Piper Jaffray Companies Increases Dollar Tree (DLTR) Price Target to $125.00

Dollar Tree (NASDAQ:DLTR) had its target price upped by Piper Jaffray Companies from $113.00 to $125.00 in a report published on Thursday morning, The Fly reports. They currently have an overweight rating on the stock. Piper Jaffray Companies also issued estimates for Dollar Tree’s Q4 2020 earnings at $2.11 EPS, Q1 2021 earnings at $1.36 EPS and Q4 2021 earnings at $2.39 EPS.

A number of other research firms also recently commented on DLTR. ValuEngine downgraded Dollar Tree from a buy rating to a hold rating in a research report on Wednesday, January 2nd. BidaskClub upgraded Dollar Tree from a hold rating to a buy rating in a research report on Tuesday, April 23rd. Morgan Stanley boosted their target price on Dollar Tree from $92.00 to $101.00 and gave the stock an equal weight rating in a research report on Wednesday, April 24th. Loop Capital downgraded Dollar Tree from a buy rating to a hold rating and decreased their target price for the stock from $115.00 to $105.00 in a research report on Monday, April 8th. Finally, Jefferies Financial Group boosted their target price on Dollar Tree from $94.00 to $100.00 and gave the stock a hold rating in a research report on Monday, April 8th. Twelve investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Dollar Tree has a consensus rating of Buy and a consensus target price of $102.28.

Dollar Tree stock opened at $109.94 on Thursday. The company has a current ratio of 2.05, a quick ratio of 0.36 and a debt-to-equity ratio of 0.76. Dollar Tree has a 1-year low of $78.78 and a 1-year high of $111.53. The company has a market capitalization of $26.22 billion, a P/E ratio of 20.17, a price-to-earnings-growth ratio of 2.15 and a beta of 0.43.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Wednesday, March 6th. The company reported $1.93 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.92 by $0.01. Dollar Tree had a positive return on equity of 18.21% and a negative net margin of 6.97%. The firm had revenue of $6.21 billion for the quarter, compared to the consensus estimate of $6.19 billion. During the same period in the previous year, the business earned $1.89 earnings per share. The company’s revenue for the quarter was down 2.4% compared to the same quarter last year. On average, equities analysts anticipate that Dollar Tree will post 5.23 earnings per share for the current fiscal year.

In other news, CEO Gary M. Philbin sold 9,614 shares of the business’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $110.00, for a total value of $1,057,540.00. Following the completion of the transaction, the chief executive officer now directly owns 84,665 shares of the company’s stock, valued at $9,313,150. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Arnold S. Barron sold 11,667 shares of the business’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $101.61, for a total value of $1,185,483.87. Following the completion of the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at $1,524,150. The disclosure for this sale can be found here. Over the last three months, insiders sold 43,561 shares of company stock valued at $4,537,642. Insiders own 1.50% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DLTR. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in Dollar Tree by 6.6% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 31,805 shares of the company’s stock valued at $3,341,000 after purchasing an additional 1,976 shares during the last quarter. Intersect Capital LLC acquired a new position in Dollar Tree in the first quarter valued at $235,000. CENTRAL TRUST Co increased its stake in Dollar Tree by 4.1% in the first quarter. CENTRAL TRUST Co now owns 3,338 shares of the company’s stock valued at $350,000 after purchasing an additional 130 shares during the last quarter. Arrow Financial Corp increased its stake in Dollar Tree by 10.6% in the first quarter. Arrow Financial Corp now owns 8,930 shares of the company’s stock valued at $938,000 after purchasing an additional 855 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its stake in Dollar Tree by 10.9% in the first quarter. Daiwa Securities Group Inc. now owns 13,200 shares of the company’s stock valued at $1,386,000 after purchasing an additional 1,293 shares during the last quarter. 95.10% of the stock is owned by institutional investors.

About Dollar Tree

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

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The Fly

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