UBS Group Issues Pessimistic Forecast for Dollar Tree (NASDAQ:DLTR) Stock Price

Dollar Tree (NASDAQ:DLTR) had its price objective decreased by equities research analysts at UBS Group from $105.00 to $95.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s price target would suggest a potential upside of 42.32% from the stock’s previous close.

Several other research analysts have also commented on the stock. Jefferies Financial Group increased their price target on shares of Dollar Tree from $70.00 to $75.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. Guggenheim lowered their target price on shares of Dollar Tree from $120.00 to $100.00 and set a “buy” rating on the stock in a research report on Friday, December 6th. Wells Fargo & Company cut their target price on Dollar Tree from $100.00 to $85.00 and set an “overweight” rating on the stock in a report on Friday, March 7th. Telsey Advisory Group restated a “market perform” rating and set a $75.00 target price on shares of Dollar Tree in a report on Thursday, March 6th. Finally, Citigroup raised their target price on Dollar Tree from $64.00 to $76.00 and gave the company a “neutral” rating in a report on Thursday, December 5th. Sixteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $84.26.

Dollar Tree Stock Up 3.3 %

Dollar Tree stock opened at $66.75 on Friday. The firm has a market cap of $14.35 billion, a PE ratio of -13.99, a P/E/G ratio of 2.16 and a beta of 0.91. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. The firm’s 50 day moving average price is $71.15 and its two-hundred day moving average price is $70.08. Dollar Tree has a twelve month low of $60.49 and a twelve month high of $137.14.

Institutional Investors Weigh In On Dollar Tree

Institutional investors have recently added to or reduced their stakes in the company. Assetmark Inc. grew its position in Dollar Tree by 74.1% during the fourth quarter. Assetmark Inc. now owns 350 shares of the company’s stock worth $26,000 after buying an additional 149 shares in the last quarter. Bessemer Group Inc. grew its position in Dollar Tree by 34,600.0% during the fourth quarter. Bessemer Group Inc. now owns 347 shares of the company’s stock worth $26,000 after buying an additional 346 shares in the last quarter. Versant Capital Management Inc acquired a new stake in Dollar Tree during the fourth quarter worth about $30,000. Parkside Financial Bank & Trust grew its position in Dollar Tree by 120.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 424 shares of the company’s stock worth $32,000 after buying an additional 232 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its position in Dollar Tree by 91.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock worth $33,000 after buying an additional 210 shares in the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

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.