Dollar Tree, Inc. (DLTR) Receives $105.59 Consensus Target Price from Brokerages

Dollar Tree, Inc. (NASDAQ:DLTR) has received an average recommendation of “Buy” from the thirty-two research firms that are presently covering the company, MarketBeat Ratings reports. Twelve analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $105.59.

DLTR has been the subject of several research reports. Moffett Nathanson initiated coverage on shares of Dollar Tree in a research report on Monday, December 4th. They set a “buy” rating for the company. BidaskClub lowered shares of Dollar Tree from a “buy” rating to a “hold” rating in a research report on Thursday, March 1st. Loop Capital reiterated a “hold” rating and set a $92.00 price objective (down previously from $100.00) on shares of Dollar Tree in a research report on Wednesday, March 7th. BMO Capital Markets lowered their price objective on shares of Dollar Tree from $115.00 to $97.00 and set a “hold” rating for the company in a research report on Thursday, March 8th. Finally, Wells Fargo reiterated an “outperform” rating and set a $138.00 price objective (up previously from $132.00) on shares of Dollar Tree in a research report on Tuesday, January 16th.

DLTR stock traded down $0.37 on Friday, reaching $93.17. 1,005,107 shares of the company traded hands, compared to its average volume of 3,033,646. The stock has a market capitalization of $22,480.47, a PE ratio of 12.94, a price-to-earnings-growth ratio of 1.16 and a beta of 0.80. Dollar Tree has a 52 week low of $65.63 and a 52 week high of $116.65. The company has a quick ratio of 0.49, a current ratio of 1.60 and a debt-to-equity ratio of 0.66.

Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Wednesday, March 7th. The company reported $1.89 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.90 by ($0.01). The company had revenue of $6.36 billion for the quarter, compared to analysts’ expectations of $6.39 billion. Dollar Tree had a net margin of 7.71% and a return on equity of 18.68%. The business’s revenue was up 12.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.36 earnings per share. analysts anticipate that Dollar Tree will post 5.63 earnings per share for the current year.

In related news, Director Conrad M. Hall acquired 10,000 shares of the firm’s stock in a transaction that occurred on Friday, March 9th. The stock was bought at an average price of $91.83 per share, for a total transaction of $918,300.00. Following the acquisition, the director now directly owns 799 shares of the company’s stock, valued at approximately $73,372.17. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Arnold S. Barron sold 6,023 shares of Dollar Tree stock in a transaction dated Tuesday, March 20th. The shares were sold at an average price of $94.49, for a total transaction of $569,113.27. Following the sale, the director now owns 26,667 shares of the company’s stock, valued at approximately $2,519,764.83. The disclosure for this sale can be found here. Company insiders own 4.10% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. DnB Asset Management AS increased its position in Dollar Tree by 2.1% during the 4th quarter. DnB Asset Management AS now owns 24,355 shares of the company’s stock valued at $2,614,000 after purchasing an additional 500 shares during the period. Bronfman E.L. Rothschild L.P. increased its position in Dollar Tree by 38.8% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 1,890 shares of the company’s stock valued at $203,000 after purchasing an additional 528 shares during the period. Global X MANAGEMENT CO LLC increased its position in Dollar Tree by 22.7% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 3,023 shares of the company’s stock valued at $262,000 after purchasing an additional 559 shares during the period. Amalgamated Bank increased its position in Dollar Tree by 2.1% during the 3rd quarter. Amalgamated Bank now owns 27,793 shares of the company’s stock valued at $2,413,000 after purchasing an additional 559 shares during the period. Finally, Advisor Partners LLC increased its position in Dollar Tree by 17.6% during the 4th quarter. Advisor Partners LLC now owns 3,800 shares of the company’s stock valued at $436,000 after purchasing an additional 568 shares during the period. Institutional investors own 90.94% of the company’s stock.

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Dollar Tree Company Profile

Dollar Tree, Inc operates variety retail stores in the United States and Canada. It operates in two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care products, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; various merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods, which include Valentine's Day, Easter, Halloween, and Christmas merchandise.

Analyst Recommendations for Dollar Tree (NASDAQ:DLTR)

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