Telsey Advisory Group Reaffirms Market Perform Rating for Dollar Tree (NASDAQ:DLTR)

Dollar Tree (NASDAQ:DLTR)‘s stock had its “market perform” rating restated by investment analysts at Telsey Advisory Group in a report released on Wednesday,Benzinga reports. They currently have a $75.00 target price on the stock. Telsey Advisory Group’s price objective would indicate a potential upside of 0.67% from the company’s previous close.

Several other analysts have also issued reports on DLTR. UBS Group cut their price objective on Dollar Tree from $155.00 to $105.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Melius Research started coverage on Dollar Tree in a research note on Monday, September 23rd. They set a “hold” rating and a $70.00 price target for the company. Evercore ISI lowered their price target on Dollar Tree from $94.00 to $92.00 and set an “in-line” rating for the company in a research note on Tuesday. Redburn Atlantic upgraded shares of Dollar Tree to a “hold” rating in a research note on Monday, September 23rd. Finally, Sanford C. Bernstein assumed coverage on shares of Dollar Tree in a research report on Tuesday, October 22nd. They set a “market perform” rating and a $76.00 target price on the stock. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $87.53.

Dollar Tree Price Performance

Shares of NASDAQ:DLTR opened at $74.50 on Wednesday. The company’s fifty day moving average is $67.52 and its two-hundred day moving average is $87.66. The company has a market cap of $16.02 billion, a P/E ratio of -15.27, a price-to-earnings-growth ratio of 2.88 and a beta of 0.92. The company has a quick ratio of 0.17, a current ratio of 1.02 and a debt-to-equity ratio of 0.33. Dollar Tree has a 12-month low of $60.49 and a 12-month high of $151.21.

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

Insider Transactions at Dollar Tree

In other Dollar Tree news, Director Daniel J. Heinrich purchased 2,200 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average cost of $68.27 per share, for a total transaction of $150,194.00. Following the transaction, the director now directly owns 9,823 shares in the company, valued at approximately $670,616.21. The trade was a 28.86 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Company insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Empower Advisory Group LLC lifted its holdings in Dollar Tree by 41.3% during the 3rd quarter. Empower Advisory Group LLC now owns 659,747 shares of the company’s stock worth $46,393,000 after buying an additional 192,754 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of Dollar Tree by 374.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,277 shares of the company’s stock worth $160,000 after buying an additional 1,797 shares during the period. Equity Investment Corp raised its holdings in Dollar Tree by 95.9% in the third quarter. Equity Investment Corp now owns 1,525,374 shares of the company’s stock worth $107,264,000 after purchasing an additional 746,913 shares during the period. Forest Avenue Capital Management LP acquired a new position in Dollar Tree in the third quarter valued at about $19,591,000. Finally, Anthracite Investment Company Inc. acquired a new stake in Dollar Tree during the 3rd quarter worth approximately $2,813,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

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.