Dollar Tree, Inc. (NASDAQ:DLTR) Receives $84.79 Consensus Target Price from Analysts

Dollar Tree, Inc. (NASDAQ:DLTR - Get Free Report) has been assigned a consensus rating of "Hold" from the twenty research firms that are currently covering the company, Marketbeat.com reports. Fifteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $84.79.

A number of equities analysts recently commented on the stock. Wells Fargo & Company lowered their target price on shares of Dollar Tree from $100.00 to $85.00 and set an "overweight" rating for the company in a research note on Friday, March 7th. Piper Sandler reiterated a "neutral" rating and issued a $72.00 price objective (up previously from $67.00) on shares of Dollar Tree in a report on Thursday, December 5th. Citigroup boosted their target price on Dollar Tree from $64.00 to $76.00 and gave the stock a "neutral" rating in a research note on Thursday, December 5th. Telsey Advisory Group reiterated a "market perform" rating and issued a $75.00 price target on shares of Dollar Tree in a research note on Thursday, March 6th. Finally, BMO Capital Markets boosted their price objective 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.

Institutional Investors Weigh In On Dollar Tree

A number of hedge funds and other institutional investors have recently bought and sold shares of DLTR. Farther Finance Advisors LLC lifted its stake in shares of Dollar Tree by 374.4% in the third quarter. Farther Finance Advisors LLC now owns 2,277 shares of the company's stock valued at $160,000 after purchasing an additional 1,797 shares during the period. Robeco Institutional Asset Management B.V. lifted its position in shares of Dollar Tree by 20.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 17,862 shares of the company's stock valued at $1,256,000 after acquiring an additional 3,085 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Dollar Tree by 0.6% during the 3rd quarter. Principal Financial Group Inc. now owns 232,455 shares of the company's stock worth $16,346,000 after acquiring an additional 1,485 shares in the last quarter. SpiderRock Advisors LLC purchased a new stake in shares of Dollar Tree during the 3rd quarter worth approximately $489,000. Finally, Atria Investments Inc grew its holdings in shares of Dollar Tree by 16.4% in the 3rd quarter. Atria Investments Inc now owns 15,927 shares of the company's stock worth $1,120,000 after acquiring an additional 2,244 shares during the period. Institutional investors and hedge funds own 97.40% of the company's stock.

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Dollar Tree Stock Down 2.0 %

DLTR traded down $1.31 on Tuesday, hitting $64.39. 1,460,658 shares of the company were exchanged, compared to its average volume of 3,441,187. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32. The company has a market cap of $13.84 billion, a price-to-earnings ratio of -13.50, a price-to-earnings-growth ratio of 2.16 and a beta of 0.91. The firm has a 50-day moving average price of $72.63 and a two-hundred day moving average price of $71.29. Dollar Tree has a twelve month low of $60.49 and a twelve month high of $150.74.

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.