Dollar Tree, Inc. (NASDAQ:DLTR) Receives $141.55 Consensus Price Target from Analysts

Dollar Tree, Inc. (NASDAQ:DLTR) has received an average rating of “Moderate Buy” from the twenty ratings firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $141.55.

A number of research analysts have recently issued reports on the company. Telsey Advisory Group dropped their target price on Dollar Tree from $160.00 to $155.00 and set an “outperform” rating on the stock in a report on Thursday, June 6th. Citigroup lowered Dollar Tree from a “buy” rating to a “neutral” rating and dropped their target price for the company from $163.00 to $120.00 in a report on Thursday, June 6th. JPMorgan Chase & Co. boosted their target price on Dollar Tree from $135.00 to $148.00 and gave the company an “overweight” rating in a report on Thursday, July 18th. BMO Capital Markets dropped their target price on Dollar Tree from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Thursday, June 6th. Finally, Wells Fargo & Company dropped their target price on Dollar Tree from $180.00 to $160.00 and set an “overweight” rating on the stock in a report on Thursday, June 6th.

Insider Buying and Selling at Dollar Tree

In other news, insider Robert Aflatooni sold 827 shares of the firm’s stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $105.58, for a total transaction of $87,314.66. Following the completion of the transaction, the insider now directly owns 9,725 shares of the company’s stock, valued at approximately $1,026,765.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Dollar Tree

Large investors have recently bought and sold shares of the stock. ICA Group Wealth Management LLC purchased a new stake in Dollar Tree during the 4th quarter worth about $26,000. United Community Bank acquired a new position in shares of Dollar Tree in the 4th quarter valued at $27,000. Register Financial Advisors LLC purchased a new stake in shares of Dollar Tree during the 1st quarter valued at $28,000. Mather Group LLC. increased its holdings in shares of Dollar Tree by 198.9% during the 2nd quarter. Mather Group LLC. now owns 281 shares of the company’s stock worth $30,000 after buying an additional 187 shares during the last quarter. Finally, Turtle Creek Wealth Advisors LLC purchased a new position in shares of Dollar Tree in the 4th quarter worth $35,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

Dollar Tree Price Performance

Shares of NASDAQ:DLTR opened at $99.53 on Monday. Dollar Tree has a one year low of $98.26 and a one year high of $152.46. The stock has a market capitalization of $21.39 billion, a price-to-earnings ratio of -21.68, a PEG ratio of 1.07 and a beta of 0.88. The company has a 50-day simple moving average of $107.72 and a 200-day simple moving average of $122.90. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.23 and a current ratio of 1.28.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Wednesday, June 5th. The company reported $1.43 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.43. Dollar Tree had a positive return on equity of 15.67% and a negative net margin of 3.23%. The firm had revenue of $7.63 billion for the quarter, compared to analysts’ expectations of $7.63 billion. During the same quarter in the previous year, the firm posted $1.47 EPS. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, analysts predict that Dollar Tree will post 6.63 EPS for the current year.

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.