Dollar Tree (NASDAQ:DLTR) Price Target Lowered to $85.00 at Wells Fargo & Company

Dollar Tree (NASDAQ:DLTR) had its price target reduced by Wells Fargo & Company from $100.00 to $85.00 in a report released on Friday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

Other research analysts also recently issued reports about the company. StockNews.com upgraded Dollar Tree from a “sell” rating to a “hold” rating in a report on Thursday, December 5th. Truist Financial raised their price target on Dollar Tree from $79.00 to $83.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. KeyCorp lowered shares of Dollar Tree from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 7th. Loop Capital raised their target price on shares of Dollar Tree from $65.00 to $75.00 and gave the company a “hold” rating in a research report on Thursday, December 5th. Finally, Evercore ISI lowered their price target on shares of Dollar Tree from $94.00 to $92.00 and set an “in-line” rating for the company in a research report on Tuesday, December 3rd. Sixteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Dollar Tree presently has a consensus rating of “Hold” and an average target price of $84.79.

Dollar Tree Stock Performance

Shares of NASDAQ:DLTR opened at $68.99 on Friday. The firm’s 50 day simple moving average is $72.96 and its 200-day simple moving average is $71.73. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. Dollar Tree has a one year low of $60.49 and a one year high of $150.74. The firm has a market cap of $14.83 billion, a PE ratio of -14.46, a price-to-earnings-growth ratio of 2.16 and a beta of 0.91.

Institutional Investors Weigh In On Dollar Tree

Several institutional investors have recently added to or reduced their stakes in the business. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Dollar Tree in the 4th quarter valued at approximately $8,315,000. Polar Asset Management Partners Inc. grew its position in Dollar Tree by 100.0% during the 4th quarter. Polar Asset Management Partners Inc. now owns 107,200 shares of the company’s stock worth $8,034,000 after purchasing an additional 53,600 shares during the last quarter. Forum Financial Management LP acquired a new position in Dollar Tree during the 4th quarter valued at approximately $340,000. USS Investment Management Ltd purchased a new position in shares of Dollar Tree in the fourth quarter worth $2,877,000. Finally, Woodline Partners LP acquired a new stake in shares of Dollar Tree during the fourth quarter worth $910,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

Dollar Tree Company Profile

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.