Dollar Tree, Inc. (NASDAQ:DLTR – Free Report) has received a consensus rating of “Moderate Buy” from the twenty rating agencies that cover the stock, MarketBeat.com reports. One equity research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and twelve have given a buy recommendation for the company. The average 12-month price target among brokers that have provided ratings on the stock in the last year is $141.55.

Several brokerage firms have recently commented on DLTR. Truist Financial decreased their price target on shares of Dollar Tree from $147.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. Telsey Advisory Group decreased their price target on Dollar Tree from $160.00 to $155.00 and gave the stock an “outperform” rating in a research report on Thursday, June 6th. JPMorgan Chase & Co. increased their price target on Dollar Tree from $135.00 to $148.00 and gave the stock an “overweight” rating in a report on Thursday, July 18th. UBS Group decreased their price target on Dollar Tree from $170.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, June 28th. Finally, BMO Capital Markets cut their price target on shares of Dollar Tree from $150.00 to $145.00 and gave the company an “outperform” rating in a research note on Thursday, June 6th.

Get our latest stock analysis on Dollar Tree

Insider Activities at Dollar Tree

In related news, insider Robert Aflatooni sold 827 shares of Dollar Tree stock in a transaction that occurred on Tuesday, June 25. The shares were sold at an average price of $105.58, for a total value of $87,314.66. Following the completion of the transaction, the insider now directly owns 9,725 shares of the company’s stock, valued at approximately $1,026,765.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.80% of the shares are owned by company insiders.

Institutional inflows and outflows

Several hedge funds have recently bought and sold shares of DLTR. Capital International Investors increased its position in shares of 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 purchasing an additional 2,445,827 shares in the last quarter. Norges Bank bought a new position in shares of Dollar Tree in the 4th quarter valued at $333,373,000. FIL Ltd increased its position in shares of Dollar Tree by 96.0% in the 4th quarter. FIL Ltd now owns 3,197,638 shares of the company’s stock valued at $454,224,000 after purchasing an additional 1,566,392 shares in the last quarter. National Bank of Canada FI increased its position in Dollar Tree shares by 223.4% in the 1st quarter. National Bank of Canada FI now owns 1,414,788 shares of the company’s stock worth $188,379,000 after acquiring an additional 977,313 shares in the last quarter. Finally, Primecap Management Co. CA increased its position in Dollar Tree by 50.0% in the second quarter. Primecap Management Co. CA now owns 2,872,460 shares of the company’s stock worth $306,693,000 after acquiring an additional 957,275 shares in the last quarter. 97.40% of the shares are currently owned by hedge funds and other institutional investors.

Dollar Tree trading down 2.0%

DLTR opened at $97.96 on Friday. The company has a 50-day moving average price of $102.94 and a 200-day moving average price of $119.53. Dollar Tree has a 1-year low of $91.40 and a 1-year high of $151.21. The company has a market cap of $21.06 billion, a P/E ratio of -21.34, a price-to-earnings-growth ratio of 1.07 and a beta of 0.88. The company has a current ratio of 1.28, a quick ratio of 0.23 and a debt-to-equity ratio of 0.47.

Dollar Tree (NASDAQ:DLTR – Free Report) last released its earnings results on Wednesday, June 5. The company reported earnings per share (EPS) of $1.43 for the quarter, beating analysts’ consensus estimates of $1.43. The company had revenue of $7.63 billion for the quarter, compared to analyst expectations of $7.63 billion. Dollar Tree had a positive return on equity of 15.67% and a negative net margin of 3.23%. Dollar Tree’s quarterly revenue increased 4.2% compared to the year-ago quarter. During the same period last year, the company generated earnings per share of $1.47. Analysts forecast Dollar Tree to report earnings per share of $6.63 for the current fiscal year.

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 a fixed price of $1.25. It offers consumables, including everyday consumables such as household paper and chemicals, groceries, candy, health and personal care products, and frozen and refrigerated foods; miscellaneous merchandise, including toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, arts and craft supplies, and other items; and seasonal merchandise, including Christmas, Easter, Halloween, and Valentine’s Day items.

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