Dollar Tree (NASDAQ:DLTR) Price Target Lowered to $120.00 at Guggenheim

Dollar Tree (NASDAQ:DLTR) had its price objective decreased by Guggenheim from $150.00 to $120.00 in a research report released on Friday, Benzinga reports. Guggenheim currently has a buy rating on the stock.

Other research analysts have also recently issued reports about the company. KeyCorp dropped their target price on Dollar Tree from $145.00 to $84.00 and set an overweight rating on the stock in a research report on Thursday. Morgan Stanley reduced their target price on shares of Dollar Tree from $130.00 to $80.00 and set an equal weight rating for the company in a report on Thursday. Piper Sandler lowered their price objective on Dollar Tree from $112.00 to $67.00 and set a neutral rating on the stock in a research report on Thursday. Wells Fargo & Company cut their target price on Dollar Tree from $130.00 to $100.00 and set an overweight rating for the company in a research report on Thursday. Finally, JPMorgan Chase & Co. cut Dollar Tree from an overweight rating to a neutral rating and lowered their price target for the stock from $111.00 to $70.00 in a report on Wednesday. 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’s stock. According to MarketBeat.com, Dollar Tree currently has an average rating of Hold and a consensus target price of $95.00.

Dollar Tree Price Performance

Shares of DLTR opened at $66.50 on Friday. Dollar Tree has a twelve month low of $60.81 and a twelve month high of $151.21. The company has a market capitalization of $14.29 billion, a P/E ratio of -14.49, a price-to-earnings-growth ratio of 0.93 and a beta of 0.87. The firm has a 50 day moving average of $97.85 and a 200 day moving average of $115.16. The company has a quick ratio of 0.23, a current ratio of 1.28 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 for the quarter, missing the consensus estimate of $1.04 by ($0.37). Dollar Tree had a positive return on equity of 15.67% and a negative net margin of 3.23%. The business had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.49 billion. During the same quarter in the prior year, the firm earned $0.91 EPS. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. As a group, equities research analysts anticipate that Dollar Tree will post 6.46 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Robert Aflatooni sold 827 shares of Dollar Tree stock in a transaction that occurred 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 transaction, the insider now owns 9,725 shares in the company, valued at approximately $1,026,765.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 6.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Dollar Tree

Several institutional investors have recently made changes to their positions in DLTR. NBC Securities Inc. raised its position in Dollar Tree by 7.1% in the 4th quarter. NBC Securities Inc. now owns 1,150 shares of the company’s stock worth $163,000 after purchasing an additional 76 shares during the period. Mount Yale Investment Advisors LLC raised its holdings in shares of Dollar Tree by 4.9% in the first quarter. Mount Yale Investment Advisors LLC now owns 1,985 shares of the company’s stock worth $264,000 after buying an additional 93 shares during the period. GAMMA Investing LLC raised its holdings in shares of Dollar Tree by 4.0% in the first quarter. GAMMA Investing LLC now owns 2,515 shares of the company’s stock worth $335,000 after buying an additional 96 shares during the period. Salomon & Ludwin LLC lifted its stake in shares of Dollar Tree by 27.0% during the 1st quarter. Salomon & Ludwin LLC now owns 494 shares of the company’s stock worth $66,000 after acquiring an additional 105 shares during the last quarter. Finally, Fiduciary Trust Co boosted its holdings in Dollar Tree by 1.0% during the 4th quarter. Fiduciary Trust Co now owns 10,997 shares of the company’s stock valued at $1,562,000 after acquiring an additional 109 shares during the period. Institutional investors 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.