Wells Fargo & Company Cuts Dollar Tree (NASDAQ:DLTR) Price Target to $130.00

Dollar Tree (NASDAQ:DLTR) had its price target reduced by Wells Fargo & Company from $160.00 to $130.00 in a report issued on Tuesday morning, Benzinga reports. They currently have an overweight rating on the stock.

Other research analysts have also recently issued reports about the stock. Telsey Advisory Group decreased their price objective on shares of Dollar Tree from $160.00 to $155.00 and set an outperform rating for the company in a report on Thursday, June 6th. Citigroup cut Dollar Tree from a buy rating to a neutral rating and lowered their price target for the company from $163.00 to $120.00 in a research report on Thursday, June 6th. Morgan Stanley cut their price objective on Dollar Tree from $135.00 to $130.00 and set an equal weight rating for the company in a report on Thursday, June 6th. BMO Capital Markets lowered their target price on Dollar Tree from $150.00 to $145.00 and set an outperform rating on the stock in a report on Thursday, June 6th. Finally, JPMorgan Chase & Co. upped their price target on shares of Dollar Tree from $135.00 to $148.00 and gave the company an overweight rating in a report on Thursday, July 18th. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of $139.50.

Dollar Tree Stock Down 10.2 %

DLTR opened at $84.79 on Tuesday. The stock’s 50 day moving average price is $102.02 and its 200 day moving average price is $118.18. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.28 and a quick ratio of 0.23. The stock has a market cap of $18.23 billion, a P/E ratio of -18.47, a P/E/G ratio of 1.07 and a beta of 0.88. Dollar Tree has a 12 month low of $84.77 and a 12 month high of $151.21.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Wednesday, June 5th. The company reported $1.43 EPS for the quarter, meeting analysts’ consensus estimates of $1.43. The company had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.63 billion. Dollar Tree had a positive return on equity of 15.67% and a negative net margin of 3.23%. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period last year, the company earned $1.47 earnings per share. As a group, research analysts predict that Dollar Tree will post 6.63 earnings per share for the current year.

Insider Buying and Selling at Dollar Tree

In other 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 value of $87,314.66. Following the completion of the sale, the insider now owns 9,725 shares in the company, valued at $1,026,765.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Dollar Tree

Large investors have recently made changes to their positions in the business. ICA Group Wealth Management LLC purchased a new position in Dollar Tree during the fourth quarter valued at approximately $26,000. Strategic Financial Concepts LLC acquired a new stake in shares of Dollar Tree during the 2nd quarter valued at $26,000. United Community Bank purchased a new position in shares of Dollar Tree during the 4th quarter valued at $27,000. Register Financial Advisors LLC acquired a new position in shares of Dollar Tree in the first quarter worth $28,000. Finally, Mather Group LLC. increased its stake in shares of 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 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.