Citigroup Increases Dollar Tree (NASDAQ:DLTR) Price Target to $76.00

Dollar Tree (NASDAQ:DLTR) had its target price raised by Citigroup from $64.00 to $76.00 in a report released on Thursday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other brokerages have also recently issued reports on DLTR. Barclays decreased their price objective on Dollar Tree from $128.00 to $81.00 and set an “equal weight” rating for the company in a research note on Thursday, September 5th. Telsey Advisory Group reiterated a “market perform” rating and issued a $75.00 price target on shares of Dollar Tree in a research note on Wednesday. Wells Fargo & Company dropped their price objective on shares of Dollar Tree from $130.00 to $100.00 and set an “overweight” rating on the stock in a research report on Thursday, September 5th. BMO Capital Markets decreased their price objective on shares of Dollar Tree from $68.00 to $65.00 and set a “market perform” rating for the company in a research report on Monday, November 18th. Finally, The Goldman Sachs Group lowered their target price on shares of Dollar Tree from $145.00 to $90.00 and set a “buy” rating for the company in a research note on Tuesday, September 10th. Seventeen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Dollar Tree currently has a consensus rating of “Hold” and a consensus price target of $86.63.

Dollar Tree Price Performance

Dollar Tree stock opened at $72.56 on Thursday. The company has a quick ratio of 0.17, a current ratio of 1.02 and a debt-to-equity ratio of 0.33. Dollar Tree has a 52-week low of $60.49 and a 52-week high of $151.21. The firm has a market cap of $15.60 billion, a PE ratio of -15.21, a price-to-earnings-growth ratio of 2.87 and a beta of 0.92. The company’s 50 day moving average is $67.58 and its two-hundred day moving average is $87.46.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Wednesday, December 4th. The company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.05. The business had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $7.45 billion. Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period last year, the firm earned $0.97 earnings per share. On average, research analysts expect that Dollar Tree will post 5.35 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of DLTR. State Street Corp increased its holdings in shares of Dollar Tree by 6.8% in the third quarter. State Street Corp now owns 9,427,910 shares of the company’s stock valued at $662,971,000 after purchasing an additional 596,191 shares during the period. EdgePoint Investment Group Inc. increased its stake in Dollar Tree by 0.5% in the 3rd quarter. EdgePoint Investment Group Inc. now owns 6,939,526 shares of the company’s stock valued at $487,987,000 after buying an additional 35,862 shares during the period. Primecap Management Co. CA raised its position in Dollar Tree by 5.5% during the 3rd quarter. Primecap Management Co. CA now owns 3,030,845 shares of the company’s stock worth $213,129,000 after buying an additional 158,385 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Dollar Tree by 5.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,492,814 shares of the company’s stock worth $266,124,000 after acquiring an additional 138,042 shares during the period. Finally, American Century Companies Inc. lifted its stake in shares of Dollar Tree by 6.6% in the 2nd quarter. American Century Companies Inc. now owns 2,003,910 shares of the company’s stock worth $213,958,000 after acquiring an additional 124,021 shares during the period. 97.40% of the stock is currently owned by institutional investors and hedge funds.

About Dollar Tree

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.