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

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

A number of other analysts have also commented on DLTR. Truist Financial reduced their target price on Dollar Tree from $83.00 to $76.00 and set a “buy” rating for the company in a report on Tuesday. Telsey Advisory Group increased their price objective on Dollar Tree from $75.00 to $82.00 and gave the company a “market perform” rating in a research report on Thursday. Loop Capital reissued a “hold” rating on shares of Dollar Tree in a research report on Thursday. JPMorgan Chase & Co. lowered their target price on shares of Dollar Tree from $88.00 to $78.00 and set a “neutral” rating on the stock in a research note on Thursday. Finally, UBS Group reduced their price target on shares of Dollar Tree from $105.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, March 21st. Sixteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Dollar Tree has a consensus rating of “Hold” and a consensus price target of $83.42.

Dollar Tree Price Performance

Shares of NASDAQ:DLTR opened at $72.75 on Friday. The company has a market capitalization of $15.64 billion, a PE ratio of -15.25, a PEG ratio of 2.16 and a beta of 0.91. The business has a fifty day moving average price of $71.17 and a 200-day moving average price of $70.21. Dollar Tree has a 1-year low of $60.49 and a 1-year high of $137.14. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $5 billion during the quarter, compared to analysts’ expectations of $8.23 billion. During the same period last year, the firm posted $2.55 earnings per share. The firm’s quarterly revenue was up .7% on a year-over-year basis. As a group, equities analysts expect that Dollar Tree will post 5.39 EPS for the current fiscal year.

Institutional Investors Weigh In On Dollar Tree

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quest Partners LLC raised its position in shares of Dollar Tree by 28.3% during the 3rd quarter. Quest Partners LLC now owns 2,006 shares of the company’s stock valued at $141,000 after purchasing an additional 442 shares during the period. Brooklyn Investment Group bought a new stake in Dollar Tree during the third quarter valued at about $48,000. Townsquare Capital LLC lifted its position in shares of Dollar Tree by 5.6% in the third quarter. Townsquare Capital LLC now owns 17,433 shares of the company’s stock valued at $1,226,000 after acquiring an additional 931 shares in the last quarter. Scopia Capital Management LP purchased a new position in shares of Dollar Tree in the third quarter valued at about $16,151,000. Finally, ARGA Investment Management LP boosted its stake in shares of Dollar Tree by 113.6% in the third quarter. ARGA Investment Management LP now owns 25,064 shares of the company’s stock worth $1,762,000 after acquiring an additional 13,332 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.