Dollar Tree, Inc. (NASDAQ:DLTR) Given Consensus Rating of “Buy” by Analysts

Dollar Tree, Inc. (NASDAQ:DLTRGet Rating) has earned a consensus recommendation of “Buy” from the twenty-two ratings firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and fifteen have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $153.95.

Several equities analysts recently weighed in on the company. StockNews.com raised Dollar Tree from a “hold” rating to a “buy” rating in a research note on Friday, May 13th. Deutsche Bank Aktiengesellschaft raised their price objective on Dollar Tree from $171.00 to $176.00 and gave the company a “buy” rating in a research note on Monday, February 28th. Guggenheim raised their price objective on Dollar Tree from $165.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, March 3rd. Truist Financial dropped their price objective on Dollar Tree from $165.00 to $147.00 and set a “hold” rating for the company in a research note on Thursday. Finally, Loop Capital raised Dollar Tree from a “hold” rating to a “buy” rating and raised their price target for the stock from $140.00 to $200.00 in a research report on Wednesday, March 9th.

Dollar Tree stock opened at $127.88 on Friday. Dollar Tree has a twelve month low of $84.26 and a twelve month high of $177.19. The stock has a 50 day moving average of $160.22 and a two-hundred day moving average of $144.02. The company has a current ratio of 1.34, a quick ratio of 0.30 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $28.85 billion, a price-to-earnings ratio of 22.05, a PEG ratio of 1.11 and a beta of 0.70.

Dollar Tree (NASDAQ:DLTRGet Rating) last posted its quarterly earnings data on Wednesday, March 2nd. The company reported $2.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.79 by $0.22. The company had revenue of $7.08 billion during the quarter, compared to analysts’ expectations of $7.12 billion. Dollar Tree had a return on equity of 18.07% and a net margin of 5.05%. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period last year, the firm earned $2.13 EPS. Equities analysts predict that Dollar Tree will post 7.86 earnings per share for the current year.

In other news, Director Daniel J. Heinrich acquired 425 shares of the stock in a transaction that occurred on Monday, March 28th. The stock was purchased at an average cost of $156.09 per share, with a total value of $66,338.25. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David A. Jacobs sold 542 shares of the business’s stock in a transaction dated Thursday, April 7th. The shares were sold at an average price of $157.94, for a total value of $85,603.48. Following the completion of the sale, the insider now directly owns 17,085 shares of the company’s stock, valued at $2,698,404.90. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.

A number of institutional investors have recently made changes to their positions in DLTR. Mantle Ridge LP grew its holdings in shares of Dollar Tree by 11,365,431.0% during the first quarter. Mantle Ridge LP now owns 11,365,531 shares of the company’s stock valued at $1,820,190,000 after purchasing an additional 11,365,431 shares during the last quarter. EdgePoint Investment Group Inc. bought a new position in shares of Dollar Tree during the fourth quarter valued at approximately $646,253,000. Capital World Investors bought a new position in shares of Dollar Tree during the fourth quarter valued at approximately $553,637,000. Winslow Capital Management LLC bought a new position in shares of Dollar Tree during the first quarter valued at approximately $428,709,000. Finally, Canada Pension Plan Investment Board grew its holdings in shares of Dollar Tree by 161.3% during the fourth quarter. Canada Pension Plan Investment Board now owns 4,318,151 shares of the company’s stock valued at $606,787,000 after purchasing an additional 2,665,651 shares during the last quarter. 98.54% of the stock is owned by hedge funds and other institutional investors.

About Dollar Tree (Get Rating)

Dollar Tree, Inc operates discount variety retail stores. It 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, including candy and food, and health and personal care, as well as everyday consumables, such as household paper and chemicals, 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.

Recommended Stories

Analyst Recommendations for Dollar Tree (NASDAQ:DLTR)

Receive News & Ratings for Dollar Tree Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar Tree and related companies with MarketBeat.com's FREE daily email newsletter.