Brokerages Set Dollar Tree, Inc. (NASDAQ:DLTR) Target Price at $122.76

Dollar Tree, Inc. (NASDAQ:DLTR) has earned a consensus rating of “Hold” from the twenty-four analysts that are covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $122.3333.

DLTR has been the topic of several recent research reports. Citigroup cut their target price on Dollar Tree from $132.00 to $125.00 and set a “neutral” rating on the stock in a report on Tuesday, March 17th. Morgan Stanley cut their target price on Dollar Tree from $146.00 to $126.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 17th. Sanford C. Bernstein set a $115.00 target price on Dollar Tree in a report on Tuesday. Weiss Ratings lowered shares of Dollar Tree from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday. Finally, Piper Sandler reiterated a “neutral” rating and issued a $116.00 target price (up from $114.00) on shares of Dollar Tree in a research note on Tuesday, March 17th.

Dollar Tree Trading Down 0.4%

Shares of NASDAQ:DLTR opened at $89.58 on Friday. The firm has a fifty day moving average of $103.74 and a two-hundred day moving average of $114.30. The company has a quick ratio of 0.29, a current ratio of 1.07 and a debt-to-equity ratio of 0.65. Dollar Tree has a 12-month low of $84.71 and a 12-month high of $142.40. The firm has a market capitalization of $17.44 billion, a P/E ratio of 14.33, a price-to-earnings-growth ratio of 1.12 and a beta of 0.61.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Monday, March 16th. The company reported $2.56 earnings per share for the quarter, topping analysts’ consensus estimates of $2.53 by $0.03. The company had revenue of $5.45 billion during the quarter, compared to the consensus estimate of $5.46 billion. Dollar Tree had a return on equity of 32.24% and a net margin of 6.61%.The business’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period last year, the business earned $2.11 EPS. On average, equities analysts expect that Dollar Tree will post 6.75 EPS for the current fiscal year.

Hedge Funds Weigh In On Dollar Tree

A number of institutional investors have recently made changes to their positions in the business. Cetera Investment Advisers lifted its holdings in shares of Dollar Tree by 0.4% during the fourth quarter. Cetera Investment Advisers now owns 21,420 shares of the company’s stock worth $2,635,000 after buying an additional 79 shares during the last quarter. Optimize Financial Inc increased its position in shares of Dollar Tree by 1.4% during the fourth quarter. Optimize Financial Inc now owns 6,000 shares of the company’s stock valued at $738,000 after purchasing an additional 84 shares during the period. Covestor Ltd boosted its position in shares of Dollar Tree by 60.9% during the 4th quarter. Covestor Ltd now owns 222 shares of the company’s stock valued at $27,000 after acquiring an additional 84 shares in the last quarter. Root Financial Partners LLC grew its stake in Dollar Tree by 27.6% during the fourth quarter. Root Financial Partners LLC now owns 393 shares of the company’s stock worth $48,000 after buying an additional 85 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators grew its stake in Dollar Tree by 7.7% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 1,208 shares of the company’s stock worth $149,000 after buying an additional 86 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors.

Dollar Tree Company Profile

Dollar Tree, Inc is a North American discount retailer that operates a portfolio of value-oriented store banners, primarily Dollar Tree and Family Dollar. The company’s stores offer a broad assortment of everyday items at low price points, including household essentials, food and snacks, health and beauty products, cleaning supplies, seasonal and party goods, home décor, and basic apparel. Dollar Tree’s merchandising strategy emphasizes high-turnover branded and private-label merchandise tailored to budget-conscious consumers, with Family Dollar complementing the chain by offering a wider range of price points and assortment depth in smaller-format neighborhood locations.

Founded in 1986 and headquartered in Chesapeake, Virginia, Dollar Tree has grown through both organic store openings and acquisitions.