Guggenheim Lowers Dollar Tree (NASDAQ:DLTR) Price Target to $100.00

Dollar Tree (NASDAQ:DLTR) had its target price lowered by Guggenheim from $120.00 to $100.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Guggenheim’s price objective would suggest a potential upside of 39.14% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on the stock. KeyCorp cut shares of Dollar Tree from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 7th. Loop Capital raised their price target on Dollar Tree from $65.00 to $75.00 and gave the stock a “hold” rating in a research report on Thursday. Sanford C. Bernstein began coverage on Dollar Tree in a research note on Tuesday, October 22nd. They set a “market perform” rating and a $76.00 price objective for the company. JPMorgan Chase & Co. increased their target price on Dollar Tree from $70.00 to $82.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Finally, Citigroup boosted their target price on Dollar Tree from $64.00 to $76.00 and gave the stock a “neutral” rating in a research report on Thursday. Seventeen research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Dollar Tree presently has a consensus rating of “Hold” and an average price target of $85.58.

Dollar Tree Trading Down 1.0 %

DLTR stock opened at $71.87 on Friday. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. Dollar Tree has a twelve month low of $60.49 and a twelve month high of $151.21. The company has a market cap of $15.45 billion, a P/E ratio of -15.07, a PEG ratio of 2.92 and a beta of 0.92. The business has a fifty day moving average of $67.55 and a 200-day moving average of $86.98.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Wednesday, December 4th. The company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.05. The firm had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $7.45 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.97 EPS. As a group, equities research analysts expect that Dollar Tree will post 5.37 EPS for the current year.

Hedge Funds Weigh In On Dollar Tree

Several hedge funds have recently made changes to their positions in the business. Mather Group LLC. boosted its holdings in Dollar Tree by 198.9% during the second quarter. Mather Group LLC. now owns 281 shares of the company’s stock worth $30,000 after purchasing an additional 187 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Dollar Tree by 174.5% in the 2nd quarter. Blue Trust Inc. now owns 431 shares of the company’s stock valued at $46,000 after acquiring an additional 274 shares in the last quarter. Eastern Bank acquired a new stake in shares of Dollar Tree in the third quarter valued at about $34,000. UMB Bank n.a. increased its position in shares of Dollar Tree by 52.0% in the second quarter. UMB Bank n.a. now owns 535 shares of the company’s stock valued at $57,000 after acquiring an additional 183 shares during the last quarter. Finally, First Horizon Advisors Inc. raised its holdings in Dollar Tree by 105.6% during the third quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock worth $39,000 after acquiring an additional 284 shares in the last quarter. 97.40% of the stock is owned by institutional investors.

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.