Citigroup Issues Pessimistic Forecast for Dollar Tree (NASDAQ:DLTR) Stock Price

Dollar Tree (NASDAQ:DLTR) had its price target cut by equities researchers at Citigroup from $130.00 to $124.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s price objective would indicate a potential upside of 22.63% from the stock’s previous close.

Several other equities analysts have also recently issued reports on DLTR. Wells Fargo & Company reissued an “overweight” rating on shares of Dollar Tree in a report on Wednesday. Gordon Haskett cut Dollar Tree from a “hold” rating to a “reduce” rating and set a $95.00 price objective for the company. in a report on Wednesday. UBS Group reissued a “buy” rating and issued a $140.00 price objective on shares of Dollar Tree in a report on Tuesday, August 26th. JPMorgan Chase & Co. boosted their price objective on Dollar Tree from $138.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Cfra Research raised Dollar Tree to a “hold” rating in a report on Wednesday, May 28th. Eight investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $106.95.

Dollar Tree Stock Performance

Shares of DLTR opened at $101.12 on Thursday. The stock has a 50-day moving average of $110.41 and a two-hundred day moving average of $91.07. Dollar Tree has a one year low of $60.49 and a one year high of $118.06. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.72 and a current ratio of 1.04. The stock has a market cap 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 (NASDAQ:DLTR) last issued its quarterly earnings data on Wednesday, September 3rd. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.39. The business had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.46 billion. Dollar Tree had a positive return on equity of 23.52% and a negative net margin of 13.46%.The company’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.67 EPS. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. As a group, research analysts predict that Dollar Tree will post 5.39 EPS for the current year.

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

Institutional Investors Weigh In On Dollar Tree

Several large investors have recently bought and sold shares of DLTR. Price T Rowe Associates Inc. MD increased its stake in Dollar Tree by 69.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,848,196 shares of the company’s stock worth $439,025,000 after buying an additional 2,400,586 shares in the last quarter. Alliancebernstein L.P. increased its stake in Dollar Tree by 176.9% during the 2nd quarter. Alliancebernstein L.P. now owns 3,746,222 shares of the company’s stock worth $371,026,000 after buying an additional 2,393,172 shares in the last quarter. Alyeska Investment Group L.P. increased its stake in Dollar Tree by 1,055.1% during the 1st quarter. Alyeska Investment Group L.P. now owns 2,322,189 shares of the company’s stock worth $174,327,000 after buying an additional 2,121,149 shares in the last quarter. Norges Bank purchased a new stake in Dollar Tree during the 2nd quarter worth approximately $185,784,000. Finally, EdgePoint Investment Group Inc. increased its stake in Dollar Tree by 21.4% during the 1st quarter. EdgePoint Investment Group Inc. now owns 9,641,507 shares of the company’s stock worth $723,788,000 after buying an additional 1,701,344 shares in the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

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.