Dollar Tree (NASDAQ:DLTR) Stock Rating Lowered by StockNews.com

Dollar Tree (NASDAQ:DLTR) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Wednesday.

DLTR has been the topic of several other research reports. Morgan Stanley dropped their price objective on Dollar Tree from $130.00 to $80.00 and set an “equal weight” rating on the stock in a report on Thursday, September 5th. Citigroup reduced their target price on Dollar Tree from $120.00 to $64.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. Piper Sandler lowered their price target on Dollar Tree from $112.00 to $67.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. Sanford C. Bernstein started coverage on shares of Dollar Tree in a report on Tuesday, October 22nd. They set a “market perform” rating and a $76.00 target price for the company. Finally, Guggenheim cut their price target on Dollar Tree from $150.00 to $120.00 and set a “buy” rating for the company in a report on Friday, September 6th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $87.95.

Dollar Tree Price Performance

Shares of DLTR stock opened at $65.75 on Wednesday. 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 has a one year low of $60.49 and a one year high of $151.21. The company’s 50-day simple moving average is $67.81 and its two-hundred day simple moving average is $90.85. The company has a market capitalization of $14.14 billion, a P/E ratio of -13.47, a P/E/G ratio of 2.57 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Wednesday, September 4th. The company reported $0.67 EPS for the quarter, missing the consensus estimate 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 business had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.49 billion. During the same period in the previous year, the company posted $0.91 earnings per share. Dollar Tree’s revenue for the quarter was up .7% compared to the same quarter last year. As a group, equities analysts anticipate that Dollar Tree will post 5.35 EPS for the current year.

Insider Activity

In related news, Director Daniel J. Heinrich acquired 2,200 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was acquired at an average price of $68.27 per share, for a total transaction of $150,194.00. Following the completion of the acquisition, the director now owns 9,823 shares of the company’s stock, valued at approximately $670,616.21. This represents a 28.86 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 6.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Dollar Tree

A number of institutional investors and hedge funds have recently made changes to their positions in DLTR. Empower Advisory Group LLC boosted its stake in shares of Dollar Tree by 41.3% during the third quarter. Empower Advisory Group LLC now owns 659,747 shares of the company’s stock valued at $46,393,000 after purchasing an additional 192,754 shares during the period. Farther Finance Advisors LLC increased its stake in shares of Dollar Tree by 374.4% during the third quarter. Farther Finance Advisors LLC now owns 2,277 shares of the company’s stock valued at $160,000 after purchasing an additional 1,797 shares in the last quarter. Equity Investment Corp raised its stake in Dollar Tree by 95.9% during the third quarter. Equity Investment Corp now owns 1,525,374 shares of the company’s stock valued at $107,264,000 after buying an additional 746,913 shares during the last quarter. Sanctuary Advisors LLC bought a new position in Dollar Tree in the 2nd quarter worth about $779,000. Finally, Anthracite Investment Company Inc. bought a new position in shares of Dollar Tree in the third quarter worth approximately $2,813,000. Hedge funds and other 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.