Dollar Tree (NASDAQ:DLTR) Receives Outperform Rating from Telsey Advisory Group

Dollar Tree (NASDAQ:DLTR)‘s stock had its “outperform” rating restated by equities researchers at Telsey Advisory Group in a note issued to investors on Tuesday,Benzinga reports. They currently have a $150.00 price target on the stock. Telsey Advisory Group’s target price would suggest a potential upside of 26.87% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $126.00 price objective on shares of Dollar Tree in a research report on Thursday, January 8th. Guggenheim increased their price target on shares of Dollar Tree from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday, December 4th. Morgan Stanley raised their price target on shares of Dollar Tree from $130.00 to $146.00 and gave the stock an “equal weight” rating in a report on Thursday, January 15th. Wells Fargo & Company upped their price objective on Dollar Tree from $125.00 to $145.00 and gave the company an “overweight” rating in a report on Friday, December 19th. Finally, Jefferies Financial Group reiterated an “underperform” rating and issued a $75.00 price objective on shares of Dollar Tree in a research report on Wednesday, December 3rd. Eight analysts have rated the stock with a Buy rating, ten have issued a Hold rating and seven have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $124.62.

Dollar Tree Price Performance

Shares of NASDAQ:DLTR traded up $2.38 during midday trading on Tuesday, hitting $118.23. The company had a trading volume of 611,876 shares, compared to its average volume of 2,949,289. Dollar Tree has a twelve month low of $61.80 and a twelve month high of $142.40. The stock has a market cap of $23.51 billion, a price-to-earnings ratio of -8.79, a price-to-earnings-growth ratio of 1.44 and a beta of 0.73. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.96 and a quick ratio of 0.22. The business’s 50-day simple moving average is $126.89 and its 200-day simple moving average is $112.81.

Institutional Trading of Dollar Tree

Institutional investors and hedge funds have recently bought and sold shares of the business. Cullen Frost Bankers Inc. acquired a new stake in shares of Dollar Tree in the 4th quarter valued at about $25,000. Reflection Asset Management acquired a new stake in shares of Dollar Tree in the fourth quarter valued at approximately $25,000. Covestor Ltd grew its position in shares of Dollar Tree by 60.9% during the fourth quarter. Covestor Ltd now owns 222 shares of the company’s stock worth $27,000 after acquiring an additional 84 shares during the last quarter. Root Financial Partners LLC purchased a new stake in Dollar Tree in the 3rd quarter valued at $29,000. Finally, YANKCOM Partnership acquired a new stake in Dollar Tree during the 4th quarter worth $31,000. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

About Dollar Tree

Dollar Tree, Inc is a North American discount retailer that operates a portfolio of value-oriented store banners, primarily Dollar Tree and Family Dollar. The company’s stores offer a broad assortment of everyday items at low price points, including household essentials, food and snacks, health and beauty products, cleaning supplies, seasonal and party goods, home décor, and basic apparel. Dollar Tree’s merchandising strategy emphasizes high-turnover branded and private-label merchandise tailored to budget-conscious consumers, with Family Dollar complementing the chain by offering a wider range of price points and assortment depth in smaller-format neighborhood locations.

Founded in 1986 and headquartered in Chesapeake, Virginia, Dollar Tree has grown through both organic store openings and acquisitions.