Dollar Tree (NASDAQ:DLTR) Price Target Lowered to $76.00 at Truist Financial

Dollar Tree (NASDAQ:DLTR) had its price objective reduced by research analysts at Truist Financial from $83.00 to $76.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s price target suggests a potential upside of 11.85% from the stock’s previous close.

Several other brokerages also recently issued reports on DLTR. Citigroup lifted their price target on shares of Dollar Tree from $64.00 to $76.00 and gave the company a “neutral” rating in a report on Thursday, December 5th. Telsey Advisory Group reiterated a “market perform” rating and issued a $75.00 target price on shares of Dollar Tree in a research note on Thursday, March 6th. Loop Capital raised their price target on Dollar Tree from $65.00 to $75.00 and gave the company a “hold” rating in a report on Thursday, December 5th. StockNews.com raised Dollar Tree from a “sell” rating to a “hold” rating in a research note on Thursday, December 5th. Finally, BMO Capital Markets raised their target price on Dollar Tree from $65.00 to $70.00 and gave the company a “market perform” rating in a research note on Thursday, December 5th. Sixteen analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $83.89.

Dollar Tree Price Performance

Shares of NASDAQ DLTR traded down $1.79 during midday trading on Tuesday, reaching $67.95. 1,423,838 shares of the company traded hands, compared to its average volume of 3,386,740. Dollar Tree has a 12 month low of $60.49 and a 12 month high of $137.14. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. The stock’s 50-day simple moving average is $71.12 and its 200-day simple moving average is $70.13. The firm has a market cap of $14.61 billion, a PE ratio of -14.26, a PEG ratio of 2.16 and a beta of 0.91.

Institutional Investors Weigh In On Dollar Tree

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DLTR. Vanguard Group Inc. grew its position in shares of Dollar Tree by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 23,450,228 shares of the company’s stock worth $1,757,360,000 after buying an additional 163,368 shares during the period. T. Rowe Price Investment Management Inc. grew its holdings in Dollar Tree by 5.7% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 9,920,748 shares of the company’s stock valued at $743,461,000 after purchasing an additional 533,920 shares during the period. State Street Corp increased its stake in Dollar Tree by 6.8% in the third quarter. State Street Corp now owns 9,427,910 shares of the company’s stock valued at $662,971,000 after purchasing an additional 596,191 shares in the last quarter. Capital International Investors boosted its position in shares of Dollar Tree by 30.1% during the fourth quarter. Capital International Investors now owns 8,753,693 shares of the company’s stock worth $656,000,000 after purchasing an additional 2,023,819 shares in the last quarter. Finally, EdgePoint Investment Group Inc. grew its holdings in shares of Dollar Tree by 14.4% in the 4th quarter. EdgePoint Investment Group Inc. now owns 7,940,163 shares of the company’s stock valued at $595,036,000 after buying an additional 1,000,637 shares during the period. Institutional investors 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.