Dollar Tree (NASDAQ:DLTR) Given New $155.00 Price Target at UBS Group

Dollar Tree (NASDAQ:DLTR) had its price target cut by UBS Group from $170.00 to $155.00 in a research note published on Friday morning, Benzinga reports. They currently have a buy rating on the stock.

A number of other brokerages have also issued reports on DLTR. BMO Capital Markets cut their target price on Dollar Tree from $150.00 to $145.00 and set an outperform rating on the stock in a research report on Thursday, June 6th. Loop Capital lowered their price target on Dollar Tree from $195.00 to $170.00 and set a buy rating on the stock in a report on Thursday, March 14th. Truist Financial lowered their price target on Dollar Tree from $147.00 to $140.00 and set a buy rating on the stock in a report on Thursday, June 6th. Gordon Haskett downgraded Dollar Tree from a buy rating to a hold rating and lowered their price target for the company from $150.00 to $140.00 in a report on Wednesday, April 3rd. Finally, Evercore ISI lifted their price target on Dollar Tree from $136.00 to $137.00 and gave the company an in-line rating in a report on Thursday, June 20th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of $142.45.

Dollar Tree Stock Up 0.4 %

Shares of Dollar Tree stock opened at $107.25 on Friday. The stock’s fifty day moving average is $114.77 and its 200-day moving average is $128.49. The firm has a market capitalization of $23.05 billion, a PE ratio of -23.37, a price-to-earnings-growth ratio of 1.14 and a beta of 0.90. The company has a quick ratio of 0.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.47. Dollar Tree has a 12-month low of $101.85 and a 12-month high of $154.96.

Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Wednesday, June 5th. The company reported $1.43 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.43. The company had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.63 billion. Dollar Tree had a positive return on equity of 15.67% and a negative net margin of 3.23%. Dollar Tree’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.47 earnings per share. Equities analysts anticipate that Dollar Tree will post 6.66 earnings per share for the current year.

Insider Buying and Selling at Dollar Tree

In other news, insider Robert Aflatooni sold 827 shares of the company’s stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $105.58, for a total transaction of $87,314.66. Following the completion of the sale, the insider now owns 9,725 shares in the company, valued at approximately $1,026,765.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 6.80% of the company’s stock.

Institutional Trading of Dollar Tree

Several large investors have recently made changes to their positions in DLTR. ICA Group Wealth Management LLC acquired a new position in shares of Dollar Tree during the 4th quarter worth about $26,000. United Community Bank acquired a new position in shares of Dollar Tree during the 4th quarter worth about $27,000. Register Financial Advisors LLC acquired a new position in shares of Dollar Tree during the 1st quarter worth about $28,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Dollar Tree during the 4th quarter worth about $35,000. Finally, City State Bank lifted its position in shares of Dollar Tree by 200.0% during the 4th quarter. City State Bank now owns 300 shares of the company’s stock worth $43,000 after purchasing an additional 200 shares during the last quarter. 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.