Piper Sandler Lowers Dollar Tree (NASDAQ:DLTR) Price Target to $67.00

Dollar Tree (NASDAQ:DLTR) had its price objective lowered by equities research analysts at Piper Sandler from $112.00 to $67.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Piper Sandler’s price target suggests a potential upside of 0.75% from the stock’s current price.

Several other research firms also recently weighed in on DLTR. Evercore ISI boosted their price target on shares of Dollar Tree from $136.00 to $137.00 and gave the stock an “in-line” rating in a research note on Thursday, June 20th. Wells Fargo & Company decreased their price objective on shares of Dollar Tree from $160.00 to $130.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 27th. BMO Capital Markets downgraded shares of Dollar Tree from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $130.00 to $68.00 in a research note on Thursday. KeyCorp cut their target price on Dollar Tree from $145.00 to $84.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, Telsey Advisory Group lowered their price target on Dollar Tree from $155.00 to $120.00 and set an “outperform” rating for the company in a research report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $95.00.

Dollar Tree Stock Performance

NASDAQ DLTR opened at $66.50 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.28 and a quick ratio of 0.23. Dollar Tree has a 1 year low of $60.81 and a 1 year high of $151.21. The stock 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’s 50 day simple moving average is $97.85 and its two-hundred day simple moving average is $115.16.

Dollar Tree (NASDAQ:DLTR) last announced its 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). Dollar Tree had a negative net margin of 3.23% and a positive return on equity of 15.67%. The company had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.49 billion. During the same period in the prior year, the business earned $0.91 earnings per share. The company’s revenue for the quarter was up .7% compared to the same quarter last year. Analysts predict that Dollar Tree will post 6.46 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Robert Aflatooni sold 827 shares of the business’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $105.58, for a total transaction of $87,314.66. Following the sale, the insider now owns 9,725 shares of the company’s stock, valued at $1,026,765.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. ICA Group Wealth Management LLC purchased a new position in shares of Dollar Tree during the fourth quarter valued at approximately $26,000. United Community Bank bought a new position in shares of Dollar Tree during the 4th quarter valued at $27,000. Register Financial Advisors LLC purchased a new position in shares of Dollar Tree in the 1st quarter worth $28,000. Mather Group LLC. grew its holdings in shares of Dollar Tree by 198.9% in the second quarter. Mather Group LLC. now owns 281 shares of the company’s stock worth $30,000 after acquiring an additional 187 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Dollar Tree during the second quarter valued at $37,000. Hedge funds and other 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.