Analysts Set Dollar Tree, Inc. (NASDAQ:DLTR) PT at $85.58

Dollar Tree, Inc. (NASDAQ:DLTR - Get Free Report) has received a consensus rating of "Hold" from the twenty-one research firms that are covering the firm, Marketbeat Ratings reports. Sixteen investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $85.58.

Several research analysts have issued reports on the company. Evercore ISI dropped their price target on Dollar Tree from $94.00 to $92.00 and set an "in-line" rating on the stock in a report on Tuesday, December 3rd. StockNews.com upgraded Dollar Tree from a "sell" rating to a "hold" rating in a research report on Thursday, December 5th. The Goldman Sachs Group reduced their price objective on shares of Dollar Tree from $145.00 to $90.00 and set a "buy" rating for the company in a research note on Tuesday, September 10th. Barclays cut their price target on shares of Dollar Tree from $128.00 to $81.00 and set an "equal weight" rating on the stock in a report on Thursday, September 5th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Dollar Tree from $70.00 to $82.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 5th.

Dollar Tree Price Performance

DLTR stock traded up $2.81 during trading hours on Thursday, hitting $76.19. 2,665,812 shares of the stock traded hands, compared to its average volume of 3,433,492. The stock has a 50-day simple moving average of $68.14 and a 200 day simple moving average of $83.00. The company has a market cap of $16.38 billion, a P/E ratio of -15.97, a P/E/G ratio of 2.28 and a beta of 0.92. Dollar Tree has a one year low of $60.49 and a one year high of $151.21. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32.

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

Institutional Investors Weigh In On Dollar Tree

Several institutional investors and hedge funds have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Dollar Tree by 17.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 42,582 shares of the company's stock valued at $4,546,000 after acquiring an additional 6,239 shares during the last quarter. UMB Bank n.a. raised its position in shares of Dollar Tree by 52.0% in the second quarter. UMB Bank n.a. now owns 535 shares of the company's stock valued at $57,000 after purchasing an additional 183 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in shares of Dollar Tree by 220.7% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 65,175 shares of the company's stock worth $6,959,000 after buying an additional 44,852 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Dollar Tree by 1.2% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 19,586 shares of the company's stock worth $2,091,000 after buying an additional 237 shares during the period. Finally, Intact Investment Management Inc. grew its stake in Dollar Tree by 98.7% in the 2nd quarter. Intact Investment Management Inc. now owns 8,940 shares of the company's stock valued at $955,000 after buying an additional 4,440 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company's stock.

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.