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

Dollar Tree (NASDAQ:DLTR) had its price target trimmed by UBS Group from $155.00 to $105.00 in a report issued on Thursday morning, Benzinga reports. They currently have a buy rating on the stock.

A number of other analysts also recently commented on DLTR. BMO Capital Markets downgraded Dollar Tree from an outperform rating to a market perform rating and reduced their price objective for the stock from $130.00 to $68.00 in a research report on Thursday. KeyCorp decreased their price target 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. Truist Financial dropped their price objective on shares of Dollar Tree from $147.00 to $140.00 and set a buy rating for the company in a research note on Thursday, June 6th. Loop Capital downgraded shares of Dollar Tree from a buy rating to a hold rating and set a $65.00 price objective for the company. in a report on Thursday. Finally, Telsey Advisory Group lowered their target price on shares of Dollar Tree from $155.00 to $120.00 and set an outperform rating on the stock in a research note on Friday, August 30th. One 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.com, the stock has an average rating of Hold and a consensus target price of $95.00.

Dollar Tree Trading Down 2.9 %

Shares of Dollar Tree stock opened at $66.50 on Thursday. The company has a market cap 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 has a 1 year low of $60.81 and a 1 year high of $151.21. The company’s fifty day simple moving average is $97.85 and its 200-day simple moving average is $114.73. 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 (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.37). The company had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.49 billion. Dollar Tree had a positive return on equity of 15.67% and a negative net margin of 3.23%. The business’s revenue for the quarter 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. As a group, sell-side analysts expect that Dollar Tree will post 6.46 EPS for the current year.

Insiders Place Their Bets

In other news, insider Robert Aflatooni sold 827 shares of the firm’s stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $105.58, for a total value 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Dollar Tree

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