Wells Fargo & Company Issues Positive Forecast for Dollar Tree (NASDAQ:DLTR) Stock Price

Dollar Tree (NASDAQ:DLTR) had its price target upped by Wells Fargo & Company from $90.00 to $105.00 in a report issued on Monday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

Several other research firms also recently commented on DLTR. JPMorgan Chase & Co. cut their target price on shares of Dollar Tree from $88.00 to $78.00 and set a “neutral” rating on the stock in a research report on Thursday, March 27th. UBS Group lifted their target price on shares of Dollar Tree from $95.00 to $108.00 and gave the stock a “buy” rating in a research report on Thursday, May 29th. Loop Capital reiterated a “hold” rating on shares of Dollar Tree in a research report on Thursday, March 27th. Citigroup upgraded shares of Dollar Tree from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $76.00 to $103.00 in a research report on Monday, April 7th. Finally, Evercore ISI lifted their target price on shares of Dollar Tree from $79.00 to $85.00 and gave the stock an “in-line” rating in a research report on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $85.42.

Dollar Tree Trading Up 1.1%

DLTR opened at $91.24 on Monday. The company’s 50 day moving average is $80.95 and its 200-day moving average is $74.67. Dollar Tree has a 1-year low of $60.49 and a 1-year high of $121.92. 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 company has a market cap of $19.62 billion, a P/E ratio of -19.13, a PEG ratio of 2.16 and a beta of 0.87.

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

Insider Activity at Dollar Tree

In related news, Director William W. Douglas III bought 701 shares of the company’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were bought at an average price of $75.00 per share, for a total transaction of $52,575.00. Following the transaction, the director now directly owns 1,377 shares of the company’s stock, valued at approximately $103,275. The trade was a 103.70% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Aditya Maheshwari sold 1,238 shares of the business’s stock in a transaction on Monday, April 14th. The shares were sold at an average price of $74.70, for a total transaction of $92,478.60. Following the transaction, the chief accounting officer now owns 4,231 shares in the company, valued at $316,055.70. The trade was a 22.64% decrease in their position. The disclosure for this sale can be found here. 6.60% of the stock is owned by corporate insiders.

Institutional Trading of Dollar Tree

A number of hedge funds and other institutional investors have recently bought and sold shares of DLTR. Blue Trust Inc. increased its stake in Dollar Tree by 47.8% during the 4th quarter. Blue Trust Inc. now owns 1,429 shares of the company’s stock valued at $100,000 after purchasing an additional 462 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in Dollar Tree by 26.1% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 22,524 shares of the company’s stock valued at $1,688,000 after purchasing an additional 4,662 shares in the last quarter. Caprock Group LLC bought a new stake in Dollar Tree during the 4th quarter valued at $382,000. Tokio Marine Asset Management Co. Ltd. increased its stake in Dollar Tree by 19.0% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,235 shares of the company’s stock valued at $542,000 after purchasing an additional 1,157 shares in the last quarter. Finally, HHM Wealth Advisors LLC bought a new stake in Dollar Tree during the 4th quarter valued at $61,000. Institutional investors own 97.40% of the company’s stock.

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.