Dollar Tree (NASDAQ:DLTR) Downgraded by StockNews.com to “Sell”

Dollar Tree (NASDAQ:DLTR) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Wednesday.

DLTR has been the topic of a number of other research reports. Melius Research initiated coverage on Dollar Tree in a research note on Monday, September 23rd. They issued a “hold” rating and a $70.00 target price on the stock. UBS Group reduced their target price on Dollar Tree from $155.00 to $105.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Piper Sandler reduced their target price on Dollar Tree from $112.00 to $67.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. KeyCorp lowered Dollar Tree from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 7th. Finally, Telsey Advisory Group lowered Dollar Tree from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $95.00 to $75.00 in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $87.95.

Dollar Tree Stock Performance

NASDAQ:DLTR opened at $64.87 on Wednesday. The stock’s fifty day moving average is $67.92 and its 200 day moving average is $91.22. Dollar Tree has a fifty-two week low of $60.49 and a fifty-two week high of $151.21. The firm has a market capitalization of $13.95 billion, a PE ratio of -13.29, a PEG ratio of 2.54 and a beta of 0.87. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.17 and a current ratio of 1.02.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share 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 company 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 posted $0.91 EPS. The business’s quarterly revenue was up .7% on a year-over-year basis. On average, sell-side analysts anticipate that Dollar Tree will post 5.35 earnings per share for the current year.

Insider Activity at Dollar Tree

In other Dollar Tree news, Director Daniel J. Heinrich purchased 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 acquisition, the director now owns 9,823 shares in the company, valued at $670,616.21. The trade was a 28.86 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 6.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Dollar Tree

Several institutional investors have recently added to or reduced their stakes in DLTR. Strategic Financial Concepts LLC acquired a new stake in Dollar Tree in the second quarter worth about $26,000. Mather Group LLC. boosted its holdings in 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 in the last quarter. Eastern Bank acquired a new stake in Dollar Tree in the third quarter worth about $34,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Dollar Tree in the second quarter worth about $37,000. Finally, First Horizon Advisors Inc. raised its stake in shares of Dollar Tree by 105.6% in the third quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock worth $39,000 after purchasing an additional 284 shares during the last quarter. Institutional investors and hedge funds 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.