Dollar Tree (NASDAQ:DLTR) Earns Market Perform Rating from Telsey Advisory Group

Telsey Advisory Group reaffirmed their market perform rating on shares of Dollar Tree (NASDAQ:DLTR - Free Report) in a research note published on Thursday,Benzinga reports. Telsey Advisory Group currently has a $75.00 price target on the stock.

Several other research analysts have also commented on the stock. Piper Sandler reaffirmed a "neutral" rating and issued a $72.00 price target (up from $67.00) on shares of Dollar Tree in a report on Thursday, December 5th. StockNews.com upgraded shares of Dollar Tree from a "sell" rating to a "hold" rating in a research report on Thursday, December 5th. KeyCorp downgraded Dollar Tree from an "overweight" rating to a "sector weight" rating in a research note on Thursday, November 7th. Jefferies Financial Group increased their price objective on Dollar Tree from $70.00 to $75.00 and gave the stock a "hold" rating in a report on Wednesday, December 4th. Finally, Citigroup upped their target price on Dollar Tree from $64.00 to $76.00 and gave the stock a "neutral" rating in a report on Thursday, December 5th. Sixteen research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Dollar Tree presently has a consensus rating of "Hold" and a consensus price target of $84.79.

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Dollar Tree Stock Down 2.2 %

Shares of DLTR stock traded down $1.55 during trading hours on Thursday, reaching $67.44. 2,999,864 shares of the company's stock were exchanged, compared to its average volume of 3,447,040. The stock's 50 day moving average is $72.96 and its 200-day moving average is $71.73. 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 $14.50 billion, a price-to-earnings ratio of -14.14, a P/E/G ratio of 2.16 and a beta of 0.91. Dollar Tree has a fifty-two week low of $60.49 and a fifty-two week high of $150.74.

Institutional Trading of Dollar Tree

Large investors have recently bought and sold shares of the business. Assetmark Inc. raised its holdings in Dollar Tree by 74.1% during the fourth quarter. Assetmark Inc. now owns 350 shares of the company's stock worth $26,000 after purchasing an additional 149 shares during the last quarter. Bessemer Group Inc. increased its stake in Dollar Tree by 34,600.0% during the 4th quarter. Bessemer Group Inc. now owns 347 shares of the company's stock worth $26,000 after buying an additional 346 shares during the period. Versant Capital Management Inc bought a new position in shares of Dollar Tree during the fourth quarter worth about $30,000. Parkside Financial Bank & Trust raised its position in shares of Dollar Tree by 120.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 424 shares of the company's stock worth $32,000 after purchasing an additional 232 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised its stake in Dollar Tree by 91.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company's stock valued at $33,000 after acquiring an additional 210 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company's stock.

Dollar Tree Company Profile

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.