Brokerages Set Dollar Tree, Inc. (NASDAQ:DLTR) Price Target at $88.11

Dollar Tree, Inc. (NASDAQ:DLTR) has received an average recommendation of “Hold” from the twenty ratings firms that are currently covering the firm, MarketBeat Ratings reports. Fifteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $88.11.

DLTR has been the topic of several research analyst reports. Evercore ISI decreased their target price on shares of Dollar Tree from $105.00 to $100.00 and set an “in-line” rating on the stock in a research report on Tuesday, October 22nd. UBS Group lowered their price objective on shares of Dollar Tree from $155.00 to $105.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. KeyCorp lowered Dollar Tree from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 7th. BMO Capital Markets downgraded Dollar Tree from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $130.00 to $68.00 in a research report on Thursday, September 5th. Finally, The Goldman Sachs Group cut their price objective on Dollar Tree from $145.00 to $90.00 and set a “buy” rating on the stock in a report on Tuesday, September 10th.

Insider Transactions at Dollar Tree

In other Dollar Tree news, Director Daniel J. Heinrich purchased 2,200 shares of Dollar Tree stock in a transaction that occurred on Friday, September 6th. The stock was purchased at an average price of $68.27 per share, with a total value of $150,194.00. Following the completion of the acquisition, the director now owns 9,823 shares of the company’s stock, valued at approximately $670,616.21. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Strategic Financial Concepts LLC bought a new position in Dollar Tree during the 2nd quarter worth approximately $26,000. Mather Group LLC. grew its position in shares of Dollar Tree by 198.9% during the 2nd quarter. Mather Group LLC. now owns 281 shares of the company’s stock valued at $30,000 after buying an additional 187 shares during the last quarter. Eastern Bank acquired a new stake in Dollar Tree during the third quarter worth about $34,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Dollar Tree in the second quarter worth about $37,000. Finally, First Horizon Advisors Inc. boosted its stake in Dollar Tree by 105.6% in the third quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock valued at $39,000 after acquiring an additional 284 shares during the period. 97.40% of the stock is owned by institutional investors and hedge funds.

Dollar Tree Stock Up 1.7 %

DLTR stock opened at $62.27 on Wednesday. The company has a 50 day moving average price of $68.41 and a two-hundred day moving average price of $93.54. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.17 and a current ratio of 1.02. The stock has a market capitalization of $13.39 billion, a P/E ratio of -12.76, a PEG ratio of 2.60 and a beta of 0.87. Dollar Tree has a one year low of $60.49 and a one year high of $151.21.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Wednesday, September 4th. The company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.37). Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. The business had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.49 billion. During the same period in the prior year, the firm earned $0.91 EPS. Dollar Tree’s revenue for the quarter was up .7% on a year-over-year basis. As a group, sell-side analysts expect that Dollar Tree will post 5.34 EPS for the current year.

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.