Dollar Tree (NASDAQ:DLTR) Cut to “Hold” at Loop Capital

Loop Capital lowered shares of Dollar Tree (NASDAQ:DLTR) from a buy rating to a hold rating in a research report released on Thursday morning, Marketbeat reports. The firm currently has $65.00 target price on the stock.

Other research analysts have also issued reports about the stock. Morgan Stanley dropped their price objective on shares of Dollar Tree from $135.00 to $130.00 and set an equal weight rating on the stock in a research note on Thursday, June 6th. Evercore ISI upped their target price on Dollar Tree from $136.00 to $137.00 and gave the company an in-line rating in a report on Thursday, June 20th. Telsey Advisory Group decreased their price objective on shares of Dollar Tree from $155.00 to $120.00 and set an outperform rating on the stock in a research report on Friday, August 30th. Piper Sandler downgraded Dollar Tree from an overweight rating to a neutral rating and reduced their price objective for the company from $143.00 to $112.00 in a research report on Tuesday, July 16th. Finally, UBS Group decreased their target price on shares of Dollar Tree from $170.00 to $155.00 and set a buy rating on the stock in a research report on Friday, June 28th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of Hold and a consensus target price of $95.00.

Dollar Tree Price Performance

Shares of DLTR opened at $66.50 on Thursday. Dollar Tree has a fifty-two week low of $60.81 and a fifty-two week high of $151.21. The company has a market cap of $14.29 billion, a P/E ratio of -14.49, a PEG ratio of 0.93 and a beta of 0.87. The company has a quick ratio of 0.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.47. The firm’s 50 day moving average price is $97.85 and its 200 day moving average price is $114.94.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.37). The business had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.49 billion. Dollar Tree had a positive return on equity of 15.67% and a negative net margin of 3.23%. The firm’s quarterly revenue was up .7% on a year-over-year basis. During the same period last year, the firm earned $0.91 earnings per share. On average, research analysts forecast that Dollar Tree will post 6.46 earnings per share for the current fiscal year.

Insider Buying and Selling

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

Institutional Investors Weigh In On Dollar Tree

Several institutional investors and hedge funds have recently made changes to their positions in the company. NBC Securities Inc. boosted its stake in Dollar Tree by 7.1% during the 4th quarter. NBC Securities Inc. now owns 1,150 shares of the company’s stock valued at $163,000 after purchasing an additional 76 shares during the period. Mount Yale Investment Advisors LLC increased its holdings in shares of 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 buying an additional 93 shares in the last quarter. GAMMA Investing LLC increased its stake in Dollar Tree by 4.0% in the 1st quarter. GAMMA Investing LLC now owns 2,515 shares of the company’s stock worth $335,000 after purchasing an additional 96 shares in the last quarter. Salomon & Ludwin LLC raised its holdings in Dollar Tree by 27.0% during the 1st quarter. Salomon & Ludwin LLC now owns 494 shares of the company’s stock worth $66,000 after buying an additional 105 shares during the period. Finally, Fiduciary Trust Co raised its stake in Dollar Tree by 1.0% during the 4th quarter. Fiduciary Trust Co now owns 10,997 shares of the company’s stock valued at $1,562,000 after purchasing an additional 109 shares during the period. 97.40% of the stock is owned by institutional investors and hedge funds.

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.