Citigroup Forecasts Strong Price Appreciation for Dollar Tree (NASDAQ:DLTR) Stock

Dollar Tree (NASDAQ:DLTR) had its price target raised by equities researchers at Citigroup from $64.00 to $76.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s price objective would indicate a potential upside of 5.75% from the company’s current price.

Other analysts also recently issued reports about the stock. Jefferies Financial Group lifted their price objective on shares of Dollar Tree from $70.00 to $75.00 and gave the stock a “hold” rating in a report on Wednesday. Redburn Atlantic upgraded Dollar Tree to a “hold” rating in a report on Monday, September 23rd. Guggenheim decreased their price objective on Dollar Tree from $150.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, September 6th. UBS Group cut their target price on Dollar Tree from $155.00 to $105.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. Finally, KeyCorp cut shares of Dollar Tree from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 7th. Seventeen analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Dollar Tree currently has an average rating of “Hold” and an average price target of $85.58.

Dollar Tree Price Performance

Shares of NASDAQ DLTR opened at $71.87 on Thursday. The firm has a market capitalization of $15.45 billion, a P/E ratio of -15.07, a P/E/G ratio of 2.87 and a beta of 0.92. The company has a quick ratio of 0.17, a current ratio of 1.02 and a debt-to-equity ratio of 0.33. The stock’s 50-day simple moving average is $67.58 and its two-hundred day simple moving average is $87.46. Dollar Tree has a twelve month low of $60.49 and a twelve month high of $151.21.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Wednesday, December 4th. The company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.05. Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. The company had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $7.45 billion. During the same period in the prior year, the business earned $0.97 earnings per share. Dollar Tree’s revenue for the quarter was up 3.5% compared to the same quarter last year. As a group, equities analysts anticipate that Dollar Tree will post 5.35 EPS for the current fiscal year.

Institutional Trading of Dollar Tree

A number of institutional investors have recently modified their holdings of the company. Strategic Financial Concepts LLC bought a new position in Dollar Tree during the 2nd quarter valued at approximately $26,000. Mather Group LLC. grew its position in shares of Dollar Tree by 198.9% in the 2nd quarter. Mather Group LLC. now owns 281 shares of the company’s stock worth $30,000 after buying an additional 187 shares during the last quarter. Eastern Bank purchased a new position in shares of Dollar Tree during the third quarter valued at approximately $34,000. First Horizon Advisors Inc. increased its stake in shares of Dollar Tree by 105.6% during the third quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock valued at $39,000 after buying an additional 284 shares during the period. Finally, Sunbelt Securities Inc. raised its holdings in shares of 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 acquiring an additional 554 shares in the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

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.