UBS Group Cuts Dollar Tree (NASDAQ:DLTR) Price Target to $95.00

Dollar Tree (NASDAQ:DLTR) had its price objective decreased by UBS Group from $105.00 to $95.00 in a research note released on Friday morning,Benzinga reports. UBS Group currently has a buy rating on the stock.

Several other analysts have also recently commented on DLTR. Piper Sandler reiterated a “neutral” rating and issued a $72.00 price objective (up previously from $67.00) on shares of Dollar Tree in a research note on Thursday, December 5th. Evercore ISI decreased their price target 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. StockNews.com raised Dollar Tree from a “sell” rating to a “hold” rating in a research note on Thursday, December 5th. Jefferies Financial Group lifted their price objective on Dollar Tree from $70.00 to $75.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Finally, Wells Fargo & Company lowered their target price on Dollar Tree from $100.00 to $85.00 and set an “overweight” rating on the stock in a report on Friday, March 7th. Sixteen investment 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 has an average rating of “Hold” and an average target price of $84.26.

Dollar Tree Trading Up 3.3 %

NASDAQ:DLTR opened at $66.75 on Friday. Dollar Tree has a 1 year low of $60.49 and a 1 year high of $137.14. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. The stock has a fifty day moving average price of $71.15 and a two-hundred day moving average price of $70.12. The stock has a market capitalization of $14.35 billion, a price-to-earnings ratio of -13.99, a PEG ratio of 2.16 and a beta of 0.91.

Hedge Funds Weigh In On Dollar Tree

Several institutional investors have recently added to or reduced their stakes in the business. Assetmark Inc. increased its stake in shares of Dollar Tree by 74.1% during the 4th quarter. Assetmark Inc. now owns 350 shares of the company’s stock valued at $26,000 after acquiring an additional 149 shares during the last quarter. Bessemer Group Inc. increased its position in Dollar Tree by 34,600.0% during the fourth quarter. Bessemer Group Inc. now owns 347 shares of the company’s stock worth $26,000 after purchasing an additional 346 shares during the last quarter. Versant Capital Management Inc purchased a new position in Dollar Tree during the fourth quarter worth approximately $30,000. Parkside Financial Bank & Trust boosted its holdings in shares of Dollar Tree by 120.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 424 shares of the company’s stock valued at $32,000 after purchasing an additional 232 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake in shares of Dollar Tree by 91.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock valued at $33,000 after buying an additional 210 shares during the period. 97.40% of the stock is currently owned by institutional investors and hedge funds.

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.