Dollar Tree (NASDAQ:DLTR) PT Lowered to $84.00

Dollar Tree (NASDAQ:DLTRFree Report) had its target price trimmed by KeyCorp from $145.00 to $84.00 in a research note released on Thursday morning, Benzinga reports. The brokerage currently has an overweight rating on the stock.

DLTR has been the topic of a number of other research reports. Telsey Advisory Group dropped their price target on Dollar Tree from $155.00 to $120.00 and set an outperform rating for the company in a research note on Friday, August 30th. Citigroup downgraded Dollar Tree from a buy rating to a neutral rating and dropped their target price for the stock from $163.00 to $120.00 in a research report on Thursday, June 6th. Morgan Stanley reduced their price target on shares of Dollar Tree from $135.00 to $130.00 and set an equal weight rating on the stock in a research report on Thursday, June 6th. Piper Sandler lowered shares of Dollar Tree from an overweight rating to a neutral rating and lowered their price objective for the stock from $143.00 to $112.00 in a report on Tuesday, July 16th. Finally, BMO Capital Markets cut shares of Dollar Tree from an outperform rating to a market perform rating and decreased their target price for the stock from $130.00 to $68.00 in a research report on Thursday. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock has an average rating of Hold and an average price target of $95.00.

Read Our Latest Stock Report on Dollar Tree

Dollar Tree Price Performance

Dollar Tree stock opened at $66.50 on Thursday. The business has a 50-day simple moving average of $97.85 and a 200 day simple moving average of $114.94. Dollar Tree has a 52 week low of $60.81 and a 52 week high of $151.21. The stock 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. 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:DLTRGet Free Report) last posted its quarterly earnings data 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). The company had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.49 billion. Dollar Tree had a positive return on equity of 15.67% and a negative net margin of 3.23%. The firm’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter last year, the company posted $0.91 earnings per share. On average, research analysts forecast 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 the business’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 transaction, the insider now owns 9,725 shares in the company, valued at $1,026,765.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Dollar Tree

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dorsal Capital Management LP bought a new position in shares of Dollar Tree during the 4th quarter valued at $35,512,000. Wellington Management Group LLP lifted its holdings in Dollar Tree by 2.6% in the fourth quarter. Wellington Management Group LLP now owns 2,881,772 shares of the company’s stock valued at $409,356,000 after acquiring an additional 73,588 shares during the period. Teachers Retirement System of The State of Kentucky boosted its position in Dollar Tree by 92.6% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 146,614 shares of the company’s stock worth $20,826,000 after purchasing an additional 70,478 shares during the last quarter. Bridgefront Capital LLC grew its stake in shares of Dollar Tree by 62.5% during the 4th quarter. Bridgefront Capital LLC now owns 4,918 shares of the company’s stock valued at $699,000 after purchasing an additional 1,892 shares during the period. Finally, Janney Montgomery Scott LLC increased its position in shares of Dollar Tree by 1.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 43,671 shares of the company’s stock valued at $6,203,000 after purchasing an additional 743 shares during the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

About Dollar Tree

(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.

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Analyst Recommendations for Dollar Tree (NASDAQ:DLTR)

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