Dollar Tree, Inc. (NASDAQ:DLTR) Receives $104.80 Average Price Target from Analysts

Dollar Tree, Inc. (NASDAQ:DLTR) has earned a consensus recommendation of “Hold” from the thirty research firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $104.75.

DLTR has been the subject of a number of analyst reports. BMO Capital Markets decreased their target price on shares of Dollar Tree from $105.00 to $102.00 and set a “market perform” rating for the company in a research note on Friday, May 31st. BidaskClub downgraded shares of Dollar Tree from a “buy” rating to a “hold” rating in a research report on Tuesday, July 23rd. Piper Jaffray Companies raised their price target on shares of Dollar Tree from $113.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th. Morgan Stanley reduced their price target on shares of Dollar Tree from $101.00 to $100.00 and set an “equal weight” rating for the company in a research report on Monday, June 3rd. Finally, ValuEngine downgraded shares of Dollar Tree from a “buy” rating to a “hold” rating in a research report on Thursday.

In other news, Director Thomas A. Saunders sold 14,530 shares of Dollar Tree stock in a transaction on Monday, June 24th. The shares were sold at an average price of $111.85, for a total transaction of $1,625,180.50. Following the transaction, the director now owns 2,391,704 shares in the company, valued at approximately $267,512,092.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thomas A. Saunders sold 1,000 shares of Dollar Tree stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $112.37, for a total transaction of $112,370.00. Following the transaction, the director now owns 2,379,315 shares in the company, valued at approximately $267,363,626.55. The disclosure for this sale can be found here. In the last ninety days, insiders sold 75,789 shares of company stock valued at $8,203,018. 1.40% of the stock is currently owned by insiders.

Several institutional investors have recently modified their holdings of DLTR. Parkside Financial Bank & Trust lifted its stake in shares of Dollar Tree by 47.3% during the 1st quarter. Parkside Financial Bank & Trust now owns 302 shares of the company’s stock valued at $32,000 after buying an additional 97 shares in the last quarter. Berman Capital Advisors LLC lifted its stake in shares of Dollar Tree by 52.5% during the 1st quarter. Berman Capital Advisors LLC now owns 305 shares of the company’s stock valued at $32,000 after buying an additional 105 shares in the last quarter. Coastal Investment Advisors Inc. lifted its stake in shares of Dollar Tree by 1,515.0% during the 2nd quarter. Coastal Investment Advisors Inc. now owns 323 shares of the company’s stock valued at $34,000 after buying an additional 303 shares in the last quarter. Bremer Bank National Association purchased a new position in shares of Dollar Tree during the 1st quarter valued at $45,000. Finally, Icon Wealth Partners LLC purchased a new position in shares of Dollar Tree during the 1st quarter valued at $62,000. Institutional investors and hedge funds own 94.37% of the company’s stock.

Shares of NASDAQ DLTR traded down $3.18 on Wednesday, reaching $93.69. 1,087,317 shares of the company’s stock traded hands, compared to its average volume of 1,654,251. Dollar Tree has a 12 month low of $78.78 and a 12 month high of $113.38. The company has a 50 day moving average of $108.65. The stock has a market cap of $23.01 billion, a P/E ratio of 17.19, a price-to-earnings-growth ratio of 1.87 and a beta of 0.52. The company has a current ratio of 1.07, a quick ratio of 0.23 and a debt-to-equity ratio of 1.45.

Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Thursday, May 30th. The company reported $1.14 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.14. Dollar Tree had a negative net margin of 6.43% and a positive return on equity of 19.13%. The business had revenue of $5.81 billion during the quarter, compared to the consensus estimate of $5.78 billion. During the same quarter last year, the firm earned $1.19 earnings per share. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. Analysts expect that Dollar Tree will post 5.19 earnings per share for the current year.

Dollar Tree Company Profile

Dollar Tree, Inc operates discount variety retail stores. It operates through 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, 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, and other items; and seasonal goods that include Valentine's Day, Easter, Halloween, and Christmas merchandise.

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Analyst Recommendations for Dollar Tree (NASDAQ:DLTR)

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