Dollar Tree (NASDAQ:DLTR) Given New $120.00 Price Target at Guggenheim

Dollar Tree (NASDAQ:DLTR) had its price objective cut by Guggenheim from $150.00 to $120.00 in a report published on Friday morning, Benzinga reports. They currently have a buy rating on the stock.

Several other analysts have also issued reports on DLTR. Telsey Advisory Group cut their target price on Dollar Tree from $120.00 to $95.00 and set an outperform rating for the company in a research note on Thursday. JPMorgan Chase & Co. cut shares of Dollar Tree from an overweight rating to a neutral rating and cut their price objective for the company from $111.00 to $70.00 in a research note on Wednesday. Barclays decreased their target price on shares of Dollar Tree from $128.00 to $81.00 and set an equal weight rating on the stock in a research report on Thursday. Piper Sandler cut their price target on shares of Dollar Tree from $112.00 to $67.00 and set a neutral rating for the company in a research report on Thursday. Finally, UBS Group decreased their price objective on Dollar Tree from $155.00 to $105.00 and set a buy rating on the stock in a report on Thursday. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and an average target price of $95.00.

Dollar Tree Stock Performance

Dollar Tree stock opened at $66.50 on Friday. Dollar Tree has a fifty-two week low of $60.81 and a fifty-two week high of $151.21. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.23 and a current ratio of 1.28. The stock has a market cap of $14.29 billion, a P/E ratio of -14.49, a price-to-earnings-growth ratio of 0.93 and a beta of 0.87. The firm’s fifty day moving average price is $97.85 and its 200-day moving average price is $115.16.

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 analysts’ consensus estimates of $1.04 by ($0.37). Dollar Tree had a negative net margin of 3.23% and a positive return on equity of 15.67%. The firm 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 business earned $0.91 EPS. The company’s revenue for the quarter was up .7% on a year-over-year basis. On average, equities research analysts expect that Dollar Tree will post 6.46 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Robert Aflatooni sold 827 shares of Dollar Tree stock in a transaction dated Tuesday, June 25th. The shares were 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 approximately $1,026,765.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Dollar Tree

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. ICA Group Wealth Management LLC purchased a new position in Dollar Tree during the fourth quarter valued at $26,000. Strategic Financial Concepts LLC purchased a new position in shares of Dollar Tree during the second quarter valued at approximately $26,000. United Community Bank purchased a new position in shares of Dollar Tree during the fourth quarter valued at approximately $27,000. Register Financial Advisors LLC bought a new stake in shares of Dollar Tree in the 1st quarter worth approximately $28,000. Finally, Mather Group LLC. grew its stake in shares of Dollar Tree by 198.9% in the 2nd quarter. Mather Group LLC. now owns 281 shares of the company’s stock worth $30,000 after buying an additional 187 shares during the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.

Dollar Tree Company Profile

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.