Dollar Tree, Inc. (NASDAQ:DLTR) has been assigned a consensus rating of “Hold” from the twenty-eight research firms that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and fifteen have issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $103.33.
Several equities analysts have weighed in on the company. Deutsche Bank increased their price objective on Dollar Tree from $87.00 to $97.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Zacks Investment Research lowered Dollar Tree from a “hold” rating to a “sell” rating and set a $90.00 price target for the company. in a report on Wednesday, May 27th. Piper Sandler cut their price target on Dollar Tree from $96.00 to $95.00 and set an “overweight” rating for the company in a report on Wednesday, April 1st. KeyCorp raised their price target on Dollar Tree from $90.00 to $110.00 and gave the stock an “overweight” rating in a report on Friday, May 29th. Finally, Gordon Haskett raised Dollar Tree from a “reduce” rating to a “hold” rating in a report on Friday, March 27th.
Institutional investors have recently bought and sold shares of the business. Vident Investment Advisory LLC boosted its position in Dollar Tree by 18.2% during the 4th quarter. Vident Investment Advisory LLC now owns 12,305 shares of the company’s stock valued at $1,157,000 after acquiring an additional 1,893 shares in the last quarter. Nuveen Asset Management LLC boosted its position in Dollar Tree by 32.8% during the 1st quarter. Nuveen Asset Management LLC now owns 1,402,621 shares of the company’s stock valued at $103,051,000 after acquiring an additional 346,578 shares in the last quarter. AJO LP bought a new stake in Dollar Tree during the 1st quarter valued at approximately $3,281,000. Aviva PLC boosted its position in Dollar Tree by 26.0% during the 4th quarter. Aviva PLC now owns 74,057 shares of the company’s stock valued at $6,965,000 after acquiring an additional 15,278 shares in the last quarter. Finally, Invesco Ltd. boosted its position in Dollar Tree by 0.5% during the 1st quarter. Invesco Ltd. now owns 721,924 shares of the company’s stock valued at $53,038,000 after acquiring an additional 3,944 shares in the last quarter. 89.58% of the stock is currently owned by institutional investors and hedge funds.
Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Thursday, May 28th. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.19. Dollar Tree had a return on equity of 18.69% and a net margin of 3.35%. The business had revenue of $6.29 billion during the quarter, compared to analyst estimates of $6.14 billion. During the same period in the prior year, the company earned $1.14 earnings per share. Dollar Tree’s revenue was up 8.2% compared to the same quarter last year. Analysts forecast that Dollar Tree will post 4.65 earnings per share for the current year.
Dollar Tree Company Profile
Dollar Tree, Inc operates discount variety retail stores. It operates through two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods that include Valentine's Day, Easter, Halloween, and Christmas merchandise.
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