Dollar Tree’s (DLTR) Market Perform Rating Reaffirmed at Telsey Advisory Group

Telsey Advisory Group reaffirmed their market perform rating on shares of Dollar Tree (NASDAQ:DLTR) in a report issued on Thursday morning,Benzinga reports. The firm currently has a $75.00 price target on the stock.

Several other research analysts have also recently weighed in on the company. Evercore ISI reduced their price objective on Dollar Tree from $94.00 to $92.00 and set an “in-line” rating for the company in a research report on Tuesday, December 3rd. Truist Financial upped their price objective on Dollar Tree from $79.00 to $83.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Jefferies Financial Group upped their price objective on Dollar Tree from $70.00 to $75.00 and gave the stock a “hold” rating in a research report on Wednesday, December 4th. Loop Capital upped their price objective on Dollar Tree from $65.00 to $75.00 and gave the stock a “hold” rating in a research report on Thursday, December 5th. Finally, Citigroup upped their price objective on Dollar Tree from $64.00 to $76.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Sixteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Dollar Tree presently has a consensus rating of “Hold” and an average price target of $85.58.

Dollar Tree Stock Down 1.5 %

Shares of Dollar Tree stock opened at $69.10 on Thursday. Dollar Tree has a 1 year low of $60.49 and a 1 year high of $151.00. The business has a 50-day moving average of $73.10 and a two-hundred day moving average of $72.33. The company has a market capitalization of $14.86 billion, a P/E ratio of -14.49, a price-to-earnings-growth ratio of 2.16 and a beta of 0.91. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Wednesday, December 4th. The company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.05. The company had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $7.45 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. Dollar Tree’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.97 earnings per share. As a group, equities analysts predict that Dollar Tree will post 5.39 EPS for the current year.

Institutional Trading of Dollar Tree

Hedge funds have recently made changes to their positions in the business. Empower Advisory Group LLC lifted its position in shares of Dollar Tree by 41.3% in the third quarter. Empower Advisory Group LLC now owns 659,747 shares of the company’s stock valued at $46,393,000 after buying an additional 192,754 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of Dollar Tree by 374.4% in the third quarter. Farther Finance Advisors LLC now owns 2,277 shares of the company’s stock valued at $160,000 after buying an additional 1,797 shares during the last quarter. Equity Investment Corp increased its stake in shares of Dollar Tree by 95.9% during the third quarter. Equity Investment Corp now owns 1,525,374 shares of the company’s stock worth $107,264,000 after purchasing an additional 746,913 shares during the period. Forest Avenue Capital Management LP bought a new position in shares of Dollar Tree during the third quarter worth approximately $19,591,000. Finally, Anthracite Investment Company Inc. bought a new position in shares of Dollar Tree during the third quarter worth approximately $2,813,000. 97.40% of the stock is owned by institutional investors and hedge funds.

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.