Dollar Tree (NASDAQ:DLTR) Given New $120.00 Price Target at Telsey Advisory Group

Dollar Tree (NASDAQ:DLTR) had its target price cut by Telsey Advisory Group from $155.00 to $120.00 in a research note issued to investors on Friday morning, Marketbeat reports. They currently have an outperform rating on the stock.

Several other research firms also recently issued reports on DLTR. Morgan Stanley decreased their price objective on shares of Dollar Tree from $135.00 to $130.00 and set an equal weight rating for the company in a research note on Thursday, June 6th. Piper Sandler downgraded shares of Dollar Tree from an overweight rating to a neutral rating and decreased their price objective for the company from $143.00 to $112.00 in a research note on Tuesday, July 16th. BMO Capital Markets decreased their price objective on shares of Dollar Tree from $150.00 to $145.00 and set an outperform rating for the company in a research note on Thursday, June 6th. Citigroup downgraded shares of Dollar Tree from a buy rating to a neutral rating and decreased their price objective for the company from $163.00 to $120.00 in a research note on Thursday, June 6th. Finally, Wells Fargo & Company decreased their price objective on shares of Dollar Tree from $160.00 to $130.00 and set an overweight rating for the company in a research note on Tuesday. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of Moderate Buy and a consensus price target of $137.56.

Dollar Tree Stock Performance

Shares of DLTR stock opened at $84.49 on Friday. The company has a current ratio of 1.28, a quick ratio of 0.23 and a debt-to-equity ratio of 0.47. The firm has a fifty day moving average price of $101.57 and a 200 day moving average price of $117.95. The company has a market cap of $18.16 billion, a P/E ratio of -18.41, a PEG ratio of 1.07 and a beta of 0.88. Dollar Tree has a 12 month low of $83.72 and a 12 month high of $151.21.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Wednesday, June 5th. The company reported $1.43 EPS for the quarter, hitting analysts’ consensus estimates of $1.43. Dollar Tree had a negative net margin of 3.23% and a positive return on equity of 15.67%. The firm had revenue of $7.63 billion during the quarter, compared to the consensus estimate of $7.63 billion. During the same quarter in the previous year, the firm posted $1.47 earnings per share. The company’s revenue was up 4.2% compared to the same quarter last year. Sell-side analysts predict that Dollar Tree will post 6.63 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Robert Aflatooni sold 827 shares of the stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $105.58, for a total transaction of $87,314.66. Following the completion of the transaction, the insider now directly owns 9,725 shares of the company’s stock, valued at $1,026,765.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 6.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. ICA Group Wealth Management LLC purchased a new position in Dollar Tree in the fourth quarter valued at about $26,000. Strategic Financial Concepts LLC purchased a new position in Dollar Tree in the second quarter valued at about $26,000. United Community Bank purchased a new position in Dollar Tree in the fourth quarter valued at about $27,000. Register Financial Advisors LLC purchased a new position in Dollar Tree in the first quarter valued at about $28,000. Finally, Mather Group LLC. increased its holdings in Dollar Tree by 198.9% in the second quarter. Mather Group LLC. now owns 281 shares of the company’s stock valued at $30,000 after buying an additional 187 shares in the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.

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.