Dollar Tree, Inc. (NASDAQ:DLTR) Receives $143.70 Average PT from Brokerages

Dollar Tree, Inc. (NASDAQ:DLTRGet Free Report) has been assigned an average rating of “Moderate Buy” from the nineteen ratings firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $143.70.

DLTR has been the subject of several recent research reports. Piper Sandler decreased their price target on Dollar Tree from $168.00 to $143.00 and set an “overweight” rating for the company in a research note on Thursday, June 6th. Loop Capital decreased their price target on Dollar Tree from $195.00 to $170.00 and set a “buy” rating for the company in a research note on Thursday, March 14th. Truist Financial decreased their price target on Dollar Tree from $147.00 to $140.00 and set a “buy” rating for the company in a research note on Thursday, June 6th. BMO Capital Markets decreased their price target on Dollar Tree from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Thursday, June 6th. Finally, Guggenheim upped their target price on Dollar Tree from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th.

Get Our Latest Report on Dollar Tree

Dollar Tree Price Performance

Shares of DLTR opened at $106.53 on Friday. Dollar Tree has a 12-month low of $102.77 and a 12-month high of $154.96. The business has a 50-day simple moving average of $119.09 and a two-hundred day simple moving average of $129.82. The company has a quick ratio of 0.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.47. The stock has a market cap of $22.90 billion, a PE ratio of -23.21, a PEG ratio of 1.18 and a beta of 0.90.

Dollar Tree (NASDAQ:DLTRGet Free Report) last issued its earnings results on Wednesday, June 5th. The company reported $1.43 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.43. The business had revenue of $7.63 billion during the quarter, compared to analysts’ expectations of $7.63 billion. Dollar Tree had a positive return on equity of 15.67% and a negative net margin of 3.23%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.47 EPS. Analysts anticipate that Dollar Tree will post 6.68 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Daniel J. Heinrich purchased 1,000 shares of the business’s stock in a transaction on Monday, March 18th. The shares were acquired at an average price of $127.85 per share, for a total transaction of $127,850.00. Following the completion of the acquisition, the director now owns 6,225 shares in the company, valued at $795,866.25. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CFO Jeffrey A. Davis bought 1,800 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were bought at an average price of $136.00 per share, for a total transaction of $244,800.00. Following the completion of the acquisition, the chief financial officer now directly owns 19,047 shares of the company’s stock, valued at $2,590,392. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Daniel J. Heinrich bought 1,000 shares of the company’s stock in a transaction dated Monday, March 18th. The stock was bought at an average price of $127.85 per share, for a total transaction of $127,850.00. Following the acquisition, the director now directly owns 6,225 shares of the company’s stock, valued at $795,866.25. The disclosure for this purchase can be found here. Corporate insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. ICA Group Wealth Management LLC purchased a new stake in shares of Dollar Tree during the fourth quarter valued at approximately $26,000. United Community Bank purchased a new stake in shares of Dollar Tree during the fourth quarter valued at approximately $27,000. Register Financial Advisors LLC purchased a new stake in shares of Dollar Tree during the first quarter valued at approximately $28,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Dollar Tree during the third quarter valued at approximately $26,000. Finally, Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Dollar Tree during the fourth quarter valued at approximately $35,000. Institutional investors own 97.40% of the company’s stock.

About Dollar Tree

(Get Free Report

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.

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Analyst Recommendations for Dollar Tree (NASDAQ:DLTR)

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