Truist Financial Lowers Dollar Tree (NASDAQ:DLTR) Price Target to $79.00

Dollar Tree (NASDAQ:DLTR) had its price target dropped by investment analysts at Truist Financial from $140.00 to $79.00 in a report released on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s price objective indicates a potential upside of 18.80% from the stock’s current price.

A number of other brokerages also recently issued reports on DLTR. Citigroup downgraded Dollar Tree from a “buy” rating to a “neutral” rating and lowered their price target for the company from $163.00 to $120.00 in a report on Thursday, June 6th. Evercore ISI dropped their target price on shares of Dollar Tree from $128.00 to $78.00 and set an “in-line” rating on the stock in a research report on Thursday. Loop Capital lowered shares of Dollar Tree from a “buy” rating to a “hold” rating and set a $65.00 price target on the stock. in a research note on Thursday. KeyCorp decreased their price objective on shares of Dollar Tree from $145.00 to $84.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, Morgan Stanley cut their target price on Dollar Tree from $130.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Thursday. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Dollar Tree presently has an average rating of “Hold” and a consensus target price of $95.00.

Dollar Tree Trading Down 2.9 %

Shares of NASDAQ:DLTR opened at $66.50 on Thursday. The company has a market cap of $14.29 billion, a PE ratio of -14.49, a P/E/G ratio of 0.93 and a beta of 0.87. The company’s 50 day moving average is $97.85 and its two-hundred day moving average is $115.16. Dollar Tree has a 52 week low of $60.81 and a 52 week high of $151.21. The company has a current ratio of 1.28, a quick ratio of 0.23 and a debt-to-equity ratio of 0.47.

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

Insider Transactions at Dollar Tree

In other news, insider Robert Aflatooni sold 827 shares of the business’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $105.58, for a total transaction of $87,314.66. Following the transaction, the insider now directly owns 9,725 shares in the company, valued at $1,026,765.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of DLTR. Benjamin F. Edwards & Company Inc. grew its stake in shares of Dollar Tree by 6.6% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,987 shares of the company’s stock worth $282,000 after purchasing an additional 123 shares during the period. M&T Bank Corp grew its position in Dollar Tree by 7.5% during the fourth quarter. M&T Bank Corp now owns 12,010 shares of the company’s stock worth $1,706,000 after buying an additional 838 shares during the period. Metis Global Partners LLC increased its holdings in Dollar Tree by 15.3% in the fourth quarter. Metis Global Partners LLC now owns 8,827 shares of the company’s stock valued at $1,254,000 after buying an additional 1,172 shares in the last quarter. Private Advisor Group LLC lifted its position in shares of Dollar Tree by 29.6% during the 4th quarter. Private Advisor Group LLC now owns 7,780 shares of the company’s stock valued at $1,079,000 after acquiring an additional 1,775 shares during the period. Finally, Apollon Wealth Management LLC boosted its stake in shares of Dollar Tree by 15.5% during the 4th quarter. Apollon Wealth Management LLC now owns 3,711 shares of the company’s stock worth $527,000 after acquiring an additional 498 shares in 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.