Vetr Inc. Downgrades Dollar Tree Inc. (DLTR) to Sell
Dollar Tree Inc. (NASDAQ:DLTR) was downgraded by investment analysts at Vetr from a “hold” rating to a “sell” rating in a research report issued on Monday. They currently have a $74.00 target price on the stock. Vetr‘s target price would suggest a potential downside of 5.09% from the stock’s current price.
DLTR has been the topic of several other research reports. Buckingham Research reaffirmed a “buy” rating and issued a $106.00 target price on shares of Dollar Tree in a research note on Wednesday, July 6th. Credit Suisse Group AG set a $69.00 target price on shares of Dollar Tree and gave the company a “sell” rating in a research note on Wednesday, October 5th. Cleveland Research lowered shares of Dollar Tree from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 4th. Deutsche Bank AG raised shares of Dollar Tree from a “hold” rating to a “buy” rating and raised their target price for the company from $82.00 to $110.00 in a research note on Monday, August 1st. Finally, Atlantic Securities lowered shares of Dollar Tree from a “neutral” rating to an “underweight” rating and reduced their target price for the company from $87.00 to $68.00 in a research note on Tuesday, September 27th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the stock. Dollar Tree presently has a consensus rating of “Hold” and a consensus price target of $91.77.
Dollar Tree (NASDAQ:DLTR) opened at 77.97 on Monday. The firm has a market cap of $18.38 billion, a price-to-earnings ratio of 25.87 and a beta of 0.54. Dollar Tree has a 1-year low of $60.31 and a 1-year high of $99.93. The firm has a 50-day moving average of $82.60 and a 200 day moving average of $86.60.
Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Thursday, August 25th. The company reported $0.72 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by $0.01. Dollar Tree had a return on equity of 16.29% and a net margin of 3.50%. The company had revenue of $5.02 billion for the quarter, compared to the consensus estimate of $5.08 billion. During the same period in the prior year, the company earned $0.67 EPS. The firm’s revenue was up 66.0% compared to the same quarter last year. Analysts expect that Dollar Tree will post $3.80 earnings per share for the current fiscal year.
In other Dollar Tree news, insider Barry W. Sullivan sold 2,449 shares of Dollar Tree stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $83.21, for a total transaction of $203,781.29. Following the completion of the transaction, the insider now directly owns 8,904 shares of the company’s stock, valued at $740,901.84. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Lemuel E. Lewis acquired 1,560 shares of Dollar Tree stock in a transaction on Tuesday, September 13th. The shares were bought at an average cost of $80.00 per share, with a total value of $124,800.00. Following the completion of the transaction, the director now owns 11,029 shares of the company’s stock, valued at $882,320. The disclosure for this purchase can be found here. Corporate insiders own 4.10% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its position in Dollar Tree by 1,439.1% in the second quarter. Tower Research Capital LLC TRC now owns 1,062 shares of the company’s stock worth $100,000 after buying an additional 993 shares during the period. Harel Insurance Investments & Financial Services Ltd. bought a new position in Dollar Tree during the second quarter worth approximately $108,000. Signaturefd LLC boosted its position in Dollar Tree by 1.5% in the second quarter. Signaturefd LLC now owns 1,266 shares of the company’s stock worth $119,000 after buying an additional 19 shares during the period. Tredje AP fonden bought a new position in Dollar Tree during the second quarter worth approximately $120,000. Finally, Sun Life Financial INC bought a new position in Dollar Tree during the first quarter worth approximately $107,775,000. 94.37% of the stock is owned by hedge funds and other institutional investors.
Dollar Tree Company Profile
Dollar Tree, Inc is an operator of discount variety stores. The Company operates approximately 13,851 discount variety retail stores. The Company’s segments include Dollar Tree and Family Dollar. The Dollar Tree segment operates discount variety stores offering merchandise at a fixed price. The Family Dollar segment operates a chain of general merchandise retail discount stores providing consumers with a selection of merchandise in neighborhood stores.
To view Vetr’s full report, visit Vetr’s official website.
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