Other research analysts have also recently published research reports on the stock. JPMorgan Chase & Co. raised its price target on Dollar Tree shares from $169.00 to $181.00 and gave the stock an “overweight” rating in a Tuesday, February 22 research report. Deutsche Bank Aktiengesellschaft raised its price target on Dollar Tree shares from $171.00 to $176.00 and gave the stock a “buy” rating in a Monday, February 28 research report. BMO Capital Markets upgraded Dollar Tree shares from a “market performance” rating to an “outperform” rating and raised its price target for the stock from $155.00 to $170.00 in a Monday, February 28 research report. Telsey Advisory Group raised its price target on Dollar Tree shares from $175.00 to $180.00 and gave the company an “outperform” rating in a Wednesday, Feb. 23 research note. Finally, Piper Sandler moved Dollar Tree shares from a “neutral” rating to an “overweight” rating and raised her price target for the company from $157.00 to $181.00 in a research note. Wednesday, March 9. One investment analyst gave the stock a sell rating, four gave the company a hold rating and sixteen gave the company a buy rating. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $154.70.
NASDAQ: DLTR traded down $0.21 during Friday’s midday session, hitting $159.40. The company’s shares had a trading volume of 1,838,428 shares, compared to an average trading volume of 2,430,561 shares. Dollar Tree has a 1-year low of $84.26 and a 1-year high of $177.19. The company has a debt ratio of 0.44, a current ratio of 1.34 and a quick ratio of 0.30. The stock has a market capitalization of $35.88 billion, a price/earnings ratio of 27.48, a PEG ratio of 1.29 and a beta of 0.70. The company’s fifty-day moving average is $160.75 and its two-hundred-day moving average is $142.81.
Dollar Tree (NASDAQ:DLTR – Get a rating) last released its quarterly earnings data on Wednesday, March 2. The company reported earnings per share of $2.01 for the quarter, beating analyst consensus estimates of $1.79 by $0.22. The company posted revenue of $7.08 billion in the quarter, versus a consensus estimate of $7.12 billion. Dollar Tree had a net margin of 5.05% and a return on equity of 18.07%. The company’s revenue increased by 4.6% compared to the same quarter last year. In the same quarter a year earlier, the company posted earnings per share of $2.13. Analysts expect Dollar Tree to post an EPS of 7.91 for the current fiscal year.
In related news, insider David A. Jacobs sold 542 shares of Dollar Tree in a trade that took place on Thursday, April 7. The shares were sold at an average price of $157.94, for a total value of $85,603.48. Following the completion of the sale, the insider now owns 17,085 shares of the company, valued at approximately $2,698,404.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via the SEC website. Additionally, director Daniel J. Heinrich purchased 425 shares of the company in a transaction that took place on Monday, March 28. The stock was purchased at an average price of $156.09 per share, with a total value of $66,338.25. Disclosure of this purchase can be found here. 1.40% of the shares are held by insiders of the company.
A number of institutional investors have recently bought and sold shares of DLTR. Mantle Ridge LP increased its stake in Dollar Tree by 11,365,431.0% in the 1st quarter. Mantle Ridge LP now owns 11,365,531 shares of the company valued at $1,820,190,000 after purchasing an additional 11,365,431 shares in the last quarter. EdgePoint Investment Group Inc. acquired a new stake in Dollar Tree in Q4 valued at approximately $646,253,000. Capital World Investors acquired a new position in shares of Dollar Tree in the fourth quarter worth $553,637,000. Winslow Capital Management LLC acquired a new position in Dollar Tree stock in the first quarter worth $428,709,000. Finally, the Canada Pension Plan Investment Board increased its stake in Dollar Tree shares by 161.3% in the fourth quarter. The Canada Pension Plan Investment Board now owns 4,318,151 shares of the company worth $606,787,000 after acquiring an additional 2,665,651 shares last quarter. Hedge funds and other institutional investors hold 98.54% of the company’s shares.
About Dollar Tree (Get a rating)
Dollar Tree, Inc operates a variety of discount retail stores. It operates in two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at a fixed price of $1.25. It provides consumable goods, including candy and food, healthcare and personal care, and everyday consumables, such as household paper and chemicals, frozen and chilled foods; miscellaneous merchandise including toys, durable household items, gifts, stationery, party supplies, greeting cards, textile products, arts and crafts supplies and other items; and seasonal products that include Christmas, Easter, Halloween and Valentine’s Day products.
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