Dollar Tree's (DLTR) "Market Perform" Rating Reiterated at Telsey Advisory Group

Dollar Tree (NASDAQ:DLTR - Get Free Report)'s stock had its "market perform" rating reaffirmed by equities research analysts at Telsey Advisory Group in a research note issued to investors on Friday,Benzinga reports. They presently have a $75.00 price objective on the stock. Telsey Advisory Group's target price points to a potential upside of 2.82% from the company's previous close.

DLTR has been the topic of several other reports. Melius Research began coverage on shares of Dollar Tree in a research note on Monday, September 23rd. They issued a "hold" rating and a $70.00 price objective on the stock. Piper Sandler reaffirmed 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. KeyCorp downgraded Dollar Tree from an "overweight" rating to a "sector weight" rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. lifted their price target on Dollar Tree from $70.00 to $82.00 and gave the company a "neutral" rating in a research note on Tuesday, November 5th. Finally, Jefferies Financial Group raised their target price on Dollar Tree from $70.00 to $75.00 and gave the company a "hold" rating in a report on Wednesday, December 4th. Seventeen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, Dollar Tree currently has an average rating of "Hold" and an average price target of $85.58.

Dollar Tree Stock Performance

Shares of Dollar Tree stock traded up $3.88 during trading on Friday, reaching $72.94. The company's stock had a trading volume of 6,988,445 shares, compared to its average volume of 3,448,158. 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 firm has a market cap of $15.68 billion, a PE ratio of -15.29, a P/E/G ratio of 2.28 and a beta of 0.92. Dollar Tree has a fifty-two week low of $60.49 and a fifty-two week high of $151.21. The company has a 50-day moving average price of $67.70 and a two-hundred day moving average price of $84.41.

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

Hedge Funds Weigh In On Dollar Tree

Institutional investors and hedge funds have recently modified their holdings of the company. Principal Financial Group Inc. grew its position in shares of Dollar Tree by 0.6% in the third quarter. Principal Financial Group Inc. now owns 232,455 shares of the company's stock valued at $16,346,000 after purchasing an additional 1,485 shares during the period. Tidal Investments LLC increased its position in Dollar Tree by 193.1% during the 3rd quarter. Tidal Investments LLC now owns 20,130 shares of the company's stock worth $1,416,000 after purchasing an additional 13,263 shares in the last quarter. Sanctuary Advisors LLC raised its holdings in Dollar Tree by 37.6% in the third quarter. Sanctuary Advisors LLC now owns 10,041 shares of the company's stock valued at $667,000 after buying an additional 2,745 shares during the period. Sunbelt Securities Inc. lifted its position in Dollar Tree by 738.7% during the third quarter. Sunbelt Securities Inc. now owns 629 shares of the company's stock valued at $44,000 after buying an additional 554 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd grew its stake in Dollar Tree by 59.1% during the third quarter. Y Intercept Hong Kong Ltd now owns 42,718 shares of the company's stock worth $3,004,000 after buying an additional 15,875 shares during the period. Hedge funds and other institutional investors 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.