Dollar Tree (NASDAQ:DLTR) Now Covered by Wolfe Research

Wolfe Research assumed coverage on shares of Dollar Tree (NASDAQ:DLTR) in a report published on Thursday, MarketBeat.com reports. The brokerage issued a peer perform rating on the stock.

A number of other research firms also recently issued reports on DLTR. Bank of America boosted their price target on Dollar Tree from $70.00 to $75.00 and gave the company an “underperform” rating in a research report on Thursday, September 4th. Evercore ISI boosted their price target on Dollar Tree from $108.00 to $110.00 and gave the company an “in-line” rating in a research report on Tuesday, August 26th. Morgan Stanley upped their target price on Dollar Tree from $96.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Friday, September 5th. JPMorgan Chase & Co. upped their target price on Dollar Tree from $138.00 to $140.00 and gave the stock an “overweight” rating in a research report on Thursday, September 4th. Finally, Gordon Haskett downgraded Dollar Tree from a “hold” rating to a “reduce” rating and set a $95.00 target price for the company. in a research report on Wednesday, September 3rd. Eight research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $109.28.

Dollar Tree Price Performance

DLTR stock opened at $98.26 on Thursday. The stock has a 50-day moving average price of $109.44 and a two-hundred day moving average price of $92.54. Dollar Tree has a 12-month low of $60.49 and a 12-month high of $118.06. The company has a current ratio of 1.04, a quick ratio of 0.27 and a debt-to-equity ratio of 0.67. The company has a market cap of $20.04 billion, a PE ratio of -7.24, a price-to-earnings-growth ratio of 1.78 and a beta of 0.89.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Wednesday, September 3rd. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.39. Dollar Tree had a positive return on equity of 23.52% and a negative net margin of 13.46%.The firm had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.46 billion. During the same quarter in the previous year, the business earned $0.67 earnings per share. The firm’s quarterly revenue was up 12.3% compared to the same quarter last year. 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 announced that its Board of Directors has initiated a stock buyback plan on Wednesday, July 9th that permits the company to buyback $2.50 billion in outstanding shares. This buyback authorization permits the company to buy up to 11.5% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Insider Transactions at Dollar Tree

In other news, Director Stephanie Stahl sold 1,185 shares of the stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $100.32, for a total transaction of $118,879.20. Following the sale, the director directly owned 4,089 shares in the company, valued at approximately $410,208.48. This represents a 22.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.60% of the stock is owned by insiders.

Institutional Trading of Dollar Tree

A number of institutional investors and hedge funds have recently made changes to their positions in DLTR. Price T Rowe Associates Inc. MD raised its position in shares of 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 purchasing an additional 2,400,586 shares during the period. Alliancebernstein L.P. raised its position in shares of 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 purchasing an additional 2,393,172 shares during the period. Alyeska Investment Group L.P. raised its position in shares of 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 purchasing an additional 2,121,149 shares during the period. Norges Bank acquired a new stake in shares of Dollar Tree during the 2nd quarter worth approximately $185,784,000. Finally, EdgePoint Investment Group Inc. raised its position in shares of 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 purchasing an additional 1,701,344 shares during the period. 97.40% of the stock is currently owned by institutional investors and hedge funds.

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.