Telsey Advisory Group Issues Positive Forecast for Dollar Tree (NASDAQ:DLTR) Stock Price

Dollar Tree (NASDAQ:DLTR) had its price target boosted by Telsey Advisory Group from $82.00 to $95.00 in a research report sent to investors on Tuesday, Marketbeat Ratings reports. They currently have a market perform rating on the stock.

DLTR has been the subject of several other research reports. Wells Fargo & Company raised their target price on shares of Dollar Tree from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Tuesday, April 1st. UBS Group reduced their price objective on Dollar Tree from $105.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, March 21st. Loop Capital reissued a “hold” rating on shares of Dollar Tree in a report on Thursday, March 27th. Guggenheim reaffirmed a “buy” rating and set a $100.00 target price (up from $95.00) on shares of Dollar Tree in a report on Monday, May 5th. Finally, Sanford C. Bernstein set a $82.00 price target on Dollar Tree and gave the company a “market perform” rating in a research report on Monday, May 5th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $83.37.

Dollar Tree Trading Up 2.5%

NASDAQ DLTR opened at $90.36 on Tuesday. Dollar Tree has a 12-month low of $60.49 and a 12-month high of $121.92. The company has a fifty day simple moving average of $79.18 and a two-hundred day simple moving average of $73.86. 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 stock has a market cap of $19.43 billion, a P/E ratio of -18.94, a P/E/G ratio of 2.16 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.09). The firm had revenue of $5 billion during the quarter, compared to analysts’ expectations of $8.23 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The business’s revenue was up .7% on a year-over-year basis. During the same quarter last year, the business earned $2.55 EPS. On average, analysts forecast that Dollar Tree will post 5.39 earnings per share for the current year.

Insider Activity

In other news, Director William W. Douglas III bought 701 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The shares were acquired at an average price of $75.00 per share, for a total transaction of $52,575.00. Following the completion of the transaction, the director now directly owns 1,377 shares in the company, valued at $103,275. The trade was a 103.70% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Aditya Maheshwari sold 1,238 shares of the stock in a transaction on Monday, April 14th. The shares were sold at an average price of $74.70, for a total value of $92,478.60. Following the completion of the transaction, the chief accounting officer now directly owns 4,231 shares of the company’s stock, valued at approximately $316,055.70. This represents a 22.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 6.60% of the company’s stock.

Institutional Investors Weigh In On Dollar Tree

A number of hedge funds have recently modified their holdings of the business. Bessemer Group Inc. raised its holdings in Dollar Tree by 34,600.0% in the 4th quarter. Bessemer Group Inc. now owns 347 shares of the company’s stock valued at $26,000 after acquiring an additional 346 shares during the last quarter. Assetmark Inc. grew its position in shares of Dollar Tree by 74.1% in the fourth quarter. Assetmark Inc. now owns 350 shares of the company’s stock valued at $26,000 after purchasing an additional 149 shares in the last quarter. Brooklyn Investment Group increased its holdings in shares of Dollar Tree by 79.0% in the first quarter. Brooklyn Investment Group now owns 358 shares of the company’s stock valued at $27,000 after purchasing an additional 158 shares during the last quarter. Zions Bancorporation National Association UT purchased a new position in Dollar Tree during the first quarter worth approximately $30,000. Finally, Parkside Financial Bank & Trust boosted its stake in Dollar Tree by 120.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 424 shares of the company’s stock worth $32,000 after buying an additional 232 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

About Dollar Tree

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.