Dollar Tree (NASDAQ:DLTR) Price Target Lowered to $100.00 at Guggenheim

Dollar Tree (NASDAQ:DLTR) had its price objective lowered by Guggenheim from $120.00 to $100.00 in a research report sent to investors on Friday,Benzinga reports. The brokerage currently has a buy rating on the stock.

DLTR has been the subject of a number of other reports. JPMorgan Chase & Co. boosted their price objective on shares of Dollar Tree from $70.00 to $82.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Redburn Atlantic raised shares of Dollar Tree to a “hold” rating in a research note on Monday, September 23rd. Evercore ISI reduced their price objective on Dollar Tree from $94.00 to $92.00 and set an “in-line” rating on the stock in a research note on Tuesday, December 3rd. Barclays decreased their price objective on Dollar Tree from $128.00 to $81.00 and set an “equal weight” rating on the stock in a report on Thursday, September 5th. Finally, Truist Financial increased their target price on Dollar Tree from $79.00 to $83.00 and gave the company a “buy” rating in a report on Thursday. Seventeen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $85.58.

Dollar Tree Trading Down 1.0 %

Shares of DLTR stock opened at $71.87 on Friday. The business has a 50-day moving average price of $67.55 and a two-hundred day moving average price of $86.79. Dollar Tree has a 12-month low of $60.49 and a 12-month high of $151.21. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. The firm has a market cap of $15.45 billion, a P/E ratio of -15.07, a price-to-earnings-growth ratio of 2.92 and a beta of 0.92.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Wednesday, December 4th. The company reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.05. The company had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $7.45 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. Dollar Tree’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.97 EPS. Equities analysts anticipate that Dollar Tree will post 5.37 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Strategic Financial Concepts LLC bought a new position in Dollar Tree in the second quarter worth about $26,000. Mather Group LLC. grew its holdings 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 acquiring an additional 187 shares during the period. Eastern Bank bought a new position in shares of Dollar Tree in the 3rd quarter worth approximately $34,000. First Horizon Advisors Inc. lifted its stake in shares of Dollar Tree by 105.6% in 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 during the period. Finally, Sunbelt Securities Inc. boosted its position in shares of Dollar Tree by 738.7% during the third quarter. Sunbelt Securities Inc. now owns 629 shares of the company’s stock valued at $44,000 after purchasing an additional 554 shares in the last quarter. 97.40% of the stock is currently 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.