Guggenheim Cuts Dollar Tree (NASDAQ:DLTR) Price Target to $95.00

Dollar Tree (NASDAQ:DLTR) had its price target cut by Guggenheim from $100.00 to $95.00 in a research report released on Friday,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also commented on DLTR. Loop Capital reissued a “hold” rating on shares of Dollar Tree in a research report on Thursday. Evercore ISI increased their target price on shares of Dollar Tree from $79.00 to $85.00 and gave the company an “in-line” rating in a report on Thursday. Wells Fargo & Company cut their price target on shares of Dollar Tree from $100.00 to $85.00 and set an “overweight” rating on the stock in a report on Friday, March 7th. StockNews.com upgraded shares of Dollar Tree from a “sell” rating to a “hold” rating in a research note on Thursday, December 5th. Finally, BMO Capital Markets boosted their target price on Dollar Tree from $65.00 to $70.00 and gave the stock a “market perform” rating in a research note on Thursday, December 5th. Sixteen analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Dollar Tree has a consensus rating of “Hold” and a consensus price target of $83.42.

Dollar Tree Stock Performance

DLTR stock opened at $72.75 on Friday. The firm has a market cap of $15.65 billion, a PE ratio of -15.25, a price-to-earnings-growth ratio of 2.16 and a beta of 0.91. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32. The stock has a 50-day moving average price of $71.17 and a 200-day moving average price of $70.27. Dollar Tree has a 1-year low of $60.49 and a 1-year high of $137.14.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Wednesday, March 26th. The company reported $2.11 EPS for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.09). Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The company had revenue of $5 billion during the quarter, compared to analyst estimates of $8.23 billion. During the same quarter in the previous year, the business posted $2.55 earnings per share. The company’s revenue for the quarter was up .7% compared to the same quarter last year. As a group, equities research analysts expect that Dollar Tree will post 5.39 earnings per share for the current year.

Institutional Trading of Dollar Tree

Several institutional investors have recently added to or reduced their stakes in the company. Assetmark Inc. boosted its position in Dollar Tree by 74.1% in the 4th quarter. Assetmark Inc. now owns 350 shares of the company’s stock valued at $26,000 after buying an additional 149 shares during the period. Deseret Mutual Benefit Administrators boosted its holdings in shares of Dollar Tree by 20.9% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 907 shares of the company’s stock valued at $68,000 after purchasing an additional 157 shares during the period. Checchi Capital Advisers LLC grew its stake in Dollar Tree by 5.6% in the fourth quarter. Checchi Capital Advisers LLC now owns 3,390 shares of the company’s stock worth $254,000 after purchasing an additional 180 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in Dollar Tree by 91.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock worth $33,000 after purchasing an additional 210 shares during the period. Finally, Metis Global Partners LLC raised its position in Dollar Tree by 3.4% during the 4th quarter. Metis Global Partners LLC now owns 6,773 shares of the company’s stock valued at $508,000 after purchasing an additional 220 shares in the last quarter. Institutional investors 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.