Dollar Tree, Inc. (NASDAQ:DLTR) Given Average Rating of "Moderate Buy" by Brokerages (2024)

Shares of Dollar Tree, Inc. (NASDAQ:DLTR - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the eighteen ratings firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and twelve have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $150.05.

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A number of analysts have recently weighed in on DLTR shares. Oppenheimer restated a "market perform" rating on shares of Dollar Tree in a research note on Monday, March 4th. BMO Capital Markets lowered their target price on Dollar Tree from $170.00 to $160.00 and set an "outperform" rating for the company in a research note on Thursday, March 14th. TheStreet lowered Dollar Tree from a "b-" rating to a "c" rating in a research note on Wednesday, March 13th. Gordon Haskett lowered Dollar Tree from a "buy" rating to a "hold" rating and lowered their target price for the company from $150.00 to $140.00 in a research note on Wednesday, April 3rd. Finally, Truist Financial lowered their target price on Dollar Tree from $149.00 to $147.00 and set a "buy" rating for the company in a research note on Thursday, March 14th.

Check Out Our Latest Stock Report on DLTR

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Insider Transactions at Dollar Tree

In other news, CFO Jeffrey A. Davis bought 1,800 shares of the business's stock in a transaction on Monday, April 1st. The shares were purchased at an average price of $136.00 per share, for a total transaction of $244,800.00. Following the purchase, the chief financial officer now owns 19,047 shares of the company's stock, valued at approximately $2,590,392. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In other Dollar Tree news, Director Daniel J. Heinrich purchased 1,000 shares of the company's stock in a transaction that occurred on Monday, March 18th. The shares were acquired at an average price of $127.85 per share, for a total transaction of $127,850.00. Following the purchase, the director now owns 6,225 shares in the company, valued at $795,866.25. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jeffrey A. Davis purchased 1,800 shares of the company's stock in a transaction that occurred on Monday, April 1st. The stock was acquired at an average price of $136.00 per share, for a total transaction of $244,800.00. Following the purchase, the chief financial officer now owns 19,047 shares in the company, valued at approximately $2,590,392. The disclosure for this purchase can be found here. Corporate insiders own 6.00% of the company's stock.

Institutional Investors Weigh In On Dollar Tree

A number of large investors have recently added to or reduced their stakes in DLTR. Capital World Investors grew its holdings in Dollar Tree by 2.8% in the 4th quarter. Capital World Investors now owns 17,608,690 shares of the company's stock valued at $2,501,314,000 after buying an additional 487,180 shares in the last quarter. BlackRock Inc. grew its holdings in Dollar Tree by 0.3% in the 1st quarter. BlackRock Inc. now owns 16,041,782 shares of the company's stock valued at $2,302,798,000 after buying an additional 50,496 shares in the last quarter. Mantle Ridge LP grew its holdings in Dollar Tree by 11,365,431.0% in the 1st quarter. Mantle Ridge LP now owns 11,365,531 shares of the company's stock valued at $1,820,190,000 after buying an additional 11,365,431 shares in the last quarter. Capital International Investors grew its holdings in Dollar Tree by 30.1% in the 4th quarter. Capital International Investors now owns 10,581,632 shares of the company's stock valued at $1,503,123,000 after buying an additional 2,445,827 shares in the last quarter. Finally, State Street Corp grew its holdings in Dollar Tree by 8.4% in the 1st quarter. State Street Corp now owns 8,933,338 shares of the company's stock valued at $1,282,378,000 after buying an additional 692,658 shares in the last quarter. Institutional investors own 97.40% of the company's stock.

Dollar Tree Price Performance

Dollar Tree stock traded down $0.20 during mid-day trading on Friday, hitting $122.03. 1,957,160 shares of the company were exchanged, compared to its average volume of 2,800,062. The company has a quick ratio of 0.22, a current ratio of 1.31 and a debt-to-equity ratio of 0.47. The business has a fifty day moving average of $136.07 and a 200 day moving average of $128.51. Dollar Tree has a 1-year low of $102.77 and a 1-year high of $161.10. The company has a market capitalization of $26.60 billion, a PE ratio of -26.41, a price-to-earnings-growth ratio of 1.15 and a beta of 0.90.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last released its quarterly earnings data on Wednesday, March 13th. The company reported $2.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.67 by ($0.12). Dollar Tree had a positive return on equity of 15.11% and a negative net margin of 3.26%. The company had revenue of $8.63 billion for the quarter, compared to analyst estimates of $8.66 billion. During the same quarter in the prior year, the company earned $2.04 earnings per share. The business's revenue was up 11.9% compared to the same quarter last year. As a group, sell-side analysts expect that Dollar Tree will post 6.91 earnings per share for the current year.

Dollar Tree Company Profile

(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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