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

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

A number of other research analysts have also recently issued reports on the stock. StockNews.com raised shares of Dollar Tree from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th. Wells Fargo & Company decreased their price objective on shares of Dollar Tree from $130.00 to $100.00 and set an “overweight” rating on the stock in a research note on Thursday, September 5th. Piper Sandler decreased their target price on shares of Dollar Tree from $112.00 to $67.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. Evercore ISI decreased their target price on shares of Dollar Tree from $105.00 to $100.00 and set an “in-line” rating on the stock in a research note on Tuesday, October 22nd. Finally, Loop Capital cut shares of Dollar Tree from a “buy” rating to a “hold” rating and set a $65.00 target price on the stock. in a research note on Thursday, September 5th. Sixteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $87.95.

Dollar Tree Trading Up 3.6 %

Shares of NASDAQ:DLTR opened at $66.53 on Monday. The company has a 50-day simple moving average of $67.93 and a 200 day simple moving average of $91.62. 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 $14.30 billion, a P/E ratio of -13.63, a price-to-earnings-growth ratio of 2.71 and a beta of 0.87. Dollar Tree has a 52-week low of $60.49 and a 52-week high of $151.21.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Wednesday, September 4th. The company reported $0.67 earnings per share (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 company had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.49 billion. During the same quarter last year, the business earned $0.91 earnings per share. The company’s revenue was up .7% on a year-over-year basis. Sell-side analysts forecast that Dollar Tree will post 5.35 earnings per share for the current year.

Insider Activity at Dollar Tree

In related news, Director Daniel J. Heinrich purchased 2,200 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was purchased at an average cost of $68.27 per share, with a total value of $150,194.00. Following the completion of the purchase, the director now owns 9,823 shares in the company, valued at approximately $670,616.21. This trade represents a 28.86 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Dollar Tree

Hedge funds and other institutional investors have recently made changes to their positions in the business. Strategic Financial Concepts LLC bought a new stake in shares of Dollar Tree during the second quarter worth about $26,000. Mather Group LLC. increased its position in shares of Dollar Tree by 198.9% during the second quarter. Mather Group LLC. now owns 281 shares of the company’s stock worth $30,000 after acquiring an additional 187 shares in the last quarter. Eastern Bank bought a new stake in shares of Dollar Tree during the third quarter worth about $34,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Dollar Tree during the second quarter worth about $37,000. Finally, First Horizon Advisors Inc. increased its position in shares of Dollar Tree by 105.6% during the third quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock worth $39,000 after acquiring an additional 284 shares in the last quarter. 97.40% of the stock is owned by institutional investors.

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.