Dollar Tree (NASDAQ:DLTR) Given New $155.00 Price Target at UBS Group

Dollar Tree (NASDAQ:DLTR) had its price objective lowered by UBS Group from $170.00 to $155.00 in a report released on Friday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other equities research analysts have also recently commented on the company. Truist Financial cut their price target on Dollar Tree from $147.00 to $140.00 and set a buy rating for the company in a research note on Thursday, June 6th. KeyCorp upgraded Dollar Tree from a sector weight rating to an overweight rating and set a $150.00 price objective for the company in a research report on Wednesday, May 1st. BMO Capital Markets cut their price objective on Dollar Tree from $150.00 to $145.00 and set an outperform rating for the company in a research report on Thursday, June 6th. Loop Capital cut their price objective on Dollar Tree from $195.00 to $170.00 and set a buy rating for the company in a research report on Thursday, March 14th. Finally, Citigroup cut Dollar Tree from a buy rating to a neutral rating and cut their price objective for the stock from $163.00 to $120.00 in a research report on Thursday, June 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $142.45.

Dollar Tree Price Performance

DLTR stock opened at $107.25 on Friday. The company has a market capitalization of $23.05 billion, a P/E ratio of -23.37, a PEG ratio of 1.14 and a beta of 0.90. Dollar Tree has a twelve month low of $101.85 and a twelve month high of $154.96. The business has a 50 day simple moving average of $114.77 and a 200-day simple moving average of $128.49. The company has a current ratio of 1.28, a quick ratio of 0.23 and a debt-to-equity ratio of 0.47.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Wednesday, June 5th. The company reported $1.43 earnings per share for the quarter, meeting the consensus estimate of $1.43. Dollar Tree had a positive return on equity of 15.67% and a negative net margin of 3.23%. The business had revenue of $7.63 billion during the quarter, compared to the consensus estimate of $7.63 billion. During the same period in the prior year, the company earned $1.47 earnings per share. The company’s revenue was up 4.2% compared to the same quarter last year. As a group, equities analysts anticipate that Dollar Tree will post 6.66 EPS for the current year.

Insider Activity at Dollar Tree

In related news, insider Robert Aflatooni sold 827 shares of the stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $105.58, for a total transaction of $87,314.66. Following the sale, the insider now owns 9,725 shares of the company’s stock, valued at $1,026,765.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 6.80% of the company’s stock.

Institutional Trading of Dollar Tree

A number of hedge funds have recently added to or reduced their stakes in the business. International Assets Investment Management LLC purchased a new position in shares of Dollar Tree in the 4th quarter worth about $15,638,000. DAVENPORT & Co LLC raised its holdings in shares of Dollar Tree by 155.2% in the 4th quarter. DAVENPORT & Co LLC now owns 31,275 shares of the company’s stock worth $4,443,000 after purchasing an additional 19,019 shares during the period. Dorsal Capital Management LP purchased a new position in shares of Dollar Tree in the 4th quarter worth about $35,512,000. Wellington Management Group LLP raised its holdings in shares of Dollar Tree by 2.6% in the 4th quarter. Wellington Management Group LLP now owns 2,881,772 shares of the company’s stock worth $409,356,000 after purchasing an additional 73,588 shares during the period. Finally, Teachers Retirement System of The State of Kentucky raised its holdings in shares of Dollar Tree by 92.6% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 146,614 shares of the company’s stock worth $20,826,000 after purchasing an additional 70,478 shares during the period. 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.