Dollar Tree (NASDAQ:DLTR) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Dollar Tree (NASDAQ:DLTR) had its price target raised by research analysts at BMO Capital Markets from $65.00 to $70.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “market perform” rating on the stock. BMO Capital Markets’ price objective points to a potential downside of 2.87% from the company’s previous close.

DLTR has been the topic of a number of other reports. Morgan Stanley lowered their price target on shares of Dollar Tree from $130.00 to $80.00 and set an “equal weight” rating on the stock in a report on Thursday, September 5th. Truist Financial cut their price target on shares of Dollar Tree from $140.00 to $79.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Melius Research initiated coverage on Dollar Tree in a research report on Monday, September 23rd. They set a “hold” rating and a $70.00 price objective on the stock. Redburn Atlantic upgraded shares of Dollar Tree to a “hold” rating in a report on Monday, September 23rd. Finally, Piper Sandler reissued a “neutral” rating and set a $72.00 price objective (up from $67.00) on shares of Dollar Tree in a research report on Thursday. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Dollar Tree has a consensus rating of “Hold” and a consensus target price of $86.11.

Dollar Tree Stock Performance

Shares of NASDAQ DLTR traded down $1.76 during mid-day trading on Thursday, reaching $72.07. 2,182,882 shares of the company’s stock were exchanged, compared to its average volume of 3,446,351. The firm has a 50-day moving average price of $67.59 and a two-hundred day moving average price of $87.57. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.02 and a quick ratio of 0.17. The firm has a market capitalization of $15.49 billion, a price-to-earnings ratio of -15.11, a price-to-earnings-growth ratio of 2.87 and a beta of 0.92. Dollar Tree has a 52 week low of $60.49 and a 52 week high of $151.21.

Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Wednesday, December 4th. The company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.05. The firm had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $7.45 billion. Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. The business’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.97 earnings per share. Analysts predict that Dollar Tree will post 5.35 EPS for the current year.

Insider Activity at Dollar Tree

In other news, Director Daniel J. Heinrich bought 2,200 shares of the stock in a transaction on Friday, September 6th. The stock was acquired at an average cost of $68.27 per share, for a total transaction of $150,194.00. Following the acquisition, the director now owns 9,823 shares of the company’s stock, valued at $670,616.21. This represents a 28.86 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.80% of the stock is currently owned by company insiders.

Institutional Trading of Dollar Tree

Several institutional investors and hedge funds have recently made changes to their positions in the company. Primecap Management Co. CA lifted its holdings in Dollar Tree by 50.0% during the second quarter. Primecap Management Co. CA now owns 2,872,460 shares of the company’s stock worth $306,693,000 after buying an additional 957,275 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Dollar Tree by 488.4% during the 2nd quarter. Renaissance Technologies LLC now owns 1,044,595 shares of the company’s stock worth $111,531,000 after purchasing an additional 867,054 shares during the last quarter. Equity Investment Corp boosted its position in Dollar Tree by 95.9% during the third quarter. Equity Investment Corp now owns 1,525,374 shares of the company’s stock valued at $107,264,000 after purchasing an additional 746,913 shares in the last quarter. Point72 Asset Management L.P. raised its holdings in Dollar Tree by 165.4% in the second quarter. Point72 Asset Management L.P. now owns 1,028,411 shares of the company’s stock worth $109,803,000 after purchasing an additional 640,848 shares in the last quarter. Finally, Canoe Financial LP acquired a new stake in shares of Dollar Tree in the 3rd quarter worth $46,576,000. 97.40% of the stock is currently owned by institutional investors.

Dollar Tree Company Profile

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.