Dollar Tree (NASDAQ:DLTR) Price Target Increased to $82.00

Analysts at Telsey Advisory Group raised the price target for Dollar Tree (NASDAQ:DLTR) from $75.00 to $82.00, as stated in a research note released to investors on Thursday. Currently, Telsey has assigned a "market perform" rating to the stock. This new price objective indicates an anticipated upside of approximately 18.48% based on the company's current share price.

Other research analysts have also recently shared their insights regarding Dollar Tree. For instance, Piper Sandler reaffirmed a "neutral" rating, adjusting their target price to $72.00 from a previous $67.00 in a report dated December 5th. Meanwhile, Evercore ISI reduced their price target from $94.00 to $92.00, keeping an "in-line" rating for the stock as shared in a report on December 3rd. On the same day, BMO Capital Markets increased their target price for Dollar Tree from $65.00 to $70.00 while maintaining a "market perform" rating.

Guggenheim adjusted its price target downwards from $120.00 to $100.00 but retained a "buy" rating in a research note that came out on December 6th. Citigroup also raised its price objective from $64.00 to $76.00, maintaining a "neutral" sentiment regarding the company. Currently, 16 research analysts have rated Dollar Tree with a hold rating, while five have given a buy rating. According to MarketBeat.com, the consensus rating for the stock stands at "Hold", with an average target price of $84.26.

Dollar Tree Stock Performance

On Thursday, shares of Dollar Tree opened at $69.21. Over the past year, the stock has seen a low of $60.49 and a high of $137.14. Dollar Tree boasts a market capitalization of $14.88 billion. The current price-to-earnings (P/E) ratio stands at -14.51, while the price-to-earnings growth (PEG) ratio is 2.16. The stock has shown a beta of 0.91, indicating low volatility compared to the market.

In more financial metrics, the company's 50-day moving average price is $71.03, and its 200-day moving average price is $70.13. Regarding financial health, Dollar Tree holds a debt-to-equity ratio of 0.32, a quick ratio of 0.17, and a current ratio of 1.03.

Recent Earnings and Institutional Interest

The last quarterly earnings report for Dollar Tree was released on March 26th, 2023. The company reported earnings per share (EPS) of $2.11, which was less than the consensus estimate of $2.20 by $0.09. Dollar Tree's revenue for the reported quarter was $5 billion, falling short of analyst expectations of $8.23 billion. The company recorded a return on equity of 16.89% but had a negative net profit margin of 3.34%. Year-over-year, revenues increased by 0.7% compared to the same quarter last year, where the company posted an EPS of $2.55. Analysts predict that Dollar Tree will post an EPS of 5.39 for the current year.

As for institutional investment activity, there have been significant changes in holdings. Bessemer Group Inc. dramatically increased its stake in Dollar Tree by 34,600.0% in the fourth quarter, owning 347 shares valued at $26,000 after acquiring an additional 346 shares. Assetmark Inc. raised its holdings in Dollar Tree by 74.1%, ending up with 350 shares valued at $26,000. Versant Capital Management Inc. invested in Dollar Tree for the first time, while Parkside Financial Bank & Trust boosted its stake by 120.8%, now holding 424 shares valued at $32,000. MassMutual Private Wealth & Trust FSB also increased its position by 91.3%, owning 440 shares worth $33,000 after more purchases. Institutional investors hold 97.40% of the stock.

About Dollar Tree

Dollar Tree, Inc. operates discount retail stores, focusing on offering merchandise at the fixed price of $1.25. The company’s operations are categorized into two segments: Dollar Tree and Family Dollar. The Dollar Tree segment comprises various consumable items such as household goods, food, health, personal care products, along with seasonal merchandise including holiday decorations and greeting cards.

DollarTree, Stocks, Investment