Truist Financial Increases Dollar Tree (NASDAQ:DLTR) Price Target to $178.00

Dollar Tree (NASDAQ:DLTRGet Rating) had its price target boosted by analysts at Truist Financial to $178.00 in a research report issued to clients and investors on Friday, Stock Target Advisor reports. Truist Financial’s price target points to a potential upside of 9.05% from the company’s previous close.

Other analysts have also issued reports about the stock. Guggenheim boosted their target price on shares of Dollar Tree to $185.00 in a research report on Friday. Barclays upped their price objective on Dollar Tree from $140.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Friday. Loop Capital upgraded Dollar Tree from a “hold” rating to a “buy” rating and upped their price target for the stock from $140.00 to $200.00 in a research report on Wednesday, March 9th. Telsey Advisory Group cut their price objective on Dollar Tree from $180.00 to $160.00 and set an “outperform” rating for the company in a research note on Tuesday. Finally, Morgan Stanley lifted their price target on shares of Dollar Tree from $150.00 to $160.00 and gave the company an “equal weight” rating in a report on Friday. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $155.50.

Shares of DLTR traded up $0.43 during trading hours on Friday, hitting $163.23. The stock had a trading volume of 136,722 shares, compared to its average volume of 2,629,837. The firm has a market capitalization of $36.82 billion, a PE ratio of 28.13, a PEG ratio of 1.11 and a beta of 0.70. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.34 and a quick ratio of 0.30. Dollar Tree has a 12 month low of $84.26 and a 12 month high of $177.19. The stock has a fifty day moving average price of $159.05 and a 200 day moving average price of $144.81.

Dollar Tree (NASDAQ:DLTRGet Rating) last announced its earnings results on Thursday, May 26th. The company reported $2.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.00 by $0.37. The business had revenue of $6.90 billion for the quarter, compared to analysts’ expectations of $6.77 billion. Dollar Tree had a return on equity of 18.07% and a net margin of 5.05%. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period last year, the firm posted $1.60 earnings per share. As a group, analysts anticipate that Dollar Tree will post 7.86 EPS for the current fiscal year.

In other Dollar Tree news, insider David A. Jacobs sold 542 shares of Dollar Tree stock in a transaction 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 transaction, the insider now directly owns 17,085 shares of the company’s stock, valued at approximately $2,698,404.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Daniel J. Heinrich bought 425 shares of Dollar Tree stock in a transaction dated Monday, March 28th. The stock was acquired at an average price of $156.09 per share, for a total transaction of $66,338.25. The disclosure for this purchase can be found here. Company insiders own 1.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of DLTR. Bridgewater Advisors Inc. raised its position in Dollar Tree by 2.3% during the first quarter. Bridgewater Advisors Inc. now owns 2,916 shares of the company’s stock valued at $467,000 after purchasing an additional 66 shares during the period. Morris Capital Advisors LLC increased its position in shares of Dollar Tree by 0.4% during the 4th quarter. Morris Capital Advisors LLC now owns 19,179 shares of the company’s stock valued at $2,695,000 after purchasing an additional 73 shares during the last quarter. FNY Investment Advisers LLC raised its holdings in Dollar Tree by 7.8% during the 1st quarter. FNY Investment Advisers LLC now owns 1,059 shares of the company’s stock valued at $169,000 after buying an additional 77 shares during the period. Elo Mutual Pension Insurance Co raised its holdings in Dollar Tree by 0.4% during the 1st quarter. Elo Mutual Pension Insurance Co now owns 17,692 shares of the company’s stock valued at $2,833,000 after buying an additional 77 shares during the period. Finally, Fortis Capital Management LLC lifted its position in Dollar Tree by 1.1% in the fourth quarter. Fortis Capital Management LLC now owns 8,392 shares of the company’s stock worth $1,179,000 after buying an additional 89 shares during the last quarter. 98.54% of the stock is currently owned by 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.

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