares in the last quarter. Alliancebernstein L.P. grew its stake in Dollar Tree by 4.8% in the 3rd quarter. Alliancebernstein L.P. now owns 3,926,586 shares of the company’s stock valued at $370,552,000 after acquiring an additional 180,364 shares during the last quarter. Invesco Ltd. increased its holdings in Dollar Tree by 1.5% during the 4th quarter. Invesco Ltd. now owns 2,719,303 shares of the company’s stock valued at $334,501,000 after acquiring an additional 39,506 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Dollar Tree in the fourth quarter valued at about $260,858,000. 97.40% of the stock is owned by institutional investors and hedge funds.

About Dollar Tree

(Get Free Report)

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.

See Also

Analyst Recommendations for Dollar Tree (NASDAQ:DLTR)

Receive News & Ratings for Dollar Tree Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar Tree and related companies with MarketBeat.com's FREE daily email newsletter.