Dollar Tree, Inc. (NASDAQ:DLTR) Given Consensus Rating of “Moderate Buy” by Brokerages

Dollar Tree, Inc. (NASDAQ:DLTR) has been given a consensus rating of “Moderate Buy” by the twenty ratings firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and twelve have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $141.55.

Several brokerages recently weighed in on DLTR. Truist Financial dropped their price target on shares of Dollar Tree from $147.00 to $140.00 and set a “buy” rating on the stock in a research report on Thursday, June 6th. Telsey Advisory Group cut their target price on Dollar Tree from $160.00 to $155.00 and set an “outperform” rating on the stock in a research report on Thursday, June 6th. JPMorgan Chase & Co. upped their price target on Dollar Tree from $135.00 to $148.00 and gave the stock an “overweight” rating in a report on Thursday, July 18th. UBS Group dropped their price objective on Dollar Tree from $170.00 to $155.00 and set a “buy” rating on the stock in a research note on Friday, June 28th. Finally, BMO Capital Markets reduced their target price on shares of Dollar Tree from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Thursday, June 6th.

Insider Activity at Dollar Tree

In related news, insider Robert Aflatooni sold 827 shares of Dollar Tree stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $105.58, for a total value of $87,314.66. Following the completion of the transaction, the insider now directly owns 9,725 shares in the company, valued at approximately $1,026,765.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of DLTR. Capital International Investors grew its position in shares of Dollar Tree by 30.1% during the 4th quarter. Capital International Investors now owns 10,581,632 shares of the company’s stock valued at $1,503,123,000 after purchasing an additional 2,445,827 shares in the last quarter. Norges Bank purchased a new position in shares of Dollar Tree during the 4th quarter valued at $333,373,000. FIL Ltd grew its position in shares of Dollar Tree by 96.0% during the 4th quarter. FIL Ltd now owns 3,197,638 shares of the company’s stock valued at $454,224,000 after purchasing an additional 1,566,392 shares in the last quarter. National Bank of Canada FI grew its position in shares of Dollar Tree by 223.4% during the 1st quarter. National Bank of Canada FI now owns 1,414,788 shares of the company’s stock valued at $188,379,000 after purchasing an additional 977,313 shares in the last quarter. Finally, Primecap Management Co. CA grew its position in Dollar Tree by 50.0% in the second quarter. Primecap Management Co. CA now owns 2,872,460 shares of the company’s stock worth $306,693,000 after acquiring an additional 957,275 shares in the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Dollar Tree Trading Down 2.0 %

DLTR opened at $97.96 on Friday. The company has a fifty day moving average price of $102.94 and a two-hundred day moving average price of $119.53. Dollar Tree has a 1-year low of $91.40 and a 1-year high of $151.21. The company has a market cap of $21.06 billion, a P/E ratio of -21.34, a price-to-earnings-growth ratio of 1.07 and a beta of 0.88. The company has a current ratio of 1.28, a quick ratio of 0.23 and a debt-to-equity ratio of 0.47.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Wednesday, June 5th. The company reported $1.43 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.43. The company had revenue of $7.63 billion for the quarter, compared to analysts’ expectations of $7.63 billion. Dollar Tree had a positive return on equity of 15.67% and a negative net margin of 3.23%. Dollar Tree’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period last year, the business earned $1.47 EPS. Analysts predict that Dollar Tree will post 6.63 EPS for the current fiscal year.

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.