Dollar Tree (NASDAQ:DLTR) PT Lowered to $140.00 at Morgan Stanley

Dollar Tree (NASDAQ:DLTR – Get Rating) had its target price dropped by research analysts at Morgan Stanley from $145.00 to $140.00 in a research note issued on Friday, The Fly reports. Morgan Stanley’s price objective would suggest a potential upside of 2.44% from the company’s current price.

DLTR has been the topic of several other research reports. Credit Suisse Group restated a “neutral” rating and set a $150.00 price objective on shares of Dollar Tree in a report on Thursday, March 2nd. StockNews.com started coverage on Dollar Tree in a report on Thursday, May 18th. They set a “hold” rating on the stock. JPMorgan Chase & Co. downgraded Dollar Tree from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $160.00 to $150.00 in a report on Thursday, March 2nd. Piper Sandler boosted their price objective on Dollar Tree from $167.00 to $173.00 and gave the stock an “overweight” rating in a report on Tuesday, February 28th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $165.00 price objective on shares of Dollar Tree in a report on Thursday, March 2nd. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $160.87.

Dollar Tree Price Performance

Shares of Dollar Tree stock opened at $136.66 on Friday. The company has a current ratio of 1.51, a quick ratio of 0.22 and a debt-to-equity ratio of 0.39. The company’s 50-day moving average price is $149.96 and its two-hundred day moving average price is $148.59. Dollar Tree has a 52 week low of $129.26 and a 52 week high of $175.68. The stock has a market cap of $30.23 billion, a PE ratio of 18.95, a price-to-earnings-growth ratio of 2.20 and a beta of 0.66.

Dollar Tree (NASDAQ:DLTR – Get Rating) last issued its quarterly earnings results on Thursday, May 25th. The company reported $1.47 EPS for the quarter, missing the consensus estimate of $1.54 by ($0.07). Dollar Tree had a return on equity of 19.19% and a net margin of 5.70%. The business had revenue of $7.32 billion during the quarter, compared to the consensus estimate of $7.27 billion. During the same quarter last year, the firm posted $2.37 earnings per share. Dollar Tree’s revenue was up 6.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Dollar Tree will post 6.59 EPS for the current fiscal year.

Insider Activity at Dollar Tree

In other news, CFO Jeffrey A. Davis purchased 1,790 shares of the stock in a transaction that occurred on Monday, March 27th. The stock was acquired at an average price of $139.06 per share, with a total value of $248,917.40. Following the purchase, the chief financial officer now owns 15,006 shares in the company, valued at approximately $2,086,734.36. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Jeffrey A. Davis bought 1,790 shares of Dollar Tree stock in a transaction that occurred on Monday, March 27th. The stock was purchased at an average cost of $139.06 per share, for a total transaction of $248,917.40. Following the acquisition, the chief financial officer now owns 15,006 shares in the company, valued at $2,086,734.36. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Richard W. Dreiling bought 7,100 shares of Dollar Tree stock in a transaction that occurred on Thursday, March 9th. The stock was bought at an average price of $142.00 per share, with a total value of $1,008,200.00. Following the completion of the acquisition, the chief executive officer now owns 7,118 shares in the company, valued at approximately $1,010,756. The disclosure for this purchase can be found here. 6.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Dollar Tree

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. ICA Group Wealth Management LLC acquired a new position in shares of Dollar Tree in the fourth quarter valued at $27,000. Glass Jacobson Investment Advisors llc acquired a new position in shares of Dollar Tree in the fourth quarter valued at $28,000. Massmutual Trust Co. FSB ADV raised its stake in shares of Dollar Tree by 92.3% in the first quarter. Massmutual Trust Co. FSB ADV now owns 200 shares of the company’s stock valued at $29,000 after purchasing an additional 96 shares in the last quarter. American National Bank raised its stake in shares of Dollar Tree by 905.0% in the fourth quarter. American National Bank now owns 201 shares of the company’s stock valued at $28,000 after purchasing an additional 181 shares in the last quarter. Finally, VitalStone Financial LLC acquired a new position in shares of Dollar Tree in the first quarter valued at $34,000. 97.04% of the stock is currently owned by institutional investors and hedge funds.

Dollar Tree Company Profile

(Get Rating)

Dollar Tree, Inc owns and operates discount variety stores offering merchandise at fixed prices. It operates through the Dollar Tree and Family Dollar segments. The Dollar Tree segment includes operations under Dollar Tree and Dollar Tree Canada brands, with its distribution centers in the United States and Canada.