Dollar Tree (NASDAQ:DLTR) Lowered to “Hold” at Loop Capital

Loop Capital lowered shares of Dollar Tree (NASDAQ:DLTR) from a buy rating to a hold rating in a research report report published on Thursday, MarketBeat Ratings reports. The firm currently has $65.00 target price on the stock.

A number of other research firms also recently weighed in on DLTR. Wells Fargo & Company cut their price target on Dollar Tree from $160.00 to $130.00 and set an overweight rating on the stock in a research note on Tuesday, August 27th. JPMorgan Chase & Co. cut shares of Dollar Tree from an overweight rating to a neutral rating and reduced their target price for the stock from $111.00 to $70.00 in a report on Wednesday. BMO Capital Markets cut Dollar Tree from an outperform rating to a market perform rating and reduced their price target for the company from $130.00 to $68.00 in a research report on Thursday. Citigroup downgraded Dollar Tree from a buy rating to a neutral rating and reduced their target price for the stock from $163.00 to $120.00 in a research note on Thursday, June 6th. Finally, Evercore ISI boosted their price target on Dollar Tree from $136.00 to $137.00 and gave the company an in-line rating in a research note on Thursday, June 20th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Dollar Tree currently has an average rating of Hold and a consensus target price of $95.00.

Dollar Tree Stock Performance

DLTR opened at $66.50 on Thursday. Dollar Tree has a 1 year low of $60.81 and a 1 year high of $151.21. The company has a current ratio of 1.28, a quick ratio of 0.23 and a debt-to-equity ratio of 0.47. The stock has a market cap of $14.29 billion, a PE ratio of -14.49, a P/E/G ratio of 0.93 and a beta of 0.87. The stock’s 50 day simple moving average is $97.85 and its 200-day simple moving average is $114.94.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results on Wednesday, September 4th. The company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.37). The firm had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.49 billion. Dollar Tree had a negative net margin of 3.23% and a positive return on equity of 15.67%. Dollar Tree’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter last year, the firm earned $0.91 earnings per share. Sell-side analysts forecast that Dollar Tree will post 6.46 EPS for the current year.

Insider Buying and Selling at Dollar Tree

In other Dollar Tree news, insider Robert Aflatooni sold 827 shares of Dollar Tree stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $105.58, for a total transaction of $87,314.66. Following the transaction, the insider now directly owns 9,725 shares of the company’s stock, valued at approximately $1,026,765.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Dollar Tree

Institutional investors have recently added to or reduced their stakes in the business. ICA Group Wealth Management LLC acquired a new stake in shares of Dollar Tree in the 4th quarter valued at about $26,000. United Community Bank bought a new position in shares of Dollar Tree during the 4th quarter valued at approximately $27,000. Register Financial Advisors LLC bought a new position in Dollar Tree during the first quarter worth about $28,000. Mather Group LLC. grew its position in shares of Dollar Tree by 198.9% in the second quarter. Mather Group LLC. now owns 281 shares of the company’s stock valued at $30,000 after purchasing an additional 187 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Dollar Tree in the second quarter valued at approximately $37,000. 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.