BMO Capital Markets Lowers Dollar Tree (NASDAQ:DLTR) Price Target to $65.00

Dollar Tree (NASDAQ:DLTR) had its target price decreased by BMO Capital Markets from $68.00 to $65.00 in a report published on Monday morning,Benzinga reports. BMO Capital Markets currently has a market perform rating on the stock.

Several other equities research analysts have also commented on DLTR. Piper Sandler reduced their price target on shares of Dollar Tree from $112.00 to $67.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Melius Research initiated coverage on shares of Dollar Tree in a research report on Monday, September 23rd. They set a “hold” rating and a $70.00 price target for the company. Barclays reduced their price target on shares of Dollar Tree from $128.00 to $81.00 and set an “equal weight” rating for the company in a research report on Thursday, September 5th. Loop Capital lowered shares of Dollar Tree from a “buy” rating to a “hold” rating and set a $65.00 price target for the company. in a research report on Thursday, September 5th. Finally, Truist Financial reduced their price target on shares of Dollar Tree from $140.00 to $79.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $87.95.

Dollar Tree Price Performance

Shares of NASDAQ:DLTR opened at $63.18 on Monday. Dollar Tree has a 1-year low of $60.49 and a 1-year high of $151.21. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.02 and a quick ratio of 0.17. The business has a fifty day moving average price of $67.85 and a 200-day moving average price of $91.03. The company has a market capitalization of $13.58 billion, a PE ratio of -12.95, a PEG ratio of 2.54 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Wednesday, September 4th. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.37). Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. The business had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.49 billion. During the same quarter in the previous year, the business posted $0.91 earnings per share. Dollar Tree’s quarterly revenue was up .7% compared to the same quarter last year. As a group, equities analysts expect that Dollar Tree will post 5.35 EPS for the current fiscal year.

Insider Activity

In related news, Director Daniel J. Heinrich purchased 2,200 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were bought at an average price of $68.27 per share, for a total transaction of $150,194.00. Following the acquisition, the director now owns 9,823 shares of the company’s stock, valued at approximately $670,616.21. This represents a 28.86 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 6.80% of the company’s stock.

Institutional Trading of Dollar Tree

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Mather Group LLC. raised its holdings in Dollar Tree by 198.9% during the 2nd quarter. Mather Group LLC. now owns 281 shares of the company’s stock valued at $30,000 after buying an additional 187 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Dollar Tree in the second quarter worth $37,000. Blue Trust Inc. increased its stake in Dollar Tree by 174.5% in the second quarter. Blue Trust Inc. now owns 431 shares of the company’s stock worth $46,000 after purchasing an additional 274 shares during the period. Eastern Bank purchased a new stake in Dollar Tree in the third quarter worth $34,000. Finally, EverSource Wealth Advisors LLC increased its stake in Dollar Tree by 29.3% in the first quarter. EverSource Wealth Advisors LLC now owns 486 shares of the company’s stock worth $65,000 after purchasing an additional 110 shares during the period. Hedge funds and other institutional investors 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.