Truist Financial Begins Coverage on Dollar Tree (NASDAQ:DLTR)

Equities researchers at Truist Financial started coverage on shares of Dollar Tree (NASDAQ:DLTR) in a research note issued to investors on Thursday, Briefing.com reports. The firm set a “buy” rating and a $162.00 price target on the stock. Truist Financial’s price objective points to a potential upside of 23.84% from the company’s current price.

A number of other equities analysts have also issued reports on the stock. Loop Capital raised their target price on shares of Dollar Tree from $90.00 to $110.00 and gave the stock a “hold” rating in a research report on Monday, November 15th. Zacks Investment Research upgraded shares of Dollar Tree from a “sell” rating to a “hold” rating and set a $120.00 target price on the stock in a research report on Monday, November 15th. BMO Capital Markets raised their target price on shares of Dollar Tree from $97.00 to $155.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 24th. They noted that the move was a valuation call. Telsey Advisory Group upgraded shares of Dollar Tree from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $132.00 to $175.00 in a research report on Wednesday, November 24th. Finally, Barclays raised their target price on shares of Dollar Tree from $100.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 24th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Dollar Tree has a consensus rating of “Buy” and an average price target of $141.62.

DLTR stock opened at $130.81 on Thursday. The company has a current ratio of 1.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.45. Dollar Tree has a twelve month low of $84.26 and a twelve month high of $149.37. The company’s 50 day moving average is $135.33 and its two-hundred day moving average is $111.00. The stock has a market cap of $29.43 billion, a P/E ratio of 22.10, a PEG ratio of 2.02 and a beta of 0.74.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Tuesday, November 23rd. The company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.01. Dollar Tree had a net margin of 5.29% and a return on equity of 19.02%. The company had revenue of $6.42 billion for the quarter, compared to analysts’ expectations of $6.42 billion. During the same quarter last year, the company earned $1.39 earnings per share. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, equities research analysts predict that Dollar Tree will post 5.57 earnings per share for the current year.

Dollar Tree declared that its board has initiated a stock repurchase program on Wednesday, September 29th that permits the company to buyback $2.50 billion in shares. This buyback authorization permits the company to reacquire up to 11.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

In other news, insider William A. Old, Jr. sold 16,267 shares of Dollar Tree stock in a transaction on Monday, November 15th. The stock was sold at an average price of $125.46, for a total transaction of $2,040,857.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David A. Jacobs sold 3,395 shares of Dollar Tree stock in a transaction on Thursday, January 6th. The stock was sold at an average price of $143.00, for a total value of $485,485.00. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Spire Wealth Management raised its stake in shares of Dollar Tree by 65.6% during the 4th quarter. Spire Wealth Management now owns 6,692 shares of the company’s stock worth $940,000 after buying an additional 2,651 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in Dollar Tree by 0.4% in the 4th quarter. Louisiana State Employees Retirement System now owns 26,100 shares of the company’s stock valued at $3,667,000 after purchasing an additional 100 shares during the last quarter. Gateway Investment Advisers LLC acquired a new position in Dollar Tree in the 4th quarter valued at about $210,000. Stratos Wealth Partners LTD. raised its stake in Dollar Tree by 10.7% in the 4th quarter. Stratos Wealth Partners LTD. now owns 3,571 shares of the company’s stock valued at $502,000 after purchasing an additional 345 shares during the last quarter. Finally, Koshinski Asset Management Inc. raised its stake in Dollar Tree by 1,275.8% in the 4th quarter. Koshinski Asset Management Inc. now owns 454 shares of the company’s stock valued at $64,000 after purchasing an additional 421 shares during the last quarter. 93.98% of the stock is owned by institutional investors and hedge funds.

Dollar Tree Company Profile

Dollar Tree, Inc owns and operates discount variety stores offering merchandise at the fixed prices. It operates through Dollar Tree and Family Dollar segments. The Dollar Tree segment includes operations under Dollar Tree and Dollar Tree Canada brands, with its distribution centers in the United States and in Canada.

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Analyst Recommendations for Dollar Tree (NASDAQ:DLTR)

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