Dollar Tree (NASDAQ:DLTR) Price Target Raised to $96.00

Dollar Tree (NASDAQ:DLTR) had its price target increased by Morgan Stanley from $80.00 to $96.00 in a report issued on Thursday morning,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

A number of other brokerages also recently weighed in on DLTR. BMO Capital Markets lifted their target price on shares of Dollar Tree from $80.00 to $85.00 and gave the stock a “market perform” rating in a research note on Thursday. Guggenheim reiterated a “buy” rating and set a $100.00 price target on shares of Dollar Tree in a report on Thursday. Loop Capital reissued a “hold” rating on shares of Dollar Tree in a research note on Thursday, March 27th. Wells Fargo & Company set a $105.00 target price on Dollar Tree and gave the company an “overweight” rating in a research report on Monday, June 2nd. Finally, Sanford C. Bernstein set a $82.00 target price on Dollar Tree and gave the stock a “market perform” rating in a research note on Monday, May 5th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $90.26.

Dollar Tree Price Performance

Shares of DLTR opened at $94.50 on Thursday. The business has a 50-day moving average of $82.48 and a 200-day moving average of $75.42. 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 company has a market capitalization of $20.33 billion, a price-to-earnings ratio of -19.81, a price-to-earnings-growth ratio of 2.16 and a beta of 0.84. Dollar Tree has a 1 year low of $60.49 and a 1 year high of $111.96.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Wednesday, June 4th. The company reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.05. The business had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.52 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 11.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.43 EPS. As a group, equities research analysts anticipate that Dollar Tree will post 5.39 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director William W. Douglas III bought 701 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were bought at an average cost of $75.00 per share, with a total value of $52,575.00. Following the completion of the transaction, the director now directly owns 1,377 shares of the company’s stock, valued at $103,275. This trade represents a 103.70% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Aditya Maheshwari sold 1,238 shares of the stock in a transaction on Monday, April 14th. The stock was sold at an average price of $74.70, for a total value of $92,478.60. Following the completion of the transaction, the chief accounting officer now owns 4,231 shares in the company, valued at approximately $316,055.70. This represents a 22.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 6.60% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Assetmark Inc. increased its position in shares of Dollar Tree by 74.1% during the fourth quarter. Assetmark Inc. now owns 350 shares of the company’s stock worth $26,000 after acquiring an additional 149 shares in the last quarter. Bessemer Group Inc. boosted its stake in Dollar Tree by 34,600.0% during the 4th quarter. Bessemer Group Inc. now owns 347 shares of the company’s stock valued at $26,000 after purchasing an additional 346 shares during the last quarter. Brooklyn Investment Group increased its holdings in Dollar Tree by 79.0% during the 1st quarter. Brooklyn Investment Group now owns 358 shares of the company’s stock worth $27,000 after purchasing an additional 158 shares in the last quarter. Zions Bancorporation National Association UT purchased a new stake in shares of Dollar Tree in the first quarter worth approximately $30,000. Finally, Parkside Financial Bank & Trust raised its stake in shares of Dollar Tree by 120.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 424 shares of the company’s stock worth $32,000 after purchasing an additional 232 shares during the last quarter. 97.40% of the stock is owned by institutional investors.

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.