Dollar Tree (NASDAQ:DLTR) Price Target Raised to $90.00 at Wells Fargo & Company

Dollar Tree (NASDAQ:DLTR) had its price target hoisted by Wells Fargo & Company from $85.00 to $90.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price would indicate a potential upside of 18.43% from the stock’s current price.

A number of other brokerages have also issued reports on DLTR. JPMorgan Chase & Co. cut their target price on Dollar Tree from $88.00 to $78.00 and set a “neutral” rating on the stock in a research report on Thursday, March 27th. Telsey Advisory Group increased their price objective on shares of Dollar Tree from $75.00 to $82.00 and gave the company a “market perform” rating in a research note on Thursday, March 27th. BMO Capital Markets boosted their target price on shares of Dollar Tree from $65.00 to $70.00 and gave the stock a “market perform” rating in a research report on Thursday, December 5th. Truist Financial dropped their price target on Dollar Tree from $83.00 to $76.00 and set a “buy” rating on the stock in a research report on Tuesday, March 25th. Finally, Citigroup increased their target price on Dollar Tree from $64.00 to $76.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Sixteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $83.68.

Dollar Tree Trading Up 1.2 %

DLTR stock traded up $0.93 during midday trading on Tuesday, hitting $76.00. The stock had a trading volume of 1,205,122 shares, compared to its average volume of 3,634,311. Dollar Tree has a 12-month low of $60.49 and a 12-month high of $137.14. The firm has a market cap of $16.35 billion, a PE ratio of -15.94, a price-to-earnings-growth ratio of 2.16 and a beta of 0.91. The company’s 50-day moving average price is $71.23 and its 200 day moving average price is $70.32. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17.

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

Institutional Investors Weigh In On Dollar Tree

Several institutional investors and hedge funds have recently made changes to their positions in DLTR. Wellington Management Group LLP increased its stake in shares of Dollar Tree by 155.7% in the 4th quarter. Wellington Management Group LLP now owns 77,886 shares of the company’s stock valued at $5,837,000 after buying an additional 47,427 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in Dollar Tree by 21.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 9,105 shares of the company’s stock worth $682,000 after purchasing an additional 1,588 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Dollar Tree during the 4th quarter worth about $8,315,000. Polar Asset Management Partners Inc. raised its holdings 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 purchasing an additional 53,600 shares during the last quarter. Finally, Forum Financial Management LP acquired a new position in Dollar Tree during the 4th quarter valued at about $340,000. 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.