Dollar Tree (NASDAQ:DLTR) PT Lowered to $84.00 at KeyCorp

Dollar Tree (NASDAQ:DLTR) had its target price decreased by KeyCorp from $145.00 to $84.00 in a report released on Thursday morning, Benzinga reports. KeyCorp currently has an overweight rating on the stock.

Other analysts also recently issued reports about the company. Citigroup downgraded Dollar Tree from a buy rating to a neutral rating and lowered their price objective for the stock from $163.00 to $120.00 in a research note on Thursday, June 6th. Wells Fargo & Company lowered their price target on Dollar Tree from $160.00 to $130.00 and set an overweight rating for the company in a research report on Tuesday, August 27th. UBS Group cut their price objective on shares of Dollar Tree from $170.00 to $155.00 and set a buy rating on the stock in a report on Friday, June 28th. Evercore ISI increased their target price on shares of Dollar Tree from $136.00 to $137.00 and gave the company an in-line rating in a report on Thursday, June 20th. Finally, Loop Capital lowered shares of Dollar Tree from a buy rating to a hold rating and set a $65.00 price target on the stock. in a research 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 stock. According to data from MarketBeat.com, the stock has an average rating of Hold and an average price target of $95.00.

Dollar Tree Stock Performance

NASDAQ DLTR opened at $66.50 on Thursday. The company has a market cap of $14.29 billion, a P/E ratio of -14.49, a PEG ratio of 0.93 and a beta of 0.87. The company has a fifty day simple moving average of $97.85 and a 200 day simple moving average of $114.94. 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 has a 12-month low of $60.81 and a 12-month high of $151.21.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data 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). The business had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.49 billion. Dollar Tree had a negative net margin of 3.23% and a positive return on equity of 15.67%. The firm’s quarterly revenue was up .7% on a year-over-year basis. During the same period last year, the business posted $0.91 earnings per share. Sell-side analysts predict that Dollar Tree will post 6.46 earnings per share for the current fiscal year.

Insider Activity at Dollar Tree

In other Dollar Tree news, insider Robert Aflatooni sold 827 shares of the business’s 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 sale, the insider now directly owns 9,725 shares in the company, valued at $1,026,765.50. The sale was disclosed in a filing with the SEC, which is accessible through this link. 6.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Dollar Tree

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Capital World Investors lifted its stake in shares of Dollar Tree by 2.8% during the 4th quarter. Capital World Investors now owns 17,608,690 shares of the company’s stock valued at $2,501,314,000 after buying an additional 487,180 shares in the last quarter. Capital International Investors raised its holdings in Dollar Tree by 30.1% during the 4th quarter. Capital International Investors now owns 10,581,632 shares of the company’s stock valued at $1,503,123,000 after acquiring an additional 2,445,827 shares during the period. FIL Ltd lifted its position in shares of Dollar Tree by 96.0% during the fourth quarter. FIL Ltd now owns 3,197,638 shares of the company’s stock worth $454,224,000 after acquiring an additional 1,566,392 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Dollar Tree by 2.6% in the fourth quarter. Wellington Management Group LLP now owns 2,881,772 shares of the company’s stock worth $409,356,000 after acquiring an additional 73,588 shares during the period. Finally, Primecap Management Co. CA grew its position in shares of Dollar Tree by 50.0% in the second quarter. Primecap Management Co. CA now owns 2,872,460 shares of the company’s stock valued at $306,693,000 after purchasing an additional 957,275 shares in the last quarter. Institutional investors own 97.40% of the company’s stock.

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.