Dollar Tree (NASDAQ:DLTR) Price Target Lowered to $65.00 at BMO Capital Markets

Dollar Tree (NASDAQ:DLTR) had its price objective cut by BMO Capital Markets from $68.00 to $65.00 in a research note published on Monday,Benzinga reports. They currently have a market perform rating on the stock.

A number of other analysts have also recently weighed in on the company. UBS Group lowered their price target on Dollar Tree from $155.00 to $105.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Citigroup decreased their target price on Dollar Tree from $120.00 to $64.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. KeyCorp cut Dollar Tree from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 7th. Piper Sandler decreased their target price on Dollar Tree from $112.00 to $67.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. Finally, Evercore ISI decreased their target price on Dollar Tree from $105.00 to $100.00 and set an “in-line” rating on the stock in a report on Tuesday, October 22nd. Sixteen analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $87.95.

Dollar Tree Stock Performance

Shares of NASDAQ:DLTR opened at $66.53 on Monday. The business’s fifty day moving average price is $67.93 and its two-hundred day moving average price is $91.62. Dollar Tree has a fifty-two week low of $60.49 and a fifty-two week high of $151.21. The stock has a market capitalization of $14.30 billion, a price-to-earnings ratio of -13.63, a price-to-earnings-growth ratio of 2.71 and a beta of 0.87. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.02 and a quick ratio of 0.17.

Dollar Tree (NASDAQ:DLTR) last announced 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 3.44% and a positive return on equity of 15.77%. The company had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.49 billion. During the same quarter last year, the company earned $0.91 earnings per share. The business’s revenue was up .7% on a year-over-year basis. As a group, analysts predict that Dollar Tree will post 5.35 EPS for the current fiscal year.

Insider Activity at Dollar Tree

In other news, Director Daniel J. Heinrich bought 2,200 shares of the stock in a transaction on Friday, September 6th. The stock was purchased at an average price of $68.27 per share, for a total transaction of $150,194.00. Following the acquisition, the director now owns 9,823 shares in the company, valued at approximately $670,616.21. This trade represents a 28.86 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 6.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Dollar Tree

Large investors have recently added to or reduced their stakes in the company. Mather Group LLC. boosted its stake in shares of Dollar Tree by 198.9% during 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. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Dollar Tree in the 2nd quarter valued at about $37,000. Blue Trust Inc. lifted its stake in Dollar Tree by 174.5% in the 2nd quarter. Blue Trust Inc. now owns 431 shares of the company’s stock valued at $46,000 after purchasing an additional 274 shares during the last quarter. Eastern Bank acquired a new stake in Dollar Tree in the 3rd quarter valued at about $34,000. Finally, EverSource Wealth Advisors LLC lifted its stake in Dollar Tree by 29.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 486 shares of the company’s stock valued at $65,000 after purchasing an additional 110 shares during 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.