Research Analysts’ Recent Ratings Changes for Dollar Tree (DLTR)

Several brokerages have updated their recommendations and price targets on shares of Dollar Tree (NASDAQ: DLTR) in the last few weeks:

• 9/10/2024 – Dollar Tree had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $145.00 to $90.00. They now have a “buy” rating on the stock.
• 9/6/2024 – Dollar Tree was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 9/6/2024 – Dollar Tree had its price target lowered by analysts at Guggenheim from $150.00 to $120.00. They now have a “buy” rating on the stock.
• 9/5/2024 – Dollar Tree had its price target lowered by analysts at Wells Fargo & Company from $130.00 to $100.00. They now have an “overweight” rating on the stock.
• 9/5/2024 – Dollar Tree had its price target lowered by analysts at KeyCorp from $145.00 to $84.00. They now have an “overweight” rating on the stock.
• 9/5/2024 – Dollar Tree had its price target lowered by analysts at Telsey Advisory Group from $120.00 to $95.00. They now have an “outperform” rating on the stock.
• 9/5/2024 – Dollar Tree had its price target lowered by analysts at Citigroup Inc. from $120.00 to $64.00. They now have a “neutral” rating on the stock.
• 9/5/2024 – Dollar Tree had its price target lowered by analysts at Piper Sandler from $112.00 to $67.00. They now have a “neutral” rating on the stock.
• 9/5/2024 – Dollar Tree was downgraded by analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating. They now have a $68.00 price target on the stock, down previously from $130.00.
• 9/5/2024 – Dollar Tree had its price target lowered by analysts at Evercore ISI from $128.00 to $78.00. They now have an “in-line” rating on the stock.
• 9/5/2024 – Dollar Tree was downgraded by analysts at Loop Capital from a “buy” rating to a “hold” rating. They now have a $65.00 price target on the stock.
• 9/5/2024 – Dollar Tree had its price target lowered by analysts at Barclays PLC from $128.00 to $81.00. They now have an “equal weight” rating on the stock.
• 9/5/2024 – Dollar Tree had its price target lowered by analysts at Morgan Stanley from $130.00 to $80.00. They now have an “equal weight” rating on the stock.
• 9/5/2024 – Dollar Tree had its price target lowered by analysts at Truist Financial Co. from $140.00 to $79.00. They now have a “buy” rating on the stock.
• 9/5/2024 – Dollar Tree had its price target lowered by analysts at UBS Group AG from $155.00 to $105.00. They now have a “buy” rating on the stock.
• 9/4/2024 – Dollar Tree was downgraded by analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating. They now have a $70.00 price target on the stock, down previously from $111.00.
• 8/30/2024 – Dollar Tree had its price target lowered by analysts at Telsey Advisory Group from $155.00 to $120.00. They now have an “outperform” rating on the stock.
• 8/27/2024 – Dollar Tree had its price target lowered by analysts at Wells Fargo & Company from $160.00 to $130.00. They now have an “overweight” rating on the stock.

Dollar Tree Stock Performance

Shares of NASDAQ DLTR opened at $71.73 on Monday. The stock’s 50-day moving average is $90.72 and its 200 day moving average is $109.32. The stock has a market cap of $15.42 billion, a price-to-earnings ratio of -15.63, a P/E/G ratio of 2.82 and a beta of 0.87. Dollar Tree, Inc. has a 1-year low of $60.81 and a 1-year high of $151.21. The company has a current ratio of 1.02, a quick ratio of 0.17 and a debt-to-equity ratio of 0.33.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.37). Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. The business had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.49 billion. During the same quarter in the previous year, the company earned $0.91 earnings per share. The business’s quarterly revenue was up .7% on a year-over-year basis. On average, sell-side analysts anticipate that Dollar Tree, Inc. will post 5.33 EPS for the current fiscal year.

Insider Activity

In other news, insider Robert Aflatooni sold 827 shares of the firm’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $105.58, for a total value 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 filing with the SEC, which is available at the SEC website. In other news, Director Daniel J. Heinrich acquired 2,200 shares of the stock in a transaction on Friday, September 6th. The stock was acquired at an average price of $68.27 per share, with a total value of $150,194.00. Following the completion of the transaction, the director now owns 9,823 shares of the company’s stock, valued at approximately $670,616.21. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Robert Aflatooni sold 827 shares of the company’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 in the company, valued at $1,026,765.50. The disclosure for this sale can be found here. Insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Dollar Tree by 321.4% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 199,726 shares of the company’s stock valued at $21,325,000 after acquiring an additional 152,326 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Dollar Tree in the 2nd quarter worth $779,000. New Wave Wealth Advisors LLC purchased a new position in shares of Dollar Tree in the second quarter worth $222,000. McGinn Penninger Investment Management Inc. raised its stake in shares of Dollar Tree by 0.5% in the second quarter. McGinn Penninger Investment Management Inc. now owns 45,503 shares of the company’s stock worth $4,858,000 after purchasing an additional 210 shares during the last quarter. Finally, Point72 Asset Management L.P. lifted its holdings in shares of Dollar Tree by 165.4% during the second quarter. Point72 Asset Management L.P. now owns 1,028,411 shares of the company’s stock valued at $109,803,000 after purchasing an additional 640,848 shares in the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

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.