Dollar Tree (NASDAQ:DLTR) Given a $170.00 Price Target at Truist Financial

Truist Financial set a $170.00 price target on Dollar Tree (NASDAQ:DLTRGet Rating) in a research note issued to investors on Thursday, Stock Target Advisor reports.

Other research analysts have also recently issued research reports about the company. UBS Group raised their target price on Dollar Tree from $171.00 to $177.00 in a research note on Wednesday. Morgan Stanley reduced their target price on shares of Dollar Tree from $160.00 to $145.00 and set an equal weight rating on the stock in a research report on Friday, August 26th. Telsey Advisory Group lowered their price target on shares of Dollar Tree from $185.00 to $170.00 and set an outperform rating for the company in a research report on Friday, August 26th. Gordon Haskett set a $163.00 price objective on shares of Dollar Tree in a report on Tuesday. Finally, StockNews.com initiated coverage on shares of Dollar Tree in a research note on Wednesday, October 12th. They set a hold rating for the company. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Dollar Tree presently has an average rating of Moderate Buy and a consensus target price of $172.13.

Dollar Tree Stock Down 1.5 %

Shares of Dollar Tree stock opened at $150.14 on Thursday. The company has a current ratio of 1.38, a quick ratio of 0.22 and a debt-to-equity ratio of 0.41. Dollar Tree has a 12-month low of $123.62 and a 12-month high of $177.19. The company has a market cap of $33.62 billion, a P/E ratio of 20.91, a PEG ratio of 1.32 and a beta of 0.73. The company’s fifty day simple moving average is $148.69 and its two-hundred day simple moving average is $153.94.

Dollar Tree (NASDAQ:DLTRGet Rating) last announced its quarterly earnings results on Tuesday, November 22nd. The company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.02. Dollar Tree had a net margin of 5.84% and a return on equity of 19.82%. The company had revenue of $6.94 billion for the quarter, compared to analysts’ expectations of $6.84 billion. During the same quarter in the previous year, the company earned $0.96 earnings per share. Dollar Tree’s quarterly revenue was up 8.1% on a year-over-year basis. Research analysts anticipate that Dollar Tree will post 7.17 EPS for the current year.

Institutional Investors Weigh In On Dollar Tree

Institutional investors have recently modified their holdings of the business. Ellevest Inc. grew its stake in shares of Dollar Tree by 452.8% in the second quarter. Ellevest Inc. now owns 199 shares of the company’s stock worth $31,000 after acquiring an additional 163 shares during the period. Karlinski Andrew C purchased a new stake in Dollar Tree in the first quarter worth approximately $32,000. Providence Capital Advisors LLC grew its position in Dollar Tree by 95.2% in the 1st quarter. Providence Capital Advisors LLC now owns 203 shares of the company’s stock worth $33,000 after purchasing an additional 99 shares during the period. Newbridge Financial Services Group Inc. raised its stake in Dollar Tree by 517.1% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 216 shares of the company’s stock valued at $34,000 after buying an additional 181 shares during the last quarter. Finally, Alpha Paradigm Partners LLC bought a new position in shares of Dollar Tree during the 3rd quarter valued at $35,000. 95.04% of the stock is owned by hedge funds and other institutional investors.

About Dollar Tree

(Get Rating)

Dollar Tree, Inc operates discount variety retail stores. It 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, including candy and food, and health and personal care, as well as everyday consumables, such as household paper and chemicals, 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.

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Analyst Recommendations for Dollar Tree (NASDAQ:DLTR)

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