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 research report report published on Wednesday.

DLTR has been the topic of several other research reports. UBS Group reduced their price target on shares of Dollar Tree from $155.00 to $105.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. The Goldman Sachs Group reduced their target price on shares of Dollar Tree from $145.00 to $90.00 and set a “buy” rating on the stock in a research report on Tuesday, September 10th. BMO Capital Markets lowered their price target on shares of Dollar Tree from $68.00 to $65.00 and set a “market perform” rating for the company in a report on Monday, November 18th. Guggenheim dropped their price objective on shares of Dollar Tree from $150.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, September 6th. Finally, Redburn Atlantic upgraded Dollar Tree to a “hold” rating in a research report on Monday, September 23rd. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $87.95.

Dollar Tree Price Performance

Shares of Dollar Tree stock opened at $66.40 on Wednesday. The stock has a market capitalization of $14.28 billion, a price-to-earnings ratio of -13.61, a P/E/G ratio of 2.60 and a beta of 0.87. The firm’s 50-day moving average price is $67.75 and its two-hundred day moving average price is $90.26. The company has a current ratio of 1.02, a quick ratio of 0.17 and a debt-to-equity ratio of 0.33. Dollar Tree has a 1-year low of $60.49 and a 1-year high of $151.21.

Dollar Tree (NASDAQ:DLTR) last released 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). The business had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.49 billion. Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. The company’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the prior year, the business earned $0.91 earnings per share. On average, equities analysts predict that Dollar Tree will post 5.35 earnings per share for the current fiscal year.

Insider Activity at Dollar Tree

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

Institutional Trading of Dollar Tree

A number of large investors have recently bought and sold shares of the business. Empower Advisory Group LLC increased its holdings in Dollar Tree by 41.3% during the 3rd quarter. Empower Advisory Group LLC now owns 659,747 shares of the company’s stock worth $46,393,000 after purchasing an additional 192,754 shares in the last quarter. Farther Finance Advisors LLC grew its holdings 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 worth $160,000 after buying an additional 1,797 shares in the last quarter. Equity Investment Corp raised its position in Dollar Tree by 95.9% in the 3rd 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. Anthracite Investment Company Inc. bought a new stake in Dollar Tree in the 3rd quarter valued at approximately $2,813,000. Finally, Sanctuary Advisors LLC acquired a new position in Dollar Tree during the 2nd quarter worth approximately $779,000. 97.40% of the stock is owned by institutional investors.

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.