Dollar Tree (NASDAQ:DLTR) Lowered to “Hold” at Loop Capital

Dollar Tree (NASDAQ:DLTR) was downgraded by equities research analysts at Loop Capital from a “buy” rating to a “hold” rating in a report issued on Thursday, Marketbeat Ratings reports. They presently have a $65.00 price target on the stock. Loop Capital’s target price suggests a potential downside of 2.26% from the company’s previous close.

Other research analysts have also recently issued reports about the company. BMO Capital Markets cut Dollar Tree from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $130.00 to $68.00 in a research report on Thursday. Citigroup downgraded Dollar Tree from a “buy” rating to a “neutral” rating and cut their price objective for the company from $163.00 to $120.00 in a report on Thursday, June 6th. Morgan Stanley lowered their target price on shares of Dollar Tree from $135.00 to $130.00 and set an “equal weight” rating on the stock in a report on Thursday, June 6th. Piper Sandler cut shares of Dollar Tree from an “overweight” rating to a “neutral” rating and cut their price target for the company from $143.00 to $112.00 in a research note on Tuesday, July 16th. Finally, JPMorgan Chase & Co. lowered shares of Dollar Tree from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $111.00 to $70.00 in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Dollar Tree presently has a consensus rating of “Hold” and a consensus target price of $95.00.

Dollar Tree Price Performance

NASDAQ DLTR opened at $66.50 on Thursday. The firm’s 50 day moving average is $97.85 and its 200-day moving average is $115.16. The company has a quick ratio of 0.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $14.29 billion, a PE ratio of -14.49, a price-to-earnings-growth ratio of 0.93 and a beta of 0.87. Dollar Tree has a 12-month low of $60.81 and a 12-month high of $151.21.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.37). Dollar Tree had a negative net margin of 3.23% and a positive return on equity of 15.67%. The business had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.49 billion. During the same quarter in the previous year, the firm posted $0.91 earnings per share. The firm’s quarterly revenue was up .7% on a year-over-year basis. Equities research analysts anticipate that Dollar Tree will post 6.46 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Robert Aflatooni sold 827 shares of the stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $105.58, for a total transaction of $87,314.66. Following the sale, the insider now owns 9,725 shares in the company, valued at approximately $1,026,765.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Dollar Tree

A number of large investors have recently modified their holdings of DLTR. Sanctuary Advisors LLC acquired a new position in shares of Dollar Tree during the 2nd quarter worth $779,000. New Wave Wealth Advisors LLC bought a new position in Dollar Tree in the second quarter valued at about $222,000. McGinn Penninger Investment Management Inc. grew its position in Dollar Tree by 0.5% in the second quarter. McGinn Penninger Investment Management Inc. now owns 45,503 shares of the company’s stock valued at $4,858,000 after acquiring an additional 210 shares during the last quarter. Point72 Asset Management L.P. raised its stake 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 worth $109,803,000 after acquiring an additional 640,848 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Dollar Tree by 101.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,960 shares of the company’s stock worth $316,000 after acquiring an additional 1,490 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

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.