Dollar Tree (NASDAQ:DLTR) PT Lowered to $105.00

Dollar Tree (NASDAQ:DLTR) had its price objective dropped by equities researchers at UBS Group from $155.00 to $105.00 in a research note issued on Thursday, Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s target price points to a potential upside of 57.89% from the company’s current price.

A number of other research analysts have also weighed in on DLTR. KeyCorp dropped their price objective on shares of Dollar Tree from $145.00 to $84.00 and set an “overweight” rating on the stock in a research note on Thursday. Morgan Stanley cut their price target on Dollar Tree from $130.00 to $80.00 and set an “equal weight” rating for the company in a research note on Thursday. JPMorgan Chase & Co. downgraded 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. Loop Capital lowered Dollar Tree from a “buy” rating to a “hold” rating and set a $65.00 target price on the stock. in a report on Thursday. Finally, Truist Financial decreased their price target on Dollar Tree from $147.00 to $140.00 and set a “buy” rating for the company in a report on Thursday, June 6th. 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $95.00.

Dollar Tree Stock Performance

Shares of Dollar Tree stock opened at $66.50 on Thursday. The business has a 50-day simple moving average of $97.85 and a 200 day simple moving average of $115.16. Dollar Tree has a one year low of $60.81 and a one year high of $151.21. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.28 and a quick ratio of 0.23. The firm has a market capitalization of $14.29 billion, a price-to-earnings ratio of -14.49, a PEG ratio of 0.93 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Wednesday, September 4th. The company reported $0.67 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 firm had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.49 billion. During the same quarter in the prior year, the firm earned $0.91 EPS. The company’s revenue was up .7% compared to the same quarter last year. On average, research analysts anticipate that Dollar Tree will post 6.46 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Dollar Tree news, insider Robert Aflatooni sold 827 shares of the 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 transaction, the insider now directly owns 9,725 shares of the company’s stock, valued at $1,026,765.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 6.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Dollar Tree

Several institutional investors have recently added to or reduced their stakes in DLTR. Dorsal Capital Management LP bought a new stake in Dollar Tree during the 4th quarter valued at $35,512,000. Wellington Management Group LLP lifted its holdings in Dollar Tree by 2.6% during the 4th quarter. Wellington Management Group LLP now owns 2,881,772 shares of the company’s stock worth $409,356,000 after purchasing an additional 73,588 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its holdings in Dollar Tree by 92.6% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 146,614 shares of the company’s stock valued at $20,826,000 after buying an additional 70,478 shares in the last quarter. Bridgefront Capital LLC increased its position in shares of Dollar Tree by 62.5% during the fourth quarter. Bridgefront Capital LLC now owns 4,918 shares of the company’s stock valued at $699,000 after buying an additional 1,892 shares during the period. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Dollar Tree by 1.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 43,671 shares of the company’s stock worth $6,203,000 after buying an additional 743 shares in the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.

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.