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

Dollar Tree (NASDAQ:DLTR)‘s stock had its “market perform” rating reiterated by investment analysts at Telsey Advisory Group in a research note issued to investors on Friday,Benzinga reports. They presently have a $75.00 target price on the stock. Telsey Advisory Group’s price objective would indicate a potential upside of 8.60% from the stock’s previous close.

A number of other research analysts also recently weighed in on the company. UBS Group reduced their target price on Dollar Tree from $155.00 to $105.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Loop Capital raised their price objective on Dollar Tree from $65.00 to $75.00 and gave the company a “hold” rating in a research report on Thursday, December 5th. Redburn Atlantic raised shares of Dollar Tree to a “hold” rating in a research report on Monday, September 23rd. Melius Research assumed coverage on shares of Dollar Tree in a research report on Monday, September 23rd. They set a “hold” rating and a $70.00 price target for the company. Finally, KeyCorp cut shares of Dollar Tree from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 7th. Seventeen analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $85.58.

Dollar Tree Trading Down 0.3 %

NASDAQ DLTR opened at $69.06 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. Dollar Tree has a fifty-two week low of $60.49 and a fifty-two week high of $151.21. The stock has a market cap of $14.85 billion, a P/E ratio of -14.48, a price-to-earnings-growth ratio of 2.28 and a beta of 0.92. The stock has a 50 day simple moving average of $67.70 and a two-hundred day simple moving average of $84.41.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Wednesday, December 4th. The company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.05. The business had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $7.45 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.97 EPS. On average, analysts forecast that Dollar Tree will post 5.39 earnings per share for the current year.

Hedge Funds Weigh In On Dollar Tree

Several hedge funds and other institutional investors have recently modified their holdings of the company. Primecap Management Co. CA increased its position 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 valued at $306,693,000 after acquiring an additional 957,275 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Dollar Tree by 488.4% in 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 period. Equity Investment Corp boosted its holdings in shares of 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 buying an additional 746,913 shares during the last quarter. Point72 Asset Management L.P. increased its holdings in Dollar Tree by 165.4% during the second quarter. Point72 Asset Management L.P. now owns 1,028,411 shares of the company’s stock valued at $109,803,000 after buying an additional 640,848 shares during the last quarter. Finally, Canoe Financial LP bought a new position in Dollar Tree in the third quarter worth approximately $46,576,000. 97.40% of the stock is owned by institutional investors.

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.