Dollar Tree (NASDAQ:DLTR) Coverage Initiated at Melius Research

Melius Research assumed coverage on shares of Dollar Tree (NASDAQ:DLTR) in a research note issued to investors on Monday, Benzinga reports. The brokerage set a “hold” rating and a $70.00 price target on the stock. Melius Research’s price objective would suggest a potential downside of 1.81% from the stock’s previous close.

A number of other research analysts also recently commented on the stock. Wells Fargo & Company cut their target price on shares of Dollar Tree from $130.00 to $100.00 and set an “overweight” rating on the stock in a research report on Thursday, September 5th. Morgan Stanley cut their price objective on shares of Dollar Tree from $130.00 to $80.00 and set an “equal weight” rating on the stock in a report on Thursday, September 5th. JPMorgan Chase & Co. lowered Dollar Tree from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $111.00 to $70.00 in a report on Wednesday, September 4th. Guggenheim cut their price target on Dollar Tree from $150.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, September 6th. Finally, Piper Sandler reduced their price target on Dollar Tree from $112.00 to $67.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $91.40.

Dollar Tree Stock Performance

Dollar Tree stock opened at $71.29 on Monday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.17 and a current ratio of 1.02. The company has a market capitalization of $15.32 billion, a PE ratio of -15.53, a P/E/G ratio of 2.82 and a beta of 0.87. The company has a 50 day moving average price of $89.40 and a 200-day moving average price of $108.23. Dollar Tree has a fifty-two week low of $60.81 and a fifty-two week high of $151.21.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.37). Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. The firm had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.49 billion. During the same period last year, the firm earned $0.91 earnings per share. The company’s revenue for the quarter was up .7% on a year-over-year basis. As a group, equities analysts forecast that Dollar Tree will post 5.33 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Daniel J. Heinrich acquired 2,200 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were acquired at an average cost of $68.27 per share, with a total value of $150,194.00. Following the completion of the acquisition, the director now owns 9,823 shares of the company’s stock, valued at $670,616.21. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 6.80% of the stock is currently owned by insiders.

Institutional Trading of Dollar Tree

A number of hedge funds and other institutional investors have recently made changes to their positions in DLTR. Mount Yale Investment Advisors LLC boosted its holdings in Dollar Tree by 4.9% in the first quarter. Mount Yale Investment Advisors LLC now owns 1,985 shares of the company’s stock valued at $264,000 after purchasing an additional 93 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Dollar Tree by 4.0% in the first quarter. GAMMA Investing LLC now owns 2,515 shares of the company’s stock worth $335,000 after buying an additional 96 shares during the last quarter. Salomon & Ludwin LLC grew its holdings in Dollar Tree by 27.0% during the first quarter. Salomon & Ludwin LLC now owns 494 shares of the company’s stock worth $66,000 after acquiring an additional 105 shares during the period. Fiduciary Trust Co raised its position in Dollar Tree by 1.0% during the fourth quarter. Fiduciary Trust Co now owns 10,997 shares of the company’s stock valued at $1,562,000 after acquiring an additional 109 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in Dollar Tree by 29.3% in the first quarter. EverSource Wealth Advisors LLC now owns 486 shares of the company’s stock valued at $65,000 after acquiring an additional 110 shares during the period. Institutional investors and hedge funds own 97.40% of the company’s stock.

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.