Morgan Stanley Increases Dollar Tree (NASDAQ:DLTR) Price Target to $160.00

Dollar Tree (NASDAQ:DLTRGet Rating) had its target price hoisted by stock analysts at Morgan Stanley from $150.00 to $160.00 in a report issued on Friday, The Fly reports. Morgan Stanley’s price objective suggests a potential downside of 1.72% from the stock’s previous close.

Other equities analysts have also issued research reports about the stock. BMO Capital Markets upgraded shares of Dollar Tree from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $155.00 to $170.00 in a research report on Monday, February 28th. Truist Financial dropped their price objective on shares of Dollar Tree from $165.00 to $147.00 and set a “hold” rating for the company in a report on Thursday, May 19th. Guggenheim lifted their target price on Dollar Tree from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, March 3rd. Piper Sandler increased their price target on Dollar Tree from $181.00 to $191.00 in a research note on Friday. Finally, JPMorgan Chase & Co. increased their target price on Dollar Tree from $169.00 to $181.00 and gave the company an “overweight” rating in a research report on Tuesday, February 22nd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $152.60.

Shares of Dollar Tree stock opened at $162.80 on Friday. Dollar Tree has a fifty-two week low of $84.26 and a fifty-two week high of $177.19. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.30 and a current ratio of 1.34. The company has a market capitalization of $36.72 billion, a P/E ratio of 28.07, a P/E/G ratio of 1.11 and a beta of 0.70. The company has a fifty day moving average of $159.05 and a 200 day moving average of $144.81.

Dollar Tree (NASDAQ:DLTRGet Rating) last announced its quarterly earnings data on Thursday, May 26th. The company reported $2.37 EPS for the quarter, beating the consensus estimate of $2.00 by $0.37. Dollar Tree had a return on equity of 18.07% and a net margin of 5.05%. The business had revenue of $6.90 billion for the quarter, compared to the consensus estimate of $6.77 billion. During the same period in the previous year, the business earned $1.60 earnings per share. The business’s revenue was up 6.5% on a year-over-year basis. Analysts forecast that Dollar Tree will post 7.86 EPS for the current year.

In related news, Director Daniel J. Heinrich purchased 425 shares of the firm’s stock in a transaction dated Monday, March 28th. The stock was purchased at an average price 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 is accessible through this link. Also, insider David A. Jacobs sold 542 shares of the business’s stock in a transaction that occurred on 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 owns 17,085 shares of the company’s stock, valued at approximately $2,698,404.90. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by company insiders.

A number of institutional investors have recently modified their holdings of the business. Mercer Global Advisors Inc. ADV raised its position in shares of Dollar Tree by 157.3% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 10,420 shares of the company’s stock worth $997,000 after acquiring an additional 6,370 shares in the last quarter. First Republic Investment Management Inc. boosted its holdings in shares of Dollar Tree by 2.8% in the 3rd quarter. First Republic Investment Management Inc. now owns 22,838 shares of the company’s stock valued at $2,186,000 after buying an additional 623 shares in the last quarter. Vident Investment Advisory LLC grew its position in shares of Dollar Tree by 19.0% in the 3rd quarter. Vident Investment Advisory LLC now owns 18,182 shares of the company’s stock worth $1,741,000 after buying an additional 2,903 shares during the last quarter. Geode Capital Management LLC boosted its stake in Dollar Tree by 3.3% in the third quarter. Geode Capital Management LLC now owns 4,245,060 shares of the company’s stock valued at $405,290,000 after acquiring an additional 134,449 shares in the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new position in shares of Dollar Tree during the third quarter worth $1,713,000. Institutional investors own 98.54% of the company’s stock.

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.

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