Dollar Tree (NASDAQ:DLTR) Price Target Cut to $81.00

Dollar Tree (NASDAQ:DLTR) had its target price lowered by stock analysts at Barclays from $128.00 to $81.00 in a research report issued on Thursday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price objective points to a potential upside of 21.80% from the stock’s previous close.

Several other research analysts have also recently issued reports on the company. KeyCorp dropped their price target on Dollar Tree from $145.00 to $84.00 and set an “overweight” rating on the stock in a report on Thursday. UBS Group cut their target price on Dollar Tree from $155.00 to $105.00 and set a “buy” rating on the stock in a research report on Thursday. Telsey Advisory Group decreased their price target on Dollar Tree from $120.00 to $95.00 and set an “outperform” rating for the company in a research report on Thursday. Piper Sandler cut their price objective on Dollar Tree from $112.00 to $67.00 and set a “neutral” rating on the stock in a report on Thursday. Finally, JPMorgan Chase & Co. lowered shares of Dollar Tree from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $111.00 to $70.00 in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $95.00.

Dollar Tree Stock Down 2.9 %

DLTR opened at $66.50 on Thursday. The stock’s fifty day moving average is $97.85 and its 200-day moving average is $115.16. Dollar Tree has a one year low of $60.81 and a one year high of $151.21. The company has a market capitalization of $14.29 billion, a PE ratio of -14.49, a P/E/G ratio of 0.93 and a beta of 0.87. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.23 and a current ratio of 1.28.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.37). The business had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.49 billion. Dollar Tree had a negative net margin of 3.23% and a positive return on equity of 15.67%. Dollar Tree’s revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.91 earnings per share. On average, equities analysts predict that Dollar Tree will post 6.46 EPS for the current fiscal year.

Insider Buying and Selling at Dollar Tree

In other news, insider Robert Aflatooni sold 827 shares of the firm’s stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $105.58, for a total transaction of $87,314.66. Following the completion of the sale, the insider now directly owns 9,725 shares of the company’s stock, valued at approximately $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.

Hedge Funds Weigh In On Dollar Tree

Institutional investors have recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. lifted its position in shares of Dollar Tree by 6.6% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,987 shares of the company’s stock worth $282,000 after purchasing an additional 123 shares during the last quarter. M&T Bank Corp grew its holdings in Dollar Tree by 7.5% in the 4th quarter. M&T Bank Corp now owns 12,010 shares of the company’s stock valued at $1,706,000 after buying an additional 838 shares during the last quarter. Metis Global Partners LLC increased its position in Dollar Tree by 15.3% in the 4th quarter. Metis Global Partners LLC now owns 8,827 shares of the company’s stock worth $1,254,000 after buying an additional 1,172 shares during the period. Private Advisor Group LLC lifted its holdings in shares of Dollar Tree by 29.6% during the fourth quarter. Private Advisor Group LLC now owns 7,780 shares of the company’s stock worth $1,079,000 after buying an additional 1,775 shares during the last quarter. Finally, Apollon Wealth Management LLC boosted its position in shares of Dollar Tree by 15.5% in the fourth quarter. Apollon Wealth Management LLC now owns 3,711 shares of the company’s stock valued at $527,000 after acquiring an additional 498 shares during the period. 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.