Shares of Dollar Tree, Inc. (NASDAQ:DLTR – Get Free Report) have been given a consensus recommendation of “Hold” by the twenty-two brokerages that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and eight have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $111.2941.
DLTR has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their price objective on shares of Dollar Tree from $138.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, September 4th. UBS Group restated a “buy” rating and issued a $140.00 price target on shares of Dollar Tree in a research report on Tuesday, August 26th. 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. Truist Financial lifted their price objective on Dollar Tree from $127.00 to $129.00 and gave the stock a “buy” rating in a research report on Wednesday, September 3rd. Finally, BNP Paribas cut Dollar Tree from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 4th.
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Insider Activity
In related news, Director Stephanie Stahl sold 1,185 shares of the company’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $100.32, for a total value of $118,879.20. Following the completion of the sale, the director owned 4,089 shares of the company’s stock, valued at approximately $410,208.48. This represents a 22.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 6.60% of the company’s stock.
Institutional Trading of Dollar Tree
Several hedge funds have recently made changes to their positions in DLTR. TD Private Client Wealth LLC increased its holdings in shares of Dollar Tree by 164.0% during the 2nd quarter. TD Private Client Wealth LLC now owns 264 shares of the company’s stock worth $26,000 after buying an additional 164 shares during the last quarter. Brooklyn Investment Group grew its position in Dollar Tree by 79.0% in the first quarter. Brooklyn Investment Group now owns 358 shares of the company’s stock worth $27,000 after acquiring an additional 158 shares during the period. Zions Bancorporation National Association UT acquired a new stake in Dollar Tree during the first quarter worth $30,000. True Wealth Design LLC raised its position in Dollar Tree by 372.5% in the second quarter. True Wealth Design LLC now owns 378 shares of the company’s stock valued at $37,000 after purchasing an additional 298 shares during the period. Finally, MTM Investment Management LLC acquired a new position in shares of Dollar Tree in the 2nd quarter valued at $42,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.
Dollar Tree Trading Down 0.9%
Shares of DLTR stock opened at $94.21 on Friday. Dollar Tree has a fifty-two week low of $60.49 and a fifty-two week high of $118.06. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.27 and a current ratio of 1.04. The stock’s fifty day moving average is $107.48 and its two-hundred day moving average is $94.28. The firm has a market capitalization of $19.22 billion, a P/E ratio of -6.94, a PEG ratio of 1.73 and a beta of 0.89.
Dollar Tree (NASDAQ:DLTR – Get Free Report) last released its earnings results on Wednesday, September 3rd. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.39. The business had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.46 billion. Dollar Tree had a negative net margin of 13.46% and a positive return on equity of 23.52%. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.67 earnings per share. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. Research analysts expect that Dollar Tree will post 5.39 earnings per share for the current fiscal year.
Dollar Tree declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, July 9th that permits the company to buyback $2.50 billion in outstanding shares. This buyback authorization permits the company to buy up to 11.5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its stock is undervalued.
About Dollar Tree
(Get Free Report)
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.
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