Dollar Tree (NASDAQ:DLTR) Receives Market Perform Rating from Telsey Advisory Group

Telsey Advisory Group reiterated their market perform rating on shares of Dollar Tree (NASDAQ:DLTR) in a research report sent to investors on Friday morning,Benzinga reports. Telsey Advisory Group currently has a $75.00 target price on the stock.

Other equities research analysts have also recently issued reports about the stock. Jefferies Financial Group raised their price objective on shares of Dollar Tree from $70.00 to $75.00 and gave the stock a “hold” rating in a research report on Wednesday, December 4th. Sanford C. Bernstein assumed coverage on shares of Dollar Tree in a report on Tuesday, October 22nd. They set a “market perform” rating and a $76.00 price target for the company. Wells Fargo & Company decreased their price objective on Dollar Tree from $130.00 to $100.00 and set an “overweight” rating on the stock in a report on Thursday, September 5th. JPMorgan Chase & Co. raised their target price on Dollar Tree from $70.00 to $82.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Finally, Guggenheim decreased their price target on Dollar Tree from $120.00 to $100.00 and set a “buy” rating on the stock in a research note on Friday, December 6th. Seventeen research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Dollar Tree has an average rating of “Hold” and a consensus target price of $85.58.

Dollar Tree Stock Performance

NASDAQ:DLTR opened at $72.94 on Friday. The company has a fifty day moving average of $67.78 and a two-hundred day moving average of $84.08. Dollar Tree has a fifty-two week low of $60.49 and a fifty-two week high of $151.21. The stock has a market capitalization of $15.68 billion, a PE ratio of -15.29, a P/E/G ratio of 2.28 and a beta of 0.92. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Wednesday, December 4th. The company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.05. The business had revenue of $7.57 billion during the quarter, compared to analyst estimates of $7.45 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.97 earnings per share. As a group, research analysts forecast that Dollar Tree will post 5.39 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Dollar Tree

Several large investors have recently bought and sold shares of the stock. Strategic Financial Concepts LLC acquired a new position in shares of Dollar Tree during the second quarter worth about $26,000. Eastern Bank purchased a new position in Dollar Tree in the third quarter worth approximately $34,000. First Horizon Advisors Inc. grew its holdings in Dollar Tree by 105.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock worth $39,000 after acquiring an additional 284 shares in the last quarter. Sunbelt Securities Inc. increased its position in shares of Dollar Tree by 738.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 629 shares of the company’s stock valued at $44,000 after purchasing an additional 554 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of Dollar Tree by 174.5% in the 2nd quarter. Blue Trust Inc. now owns 431 shares of the company’s stock valued at $46,000 after purchasing an additional 274 shares in the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

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.