Dollar Tree (NASDAQ:DLTR) Given New $95.00 Price Target at Guggenheim

Dollar Tree (NASDAQ:DLTR) had its price objective decreased by Guggenheim from $100.00 to $95.00 in a report issued on Friday morning,Benzinga reports. Guggenheim currently has a buy rating on the stock.

Several other equities research analysts have also commented on DLTR. JPMorgan Chase & Co. lowered their price objective on Dollar Tree from $88.00 to $78.00 and set a “neutral” rating on the stock in a research report on Thursday. Jefferies Financial Group increased their price target on shares of Dollar Tree from $70.00 to $75.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Truist Financial cut their price objective on shares of Dollar Tree from $83.00 to $76.00 and set a “buy” rating for the company in a report on Tuesday, March 25th. StockNews.com raised shares of Dollar Tree from a “sell” rating to a “hold” rating in a research note on Thursday, December 5th. Finally, Citigroup lifted their price target on Dollar Tree from $64.00 to $76.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. Sixteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $83.42.

Dollar Tree Stock Down 5.5 %

Dollar Tree stock opened at $72.75 on Friday. Dollar Tree has a 1-year low of $60.49 and a 1-year high of $137.14. The business has a fifty day moving average price of $71.17 and a 200-day moving average price of $70.27. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. The stock has a market capitalization of $15.65 billion, a price-to-earnings ratio of -15.25, a PEG ratio of 2.16 and a beta of 0.91.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.09). Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The company had revenue of $5 billion during the quarter, compared to analysts’ expectations of $8.23 billion. During the same period in the prior year, the business posted $2.55 EPS. The company’s quarterly revenue was up .7% on a year-over-year basis. Equities research analysts forecast that Dollar Tree will post 5.39 EPS for the current fiscal year.

Hedge Funds Weigh In On Dollar Tree

A number of institutional investors have recently modified their holdings of the company. Kovitz Investment Group Partners LLC grew its stake in Dollar Tree by 382.7% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 6,524,870 shares of the company’s stock worth $488,974,000 after acquiring an additional 5,173,238 shares during the period. Marshall Wace LLP grew its position in shares of Dollar Tree by 784.2% in the fourth quarter. Marshall Wace LLP now owns 4,377,366 shares of the company’s stock valued at $328,040,000 after purchasing an additional 3,882,324 shares during the period. Balyasny Asset Management L.P. grew its position in shares of Dollar Tree by 2,489.9% in the fourth quarter. Balyasny Asset Management L.P. now owns 2,621,456 shares of the company’s stock valued at $196,452,000 after purchasing an additional 2,520,237 shares during the period. Norges Bank acquired a new position in Dollar Tree in the fourth quarter valued at $171,149,000. Finally, Capital International Investors lifted its position in Dollar Tree by 30.1% during the fourth quarter. Capital International Investors now owns 8,753,693 shares of the company’s stock worth $656,000,000 after buying an additional 2,023,819 shares during the period. Institutional investors and hedge funds 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.