Dollar Tree, Inc. (NASDAQ:DLTR) Receives $104.53 Average Price Target from Brokerages

Shares of Dollar Tree, Inc. (NASDAQ:DLTR) have been given a consensus recommendation of “Hold” by the twenty-three analysts that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $108.2632.

DLTR has been the topic of several research analyst reports. UBS Group reaffirmed a “buy” rating and issued a $140.00 price target on shares of Dollar Tree in a report on Tuesday, August 26th. BMO Capital Markets upped their price target on shares of Dollar Tree from $80.00 to $85.00 and gave the stock a “market perform” rating in a report on Thursday, June 5th. The Goldman Sachs Group cut shares of Dollar Tree from a “strong-buy” rating to a “strong sell” rating in a report on Thursday, June 5th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $130.00 price target on shares of Dollar Tree in a report on Thursday, September 4th. Finally, Bank of America upped their price target on shares of Dollar Tree from $70.00 to $75.00 and gave the stock an “underperform” rating in a report on Thursday, September 4th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Dollar Tree by 1.7% in the first quarter. Vanguard Group Inc. now owns 23,839,718 shares of the company’s stock worth $1,789,648,000 after acquiring an additional 389,490 shares in the last quarter. EdgePoint Investment Group Inc. grew its position in Dollar Tree by 12.3% in the second quarter. EdgePoint Investment Group Inc. now owns 10,825,801 shares of the company’s stock worth $1,072,187,000 after acquiring an additional 1,184,294 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its position in Dollar Tree by 0.7% in the first quarter. T. Rowe Price Investment Management Inc. now owns 9,994,978 shares of the company’s stock worth $750,323,000 after acquiring an additional 74,230 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Dollar Tree by 69.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,848,196 shares of the company’s stock worth $439,025,000 after acquiring an additional 2,400,586 shares in the last quarter. Finally, Primecap Management Co. CA grew its position in Dollar Tree by 0.3% in the second quarter. Primecap Management Co. CA now owns 3,925,510 shares of the company’s stock worth $388,783,000 after acquiring an additional 12,675 shares in the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Dollar Tree Trading Down 1.7%

Shares of DLTR stock opened at $99.40 on Tuesday. The company’s fifty day simple moving average is $110.42 and its two-hundred day simple moving average is $91.46. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.04 and a quick ratio of 0.27. Dollar Tree has a 1 year low of $60.49 and a 1 year high of $118.06. The stock has a market capitalization of $20.27 billion, a price-to-earnings ratio of -7.32, a PEG ratio of 1.84 and a beta of 0.89.

Dollar Tree (NASDAQ:DLTR) last issued its 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 negative net margin of 13.46% and a positive return on equity of 23.52%. The business had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.46 billion. During the same quarter in the previous year, the firm posted $0.67 EPS. The business’s revenue for the quarter 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, analysts anticipate that Dollar Tree will post 5.39 earnings per share for the current year.

Dollar Tree declared that its board has authorized a stock repurchase program on Wednesday, July 9th that permits the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization permits the company to buy up to 11.5% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

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.