Dollar Tree, Inc. (NASDAQ:DLTR) Receives $85.58 Consensus Target Price from Analysts

Shares of Dollar Tree, Inc. (NASDAQ:DLTR - Get Free Report) have been assigned a consensus rating of "Hold" from the twenty-one research firms that are presently covering the stock, MarketBeat reports. Sixteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $85.58.

Several equities research analysts have recently weighed in on the stock. StockNews.com raised shares of Dollar Tree from a "sell" rating to a "hold" rating in a research report on Thursday, December 5th. BMO Capital Markets upped their price target on shares of Dollar Tree from $65.00 to $70.00 and gave the stock a "market perform" rating in a research report on Thursday, December 5th. Piper Sandler reaffirmed a "neutral" rating and issued a $72.00 price target (up previously from $67.00) on shares of Dollar Tree in a research report on Thursday, December 5th. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $75.00 price target on shares of Dollar Tree in a research report on Friday, December 20th. Finally, Guggenheim decreased their target price on shares of Dollar Tree from $120.00 to $100.00 and set a "buy" rating for the company in a research report on Friday, December 6th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Kovitz Investment Group Partners LLC raised its holdings in shares of Dollar Tree by 382.7% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 6,524,870 shares of the company's stock worth $488,974,000 after purchasing an additional 5,173,238 shares during the last quarter. Marshall Wace LLP raised its holdings in shares of Dollar Tree by 784.2% during the fourth quarter. Marshall Wace LLP now owns 4,377,366 shares of the company's stock worth $328,040,000 after purchasing an additional 3,882,324 shares during the last quarter. Balyasny Asset Management L.P. raised its holdings in shares of Dollar Tree by 2,489.9% during the fourth quarter. Balyasny Asset Management L.P. now owns 2,621,456 shares of the company's stock worth $196,452,000 after purchasing an additional 2,520,237 shares during the last quarter. Norges Bank purchased a new position in Dollar Tree in the fourth quarter valued at $171,149,000. Finally, Capital International Investors increased its holdings in Dollar Tree by 30.1% in the fourth quarter. Capital International Investors now owns 8,753,693 shares of the company's stock valued at $656,000,000 after buying an additional 2,023,819 shares in the last quarter. Hedge funds and other institutional investors own 97.40% of the company's stock.

Dollar Tree Trading Down 0.6 %

Dollar Tree stock traded down $0.45 during trading hours on Friday, hitting $71.56. The company had a trading volume of 1,515,706 shares, compared to its average volume of 2,529,005. The firm has a market cap of $15.38 billion, a P/E ratio of -15.00, a P/E/G ratio of 2.11 and a beta of 0.89. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. Dollar Tree has a 1 year low of $60.49 and a 1 year high of $151.21. The company has a 50-day moving average price of $72.82 and a two-hundred day moving average price of $74.29.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last released its quarterly earnings data on Wednesday, December 4th. The company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.05. The company had revenue of $7.57 billion during the quarter, compared to analysts' expectations of $7.45 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The firm's quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.97 EPS. On average, sell-side analysts anticipate that Dollar Tree will post 5.39 earnings per share for the current year.

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.