Dollar Tree (NASDAQ:DLTR) had its price target reduced by research analysts at Credit Suisse Group from $125.00 to $108.00 in a research note issued to investors on Wednesday, The Fly reports. The brokerage currently has an “outperform” rating on the stock. Credit Suisse Group’s price target would indicate a potential upside of 16.09% from the stock’s previous close.
Several other equities research analysts have also recently weighed in on DLTR. ValuEngine cut shares of Dollar Tree from a “hold” rating to a “sell” rating in a research report on Wednesday. UBS Group set a $120.00 price objective on shares of Dollar Tree and gave the company a “buy” rating in a research report on Friday, October 11th. Gordon Haskett cut shares of Dollar Tree from a “buy” rating to an “accumulate” rating in a research report on Tuesday. BMO Capital Markets lowered their price objective on shares of Dollar Tree from $102.00 to $98.00 and set a “market perform” rating for the company in a research report on Wednesday. Finally, Buckingham Research set a $116.00 price objective on shares of Dollar Tree and gave the company a “buy” rating in a research report on Friday, August 23rd. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $105.80.
DLTR opened at $93.03 on Wednesday. The company has a current ratio of 1.09, a quick ratio of 0.21 and a debt-to-equity ratio of 1.33. The stock has a market capitalization of $22.54 billion, a PE ratio of 17.07, a PEG ratio of 2.53 and a beta of 0.55. Dollar Tree has a 1-year low of $81.71 and a 1-year high of $119.71. The firm has a 50-day moving average price of $111.35 and a two-hundred day moving average price of $106.47.
Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Tuesday, November 26th. The company reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.05). The company had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.74 billion. Dollar Tree had a negative net margin of 6.82% and a positive return on equity of 20.85%. The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.18 EPS. On average, research analysts predict that Dollar Tree will post 4.97 EPS for the current year.
In related news, insider Gary Maxwell sold 2,800 shares of Dollar Tree stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $107.15, for a total transaction of $300,020.00. Following the transaction, the insider now owns 7,254 shares of the company’s stock, valued at approximately $777,266.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Bob Sasser sold 70,000 shares of Dollar Tree stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $115.92, for a total transaction of $8,114,400.00. Following the transaction, the chairman now directly owns 719 shares in the company, valued at approximately $83,346.48. The disclosure for this sale can be found here. Insiders have sold a total of 81,519 shares of company stock worth $9,408,464 in the last three months. 1.40% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Legacy Advisors LLC acquired a new stake in Dollar Tree during the 2nd quarter worth approximately $76,000. Raymond James Trust N.A. raised its holdings in Dollar Tree by 21.6% during the 2nd quarter. Raymond James Trust N.A. now owns 2,839 shares of the company’s stock worth $305,000 after buying an additional 505 shares during the period. Forte Capital LLC ADV raised its holdings in Dollar Tree by 1.8% during the 2nd quarter. Forte Capital LLC ADV now owns 33,867 shares of the company’s stock worth $3,637,000 after buying an additional 610 shares during the period. NEXT Financial Group Inc acquired a new stake in Dollar Tree during the 2nd quarter worth approximately $70,000. Finally, Commonwealth Equity Services LLC raised its holdings in Dollar Tree by 3.9% during the 2nd quarter. Commonwealth Equity Services LLC now owns 30,244 shares of the company’s stock worth $3,247,000 after buying an additional 1,147 shares during the period. 93.06% of the stock is currently owned by institutional investors and hedge funds.
About Dollar Tree
Dollar Tree, Inc operates discount variety retail stores. It operates through two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods that include Valentine's Day, Easter, Halloween, and Christmas merchandise.
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