Dollar Tree (NASDAQ:DLTR) Price Target Cut to $160.00

Dollar Tree (NASDAQ:DLTRFree Report) had its price objective cut by Wells Fargo & Company from $180.00 to $160.00 in a research note issued to investors on Thursday morning, Benzinga reports. They currently have an overweight rating on the stock.

Several other equities analysts also recently commented on DLTR. Loop Capital dropped their price target on shares of Dollar Tree from $195.00 to $170.00 and set a buy rating for the company in a research note on Thursday, March 14th. Citigroup cut Dollar Tree from a buy rating to a neutral rating and lowered their target price for the stock from $163.00 to $120.00 in a research note on Thursday. Oppenheimer reaffirmed a market perform rating on shares of Dollar Tree in a research report on Monday, March 4th. TheStreet lowered shares of Dollar Tree from a b- rating to a c rating in a research note on Wednesday, March 13th. Finally, Telsey Advisory Group reduced their target price on shares of Dollar Tree from $160.00 to $155.00 and set an outperform rating on the stock in a report on Thursday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average price target of $143.70.

Read Our Latest Stock Report on DLTR

Dollar Tree Stock Down 1.0 %

Shares of NASDAQ:DLTR opened at $111.29 on Thursday. Dollar Tree has a 52-week low of $102.77 and a 52-week high of $154.96. The stock has a market cap of $23.92 billion, a P/E ratio of -24.25, a PEG ratio of 1.11 and a beta of 0.90. The business has a fifty day moving average of $121.08 and a two-hundred day moving average of $130.22. The company has a quick ratio of 0.22, a current ratio of 1.28 and a debt-to-equity ratio of 0.47.

Dollar Tree (NASDAQ:DLTRGet Free Report) last released its quarterly earnings data on Wednesday, June 5th. The company reported $1.43 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.43. The firm had revenue of $7.63 billion during the quarter, compared to analysts’ expectations of $7.63 billion. Dollar Tree had a negative net margin of 3.23% and a positive return on equity of 15.67%. Dollar Tree’s revenue was up 4.2% compared to the same quarter last year. During the same period last year, the business earned $1.47 earnings per share. On average, research analysts expect that Dollar Tree will post 6.68 earnings per share for the current year.

Insider Buying and Selling

In other Dollar Tree news, CFO Jeffrey A. Davis purchased 1,800 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were purchased at an average price of $136.00 per share, for a total transaction of $244,800.00. Following the completion of the transaction, the chief financial officer now owns 19,047 shares in the company, valued at approximately $2,590,392. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Jeffrey A. Davis acquired 1,800 shares of Dollar Tree stock in a transaction on Monday, April 1st. The stock was bought at an average cost of $136.00 per share, with a total value of $244,800.00. Following the completion of the purchase, the chief financial officer now owns 19,047 shares of the company’s stock, valued at $2,590,392. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Daniel J. Heinrich acquired 1,000 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The stock was purchased at an average cost of $127.85 per share, with a total value of $127,850.00. Following the purchase, the director now directly owns 6,225 shares in the company, valued at approximately $795,866.25. The disclosure for this purchase can be found here. Insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Cetera Advisors LLC boosted its stake in shares of Dollar Tree by 119.7% during the 1st quarter. Cetera Advisors LLC now owns 3,234 shares of the company’s stock worth $431,000 after acquiring an additional 1,762 shares in the last quarter. Cetera Investment Advisers boosted its position in Dollar Tree by 203.5% during the first quarter. Cetera Investment Advisers now owns 12,596 shares of the company’s stock worth $1,677,000 after purchasing an additional 8,446 shares during the period. Burney Co. grew its holdings in Dollar Tree by 1.4% during the first quarter. Burney Co. now owns 9,598 shares of the company’s stock valued at $1,278,000 after purchasing an additional 131 shares during the last quarter. Atria Investments Inc raised its position in shares of Dollar Tree by 27.6% in the first quarter. Atria Investments Inc now owns 14,032 shares of the company’s stock valued at $1,868,000 after purchasing an additional 3,031 shares during the period. Finally, Swedbank AB acquired a new stake in shares of Dollar Tree in the first quarter worth $14,434,000. Institutional investors own 97.40% of the company’s stock.

Dollar Tree Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Dollar Tree (NASDAQ:DLTR)

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