Bank of America Increases Dollar Tree (NASDAQ:DLTR) Price Target to $75.00

Dollar Tree (NASDAQ:DLTR) had its price objective increased by research analysts at Bank of America from $70.00 to $75.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an “underperform” rating on the stock. Bank of America‘s price objective would suggest a potential downside of 25.83% from the company’s current price.

Several other brokerages have also weighed in on DLTR. Truist Financial increased their price objective on shares of Dollar Tree from $127.00 to $129.00 and gave the company a “buy” rating in a research report on Wednesday. Morgan Stanley increased their target price on shares of Dollar Tree from $80.00 to $96.00 and gave the stock an “equal weight” rating in a report on Thursday, June 5th. Guggenheim reissued a “buy” rating and issued a $100.00 target price on shares of Dollar Tree in a report on Thursday, June 5th. Cfra Research raised shares of Dollar Tree to a “hold” rating in a report on Wednesday, May 28th. Finally, Wells Fargo & Company reissued an “overweight” rating on shares of Dollar Tree in a report on Wednesday. Eight equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $106.95.

Dollar Tree Trading Up 0.9%

Shares of DLTR stock opened at $101.12 on Thursday. The company has a quick ratio of 0.72, a current ratio of 1.04 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $20.63 billion, a P/E ratio of -7.45, a P/E/G ratio of 2.11 and a beta of 0.89. Dollar Tree has a 12-month low of $60.49 and a 12-month high of $118.06. The firm has a 50-day moving average price of $110.41 and a 200 day moving average price of $91.07.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Wednesday, September 3rd. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.38 by $0.39. Dollar Tree had a negative net margin of 13.46% and a positive return on equity of 23.52%. The company had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.46 billion. During the same quarter in the previous year, the company earned $0.67 EPS. Dollar Tree’s revenue was up 12.3% on a year-over-year basis. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. Research analysts forecast that Dollar Tree will post 5.39 earnings per share for the current fiscal year.

Dollar Tree announced that its board has authorized a share repurchase plan on Wednesday, July 9th that permits the company to buyback $2.50 billion in shares. This buyback authorization permits the company to reacquire up to 11.5% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.

Institutional Trading of Dollar Tree

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. TD Private Client Wealth LLC increased its position in Dollar Tree by 164.0% during the 2nd quarter. TD Private Client Wealth LLC now owns 264 shares of the company’s stock valued at $26,000 after purchasing an additional 164 shares during the period. Brooklyn Investment Group grew its position in shares of Dollar Tree by 79.0% during the 1st quarter. Brooklyn Investment Group now owns 358 shares of the company’s stock worth $27,000 after buying an additional 158 shares during the period. Zions Bancorporation National Association UT bought a new position in shares of Dollar Tree in the 1st quarter worth $30,000. True Wealth Design LLC lifted its holdings in shares of Dollar Tree by 372.5% in the 2nd quarter. True Wealth Design LLC now owns 378 shares of the company’s stock worth $37,000 after purchasing an additional 298 shares in the last quarter. Finally, MTM Investment Management LLC bought a new position in shares of Dollar Tree in the 2nd quarter worth $42,000. Institutional investors and hedge funds 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.