Dollar Tree (DLTR) Price Target Increased to $97.00 by Analysts at Credit Suisse Group

Dollar Tree (NASDAQ:DLTR) had its target price hoisted by Credit Suisse Group from $96.00 to $97.00 in a research note published on Friday morning. The firm currently has an outperform rating on the stock.

Other equities research analysts have also recently issued reports about the company. UBS Group dropped their target price on Dollar Tree from $113.00 to $102.00 and set a buy rating for the company in a report on Friday, August 31st. Deutsche Bank dropped their target price on Dollar Tree from $112.00 to $94.00 and set a buy rating for the company in a report on Friday, August 31st. Zacks Investment Research upgraded Dollar Tree from a hold rating to a buy rating and set a $104.00 target price for the company in a report on Tuesday, August 14th. BidaskClub upgraded Dollar Tree from a hold rating to a buy rating in a report on Thursday, August 2nd. Finally, Morgan Stanley dropped their target price on Dollar Tree from $101.00 to $95.00 and set an equal weight rating for the company in a report on Friday, August 31st. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $101.90.

Shares of DLTR traded down $1.66 during midday trading on Friday, reaching $86.77. The stock had a trading volume of 6,646,402 shares, compared to its average volume of 3,077,721. Dollar Tree has a 12-month low of $78.78 and a 12-month high of $116.65. The company has a current ratio of 2.22, a quick ratio of 0.52 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $21.04 billion, a P/E ratio of 17.85, a PEG ratio of 1.14 and a beta of 0.62.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Thursday, November 29th. The company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.03. Dollar Tree had a return on equity of 17.11% and a net margin of 7.64%. The firm had revenue of $5.54 billion during the quarter, compared to analysts’ expectations of $5.55 billion. During the same period in the prior year, the business earned $1.01 EPS. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, equities research analysts predict that Dollar Tree will post 5.46 EPS for the current year.

In related news, Director Lemuel E. Lewis purchased 1,210 shares of the business’s stock in a transaction that occurred on Thursday, September 27th. The shares were bought at an average price of $82.75 per share, for a total transaction of $100,127.50. Following the purchase, the director now directly owns 20,114 shares of the company’s stock, valued at approximately $1,664,433.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

Several institutional investors have recently bought and sold shares of DLTR. Price Capital Management Inc. purchased a new stake in Dollar Tree during the 3rd quarter valued at $106,000. SRS Capital Advisors Inc. boosted its stake in Dollar Tree by 252.9% during the 3rd quarter. SRS Capital Advisors Inc. now owns 1,408 shares of the company’s stock valued at $115,000 after purchasing an additional 1,009 shares during the last quarter. Signet Financial Management LLC purchased a new stake in Dollar Tree during the 2nd quarter valued at $121,000. Stelac Advisory Services LLC purchased a new stake in Dollar Tree during the 3rd quarter valued at $121,000. Finally, grace capital purchased a new stake in Dollar Tree during the 2nd quarter valued at $153,000. Institutional investors own 92.83% of the company’s stock.

About Dollar Tree

Dollar Tree, Inc operates discount variety retail stores in the United States and Canada. 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 products, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; various merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods, which include Valentine's Day, Easter, Halloween, and Christmas merchandise.

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Analyst Recommendations for Dollar Tree (NASDAQ:DLTR)

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