Dollar Tree (NASDAQ:DLTR) had its price objective boosted by investment analysts at Citigroup from $87.00 to $93.00 in a research note issued on Tuesday. The brokerage presently has a “neutral” rating on the stock. Citigroup’s price objective points to a potential upside of 8.23% from the stock’s current price.
A number of other research firms have also recently weighed in on DLTR. Barclays set a $84.00 target price on shares of Dollar Tree and gave the company a “hold” rating in a research note on Thursday, September 27th. Royal Bank of Canada upped their target price on shares of Dollar Tree from $94.00 to $98.00 and gave the company an “outperform” rating in a research note on Friday. ValuEngine cut shares of Dollar Tree from a “hold” rating to a “sell” rating in a research note on Wednesday, November 21st. Morgan Stanley reissued a “hold” rating on shares of Dollar Tree in a research note on Sunday. Finally, Atlantic Securities upgraded shares of Dollar Tree from a “neutral” rating to an “overweight” rating and set a $110.00 price target on the stock in a research report on Monday, August 13th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Dollar Tree has a consensus rating of “Hold” and an average price target of $101.64.
NASDAQ DLTR traded down $0.74 on Tuesday, reaching $85.93. The company’s stock had a trading volume of 555,934 shares, compared to its average volume of 3,260,118. The stock has a market cap of $20.65 billion, a P/E ratio of 17.68, a PEG ratio of 1.12 and a beta of 0.65. Dollar Tree has a 52 week low of $78.78 and a 52 week high of $116.65. The company has a quick ratio of 0.48, a current ratio of 2.22 and a debt-to-equity ratio of 0.63.
In related news, Director Lemuel E. Lewis bought 1,210 shares of Dollar Tree stock in a transaction dated Thursday, September 27th. The shares were bought at an average cost of $82.75 per share, for a total transaction of $100,127.50. Following the completion of the transaction, the director now owns 20,114 shares of the company’s stock, valued at $1,664,433.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.50% of the stock is owned by insiders.
Hedge funds have recently made changes to their positions in the company. Price Capital Management Inc. bought a new position in Dollar Tree during the third quarter worth about $106,000. SRS Capital Advisors Inc. grew its position in Dollar Tree by 252.9% during the third quarter. SRS Capital Advisors Inc. now owns 1,408 shares of the company’s stock valued at $115,000 after acquiring an additional 1,009 shares during the last quarter. Signet Financial Management LLC bought a new position in Dollar Tree during the second quarter valued at approximately $121,000. Stelac Advisory Services LLC bought a new position in Dollar Tree during the third quarter valued at approximately $121,000. Finally, Bbva Compass Bancshares Inc. bought a new position in Dollar Tree during the third quarter valued at approximately $147,000. Institutional investors own 92.14% of the company’s stock.
Dollar Tree Company Profile
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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