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

StockNews.com lowered shares of Dollar Tree (NASDAQ:DLTR) from a hold rating to a sell rating in a report issued on Wednesday.

A number of other brokerages have also recently commented on DLTR. Truist Financial decreased their price target on Dollar Tree from $140.00 to $79.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Wells Fargo & Company dropped their target price on shares of Dollar Tree from $130.00 to $100.00 and set an “overweight” rating for the company in a research report on Thursday, September 5th. Guggenheim reduced their price target on shares of Dollar Tree from $150.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, September 6th. Loop Capital cut shares of Dollar Tree from a “buy” rating to a “hold” rating and set a $65.00 price objective on the stock. in a research note on Thursday, September 5th. Finally, Redburn Atlantic upgraded Dollar Tree to a “hold” rating in a research note on Monday, September 23rd. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $87.95.

Dollar Tree Stock Performance

NASDAQ DLTR opened at $66.40 on Wednesday. Dollar Tree has a 12-month low of $60.49 and a 12-month high of $151.21. The firm has a 50-day moving average price of $67.75 and a two-hundred day moving average price of $90.48. The company has a market capitalization of $14.28 billion, a P/E ratio of -13.61, a P/E/G ratio of 2.57 and a beta of 0.87. The company has a quick ratio of 0.17, a current ratio of 1.02 and a debt-to-equity ratio of 0.33.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share (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 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 firm posted $0.91 earnings per share. The company’s quarterly revenue was up .7% on a year-over-year basis. Analysts anticipate that Dollar Tree will post 5.35 earnings per share for the current year.

Insider Buying and Selling at Dollar Tree

In related news, Director Daniel J. Heinrich acquired 2,200 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were bought at an average cost of $68.27 per share, with a total value of $150,194.00. Following the completion of the purchase, the director now directly owns 9,823 shares in the company, valued at $670,616.21. The trade was a 28.86 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Strategic Financial Concepts LLC acquired a new stake in shares of Dollar Tree during the second quarter worth $26,000. Mather Group LLC. grew its holdings in 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 acquiring an additional 187 shares during the period. Eastern Bank bought a new position in shares of Dollar Tree in the 3rd quarter worth about $34,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Dollar Tree in the 2nd quarter valued at about $37,000. Finally, First Horizon Advisors Inc. boosted its position in shares of Dollar Tree by 105.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock valued at $39,000 after purchasing an additional 284 shares in the last quarter. Institutional investors own 97.40% of the company’s stock.

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.