Dollar Tree, Inc. (NASDAQ:DLTR) Receives $84.79 Average PT from Brokerages

Dollar Tree, Inc. (NASDAQ:DLTR) has earned a consensus rating of “Hold” from the twenty research firms that are presently covering the company, MarketBeat reports. Fifteen investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $84.79.

A number of brokerages have recently commented on DLTR. BMO Capital Markets upped their price target on Dollar Tree from $65.00 to $70.00 and gave the company a “market perform” rating in a research report on Thursday, December 5th. Truist Financial upped their price target on Dollar Tree from $79.00 to $83.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Guggenheim dropped their price objective on Dollar Tree from $120.00 to $100.00 and set a “buy” rating on the stock in a report on Friday, December 6th. Citigroup increased their price objective on Dollar Tree from $64.00 to $76.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $75.00 price objective on shares of Dollar Tree in a report on Thursday, March 6th.

Hedge Funds Weigh In On Dollar Tree

Several institutional investors have recently modified their holdings of the company. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Dollar Tree during the 4th quarter worth approximately $8,315,000. Polar Asset Management Partners Inc. grew its position in Dollar Tree by 100.0% during the 4th quarter. Polar Asset Management Partners Inc. now owns 107,200 shares of the company’s stock worth $8,034,000 after acquiring an additional 53,600 shares during the last quarter. Forum Financial Management LP bought a new position in Dollar Tree during the 4th quarter worth approximately $340,000. USS Investment Management Ltd bought a new position in Dollar Tree during the 4th quarter worth approximately $2,877,000. Finally, Woodline Partners LP bought a new position in Dollar Tree during the 4th quarter worth approximately $910,000. 97.40% of the stock is currently owned by institutional investors.

Dollar Tree Stock Down 2.2 %

Shares of NASDAQ DLTR opened at $64.56 on Tuesday. Dollar Tree has a one year low of $60.49 and a one year high of $137.14. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. The business’s fifty day moving average price is $71.99 and its 200-day moving average price is $70.80. The stock has a market capitalization of $13.88 billion, a PE ratio of -13.53, a P/E/G ratio of 2.16 and a beta of 0.91.

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.