Dollar Tree (NASDAQ:DLTR) Price Target Raised to $85.00

Dollar Tree (NASDAQ:DLTR) had its target price hoisted by Evercore ISI from $79.00 to $85.00 in a research report report published on Thursday,Benzinga reports. They currently have an in-line rating on the stock.

Several other research analysts have also recently commented on the stock. Loop Capital raised their target price on shares of Dollar Tree from $65.00 to $75.00 and gave the stock a “hold” rating in a report on Thursday, December 5th. Piper Sandler reiterated a “neutral” rating and set a $72.00 price objective (up from $67.00) on shares of Dollar Tree in a research report on Thursday, December 5th. Telsey Advisory Group increased their target price on Dollar Tree from $75.00 to $82.00 and gave the company a “market perform” rating in a report on Thursday. Guggenheim lowered their price target on Dollar Tree from $120.00 to $100.00 and set a “buy” rating on the stock in a report on Friday, December 6th. Finally, StockNews.com raised shares of Dollar Tree from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th. Sixteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $83.68.

Dollar Tree Price Performance

Shares of NASDAQ DLTR opened at $76.95 on Thursday. Dollar Tree has a twelve month low of $60.49 and a twelve month high of $137.14. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32. The firm has a 50-day moving average of $71.15 and a two-hundred day moving average of $70.18. The company has a market capitalization of $16.54 billion, a price-to-earnings ratio of -16.13, a PEG ratio of 2.16 and a beta of 0.91.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.09). The business had revenue of $5 billion for the quarter, compared to the consensus estimate of $8.23 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The company’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.55 earnings per share. As a group, analysts expect that Dollar Tree will post 5.39 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP boosted its holdings in shares of Dollar Tree by 155.7% in the 4th quarter. Wellington Management Group LLP now owns 77,886 shares of the company’s stock valued at $5,837,000 after buying an additional 47,427 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Dollar Tree by 21.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 9,105 shares of the company’s stock valued at $682,000 after acquiring an additional 1,588 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Dollar Tree during the 4th quarter worth about $8,315,000. Polar Asset Management Partners Inc. lifted its stake in Dollar Tree by 100.0% in the 4th quarter. Polar Asset Management Partners Inc. now owns 107,200 shares of the company’s stock valued at $8,034,000 after purchasing an additional 53,600 shares during the last quarter. Finally, Forum Financial Management LP bought a new position in Dollar Tree during the fourth quarter worth about $340,000. 97.40% of the stock is currently owned by 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.