Dollar Tree (NASDAQ:DLTR) Price Target Cut to $80.00

Dollar Tree (NASDAQ:DLTR) had its price target dropped by equities research analysts at Morgan Stanley from $130.00 to $80.00 in a report issued on Thursday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s price target points to a potential upside of 20.30% from the company’s current price.

Several other research analysts have also recently weighed in on DLTR. KeyCorp lowered their price target on shares of Dollar Tree from $145.00 to $84.00 and set an “overweight” rating on the stock in a report on Thursday. Evercore ISI upped their target price on Dollar Tree from $136.00 to $137.00 and gave the company an “in-line” rating in a research report on Thursday, June 20th. Loop Capital cut Dollar Tree from a “buy” rating to a “hold” rating and set a $65.00 price target for the company. in a report on Thursday. JPMorgan Chase & Co. downgraded Dollar Tree from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $111.00 to $70.00 in a research note on Wednesday. Finally, UBS Group lowered their price objective on Dollar Tree from $170.00 to $155.00 and set a “buy” rating on the stock in a research report on Friday, June 28th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock 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. Dollar Tree has a 12-month low of $60.81 and a 12-month high of $151.21. The firm has a market capitalization of $14.29 billion, a price-to-earnings ratio of -14.49, a P/E/G ratio of 0.93 and a beta of 0.87. The stock’s 50 day moving average price is $97.85 and its two-hundred day moving average price 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.

Dollar Tree (NASDAQ:DLTR) last announced 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 for the quarter, compared to analyst estimates of $7.49 billion. During the same period in the prior year, the business earned $0.91 EPS. The company’s revenue for the quarter was up .7% compared to the same quarter last year. On average, analysts anticipate that Dollar Tree will post 6.46 earnings per share for the current year.

Insider Buying and Selling

In other Dollar Tree news, insider Robert Aflatooni sold 827 shares of the company’s stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $105.58, for a total transaction of $87,314.66. Following the completion of the sale, the insider now directly owns 9,725 shares in the company, valued at $1,026,765.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Sanctuary Advisors LLC acquired a new stake in shares of Dollar Tree in the 2nd quarter valued at approximately $779,000. New Wave Wealth Advisors LLC acquired a new stake in Dollar Tree in the second quarter valued at approximately $222,000. McGinn Penninger Investment Management Inc. boosted 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 buying an additional 210 shares in the last quarter. Point72 Asset Management L.P. grew its stake in shares of 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 buying an additional 640,848 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of Dollar Tree by 101.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,960 shares of the company’s stock valued at $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.

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.