Dollar Tree (NASDAQ:DLTR) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Dollar Tree (NASDAQ:DLTR) had its price target increased by stock analysts at Wells Fargo & Company from $85.00 to $90.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective suggests a potential upside of 28.25% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. UBS Group decreased their price target on Dollar Tree from $105.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday, March 21st. Evercore ISI boosted their price objective on shares of Dollar Tree from $79.00 to $85.00 and gave the company an “in-line” rating in a research report on Thursday, March 27th. Guggenheim lowered their price target on shares of Dollar Tree from $100.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, March 28th. JPMorgan Chase & Co. dropped their price objective on shares of Dollar Tree from $88.00 to $78.00 and set a “neutral” rating on the stock in a report on Thursday, March 27th. Finally, Truist Financial dropped their target price on shares of Dollar Tree from $83.00 to $76.00 and set a “buy” rating for the company in a research report on Tuesday, March 25th. Sixteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Dollar Tree has an average rating of “Hold” and an average target price of $84.11.

Dollar Tree Trading Down 9.5 %

Shares of DLTR stock traded down $7.39 on Tuesday, reaching $70.18. The company had a trading volume of 5,301,074 shares, compared to its average volume of 3,672,394. Dollar Tree has a 12 month low of $60.49 and a 12 month high of $136.02. 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 stock has a market cap of $15.09 billion, a PE ratio of -14.74, a PEG ratio of 2.16 and a beta of 0.91. The company has a 50-day moving average of $71.37 and a 200-day moving average of $70.41.

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

Institutional Investors Weigh In On Dollar Tree

Several hedge funds have recently made changes to their positions in DLTR. Kovitz Investment Group Partners LLC increased its stake in Dollar Tree by 382.7% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 6,524,870 shares of the company’s stock valued at $488,974,000 after buying an additional 5,173,238 shares during the period. Marshall Wace LLP grew its position in Dollar Tree by 784.2% during the fourth quarter. Marshall Wace LLP now owns 4,377,366 shares of the company’s stock worth $328,040,000 after buying an additional 3,882,324 shares during the period. Balyasny Asset Management L.P. lifted its position in shares of Dollar Tree by 2,489.9% during the 4th quarter. Balyasny Asset Management L.P. now owns 2,621,456 shares of the company’s stock valued at $196,452,000 after acquiring an additional 2,520,237 shares during the period. Norges Bank purchased a new stake in Dollar Tree during the fourth quarter worth $171,149,000. Finally, Capital International Investors raised its stake in shares of Dollar Tree by 30.1% during the 4th quarter. Capital International Investors now owns 8,753,693 shares of the company’s stock worth $656,000,000 after buying an additional 2,023,819 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

About Dollar Tree

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.