Dollar Tree (NASDAQ:DLTR) Given New $101.00 Price Target at Piper Sandler

Dollar Tree (NASDAQ:DLTR) had its price objective dropped by stock analysts at Piper Sandler from $116.00 to $101.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Piper Sandler’s price target indicates a potential upside of 6.34% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. BMO Capital Markets reiterated an “underperform” rating on shares of Dollar Tree in a research note on Tuesday, March 17th. Telsey Advisory Group reissued an “outperform” rating and issued a $150.00 price objective on shares of Dollar Tree in a report on Tuesday, March 17th. Weiss Ratings lowered Dollar Tree from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Wall Street Zen lowered Dollar Tree from a “buy” rating to a “hold” rating in a report on Sunday, April 19th. Finally, BTIG Research reissued a “neutral” rating on shares of Dollar Tree in a report on Monday, March 9th. Eight equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and six have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $120.86.

Dollar Tree Stock Performance

Dollar Tree stock opened at $94.98 on Tuesday. The stock has a 50-day moving average of $101.18 and a two-hundred day moving average of $114.07. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.29 and a current ratio of 1.07. Dollar Tree has a one year low of $84.71 and a one year high of $142.40. The stock has a market cap of $18.50 billion, a PE ratio of 15.20, a price-to-earnings-growth ratio of 1.19 and a beta of 0.61.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results on Monday, March 16th. The company reported $2.56 EPS for the quarter, beating analysts’ consensus estimates of $2.53 by $0.03. Dollar Tree had a return on equity of 32.24% and a net margin of 6.61%.The company had revenue of $5.45 billion during the quarter, compared to analysts’ expectations of $5.46 billion. During the same period last year, the business posted $2.11 earnings per share. The firm’s revenue was up 9.0% compared to the same quarter last year. On average, research analysts anticipate that Dollar Tree will post 6.73 EPS for the current fiscal year.

Institutional Trading of Dollar Tree

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. EdgePoint Investment Group Inc. grew its holdings in Dollar Tree by 2.9% during the third quarter. EdgePoint Investment Group Inc. now owns 11,138,183 shares of the company’s stock worth $1,051,110,000 after acquiring an additional 312,382 shares during the period. State Street Corp grew its holdings in Dollar Tree by 3.5% during the third quarter. State Street Corp now owns 9,421,856 shares of the company’s stock worth $889,141,000 after acquiring an additional 319,938 shares during the period. Primecap Management Co. CA grew its holdings in Dollar Tree by 6.8% during the third quarter. Primecap Management Co. CA now owns 4,194,049 shares of the company’s stock worth $395,792,000 after acquiring an additional 268,539 shares during the period. Alliancebernstein L.P. grew its holdings in Dollar Tree by 4.8% during the third quarter. Alliancebernstein L.P. now owns 3,926,586 shares of the company’s stock worth $370,552,000 after acquiring an additional 180,364 shares during the period. Finally, Invesco Ltd. grew its holdings in Dollar Tree by 1.5% during the fourth quarter. Invesco Ltd. now owns 2,719,303 shares of the company’s stock worth $334,501,000 after acquiring an additional 39,506 shares during the period. 97.40% of the stock is owned by institutional investors and hedge funds.

About Dollar Tree

Dollar Tree, Inc is a North American discount retailer that operates a portfolio of value-oriented store banners, primarily Dollar Tree and Family Dollar. The company’s stores offer a broad assortment of everyday items at low price points, including household essentials, food and snacks, health and beauty products, cleaning supplies, seasonal and party goods, home décor, and basic apparel. Dollar Tree’s merchandising strategy emphasizes high-turnover branded and private-label merchandise tailored to budget-conscious consumers, with Family Dollar complementing the chain by offering a wider range of price points and assortment depth in smaller-format neighborhood locations.

Founded in 1986 and headquartered in Chesapeake, Virginia, Dollar Tree has grown through both organic store openings and acquisitions.