Dollar Tree, Inc. (NASDAQ:DLTR) Receives Consensus “Buy” Rating From Brokerages

Dollar Tree, Inc. (NASDAQ: DLTR – Get a rating) received a consensus recommendation of “Hold” by the nineteen rating agencies that currently cover the company, reports Marketbeat Ratings. One analyst rated the stock with a sell recommendation, five assigned a hold recommendation and seven gave the company a buy recommendation. The 1-year average target price among analysts who have rated the stock over the past year is $163.82.

DLTR has been the subject of a number of recent research reports. BMO Capital Markets raised its price target on Dollar Tree shares from $180.00 to $187.00 in a Friday, May 27 research note. Telsey Advisory Group cut its price target on Dollar Tree shares from $180.00 to $160.00 and set an “outperform” rating for the company in a Tuesday, May 24 research note. Citigroup raised its price target on Dollar Tree shares from $162.00 to $190.00 and gave the company a “buy” rating in a Tuesday, May 31 research note. Deutsche Bank Aktiengesellschaft cut its price target on Dollar Tree shares from $180.00 to $179.00 in a Wednesday, May 25 research note. Finally, Truist Financial raised its price target on Dollar Tree shares to $178.00 in a Friday, May 27 research note.

Shares of DLTR opened at $156.02 on Wednesday. The stock has a market capitalization of $35.04 billion, a P/E ratio of 23.75, a P/E/G ratio of 1.23 and a beta of 0.70. The company has a debt ratio of 0.41, a current ratio of 1.46 and a quick ratio of 0.35. The company has a fifty-day moving average price of $159.74 and a two-hundred-day moving average price of $147.63. Dollar Tree has a one-year low of $84.26 and a one-year high of $177.19.

Dollar Tree (NASDAQ:DLTR – Get a rating) last released its results on Thursday, May 26. The company reported EPS of $2.37 for the quarter, beating the consensus estimate of $2.00 by $0.37. The company posted revenue of $6.90 billion for the quarter, versus a consensus estimate of $6.77 billion. Dollar Tree had a net margin of 5.57% and a return on equity of 19.71%. The company’s revenue increased by 6.5% compared to the same quarter last year. During the same period last year, the company achieved EPS of $1.60. As a group, equity research analysts expect Dollar Tree to post EPS of 8.15 for the current fiscal year.

Separately, director Daniel J. Heinrich purchased 425 shares of Dollar Tree in a transaction dated Monday, March 28. The shares were purchased at an average cost of $156.09 per share, for a total transaction of $66,338.25. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available via this link. Additionally, insider David A. Jacobs sold 542 shares of the company in a trade on Thursday, April 7. The shares were sold at an average price of $157.94, for a total value of $85,603.48. Following the transaction, the insider now owns 17,085 shares of the company, valued at $2,698,404.90. Disclosure of this sale can be found here. Company insiders own 5.80% of the company’s shares.

A number of institutional investors have recently increased or reduced their stake in DLTR. UBS Asset Management Americas Inc. increased its holdings in Dollar Tree by 40.5% during the third quarter. UBS Asset Management Americas Inc. now owns 2,846,414 shares of the company worth $272,459,000 after acquiring an additional 820,125 shares during the period. Corient Capital Partners LLC increased its stake in Dollar Tree by 36.4% during the third quarter. Corient Capital Partners LLC now owns 13,813 shares of the company worth $1,322,000 after acquiring 3,686 additional shares during the period. CWM LLC purchased a new position in Dollar Tree during the fourth quarter worth approximately $1,756,000. Qube Research & Technologies Ltd increased its position in Dollar Tree by 1,682.5% during the fourth quarter. Qube Research & Technologies Ltd now owns 164,222 shares in the company worth $23,076,000 after buying an additional 155,009 shares last quarter. Finally, Maverick Capital Ltd. increased its position in Dollar Tree by 104.7% during the third quarter. Maverick Capital Ltd. now owns 43,085 shares of the company worth $4,124,000 after purchasing an additional 22,039 shares in the last quarter. Institutional investors hold 98.54% of the company’s shares.

Dollar Tree Company Profile (Get a rating)

Dollar Tree, Inc operates a variety of discount retail stores. It operates in two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at a fixed price of $1.25. It provides consumable goods, including candy and food, healthcare and personal care, and everyday consumables, such as household paper and chemicals, as well as frozen and chilled foods; miscellaneous merchandise including toys, durable household items, gifts, stationery, party supplies, greeting cards, textile products, arts and crafts supplies and other items; and seasonal products that include Christmas, Easter, Halloween and Valentine’s Day products.

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Analyst Recommendations for Dollar Tree (NASDAQ: DLTR)

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