Dollar Tree, Inc. (NASDAQ:DLTR) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Dollar Tree, Inc. (NASDAQ:DLTR) have received a consensus recommendation of “Hold” from the twenty analysts that are presently covering the stock, Marketbeat reports. Fifteen analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $84.79.

Several analysts recently commented on the company. Jefferies Financial Group raised their target price on Dollar Tree from $70.00 to $75.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Wells Fargo & Company dropped their target price on Dollar Tree from $100.00 to $85.00 and set an “overweight” rating on the stock in a report on Friday, March 7th. Piper Sandler reissued a “neutral” rating and issued a $72.00 price objective (up from $67.00) on shares of Dollar Tree in a report on Thursday, December 5th. Telsey Advisory Group reissued a “market perform” rating and issued a $75.00 price objective on shares of Dollar Tree in a report on Thursday, March 6th. Finally, Loop Capital raised their price objective on Dollar Tree from $65.00 to $75.00 and gave the company a “hold” rating in a report on Thursday, December 5th.

Hedge Funds Weigh In On Dollar Tree

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Dollar Tree by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 23,450,228 shares of the company’s stock worth $1,757,360,000 after buying an additional 163,368 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its position in Dollar Tree by 5.7% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 9,920,748 shares of the company’s stock worth $743,461,000 after buying an additional 533,920 shares in the last quarter. State Street Corp lifted its position in Dollar Tree by 6.8% during the third quarter. State Street Corp now owns 9,427,910 shares of the company’s stock worth $662,971,000 after buying an additional 596,191 shares in the last quarter. Capital International Investors lifted its position in Dollar Tree by 30.1% during the fourth quarter. Capital International Investors now owns 8,753,693 shares of the company’s stock worth $656,000,000 after buying an additional 2,023,819 shares in the last quarter. Finally, EdgePoint Investment Group Inc. raised its position in Dollar Tree by 14.4% in the fourth quarter. EdgePoint Investment Group Inc. now owns 7,940,163 shares of the company’s stock valued at $595,036,000 after purchasing an additional 1,000,637 shares during the period. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Dollar Tree Stock Up 1.9 %

Dollar Tree stock opened at $65.79 on Tuesday. The firm has a market cap of $14.14 billion, a price-to-earnings ratio of -13.79, a price-to-earnings-growth ratio of 2.16 and a beta of 0.91. Dollar Tree has a 52 week low of $60.49 and a 52 week high of $137.14. The business’s 50-day moving average price is $71.77 and its 200 day moving average price is $70.50. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32.

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.