Dollar Tree (NASDAQ:DLTR) PT Lowered to $67.00 at Piper Sandler

Dollar Tree (NASDAQ:DLTR) had its price target trimmed by Piper Sandler from $112.00 to $67.00 in a report released on Thursday, Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other equities research analysts also recently weighed in on DLTR. BMO Capital Markets downgraded Dollar Tree from an outperform rating to a market perform rating and dropped their price objective for the company from $130.00 to $68.00 in a research report on Thursday. Truist Financial decreased their price target on shares of Dollar Tree from $147.00 to $140.00 and set a buy rating for the company in a research report on Thursday, June 6th. JPMorgan Chase & Co. downgraded shares of Dollar Tree from an overweight rating to a neutral rating and cut their price objective for the stock from $111.00 to $70.00 in a research report on Wednesday. UBS Group decreased their target price on shares of Dollar Tree from $170.00 to $155.00 and set a buy rating for the company in a research report on Friday, June 28th. Finally, Evercore ISI lifted their price target on shares of Dollar Tree from $136.00 to $137.00 and gave the stock an in-line rating in a report on Thursday, June 20th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of Hold and an average target price of $95.00.

Dollar Tree Trading Down 2.9 %

NASDAQ DLTR opened at $66.50 on Thursday. Dollar Tree has a one year low of $60.81 and a one year high of $151.21. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.23 and a current ratio of 1.28. The company has a market capitalization of $14.29 billion, a price-to-earnings ratio of -14.49, a price-to-earnings-growth ratio of 0.93 and a beta of 0.87. The company’s 50-day simple moving average is $97.85 and its two-hundred day simple moving average is $114.94.

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). The business had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.49 billion. Dollar Tree had a negative net margin of 3.23% and a positive return on equity of 15.67%. The business’s quarterly revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.91 earnings per share. Equities analysts forecast that Dollar Tree will post 6.46 EPS for the current fiscal year.

Insider Buying and Selling at Dollar Tree

In other news, insider Robert Aflatooni sold 827 shares of the firm’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 completion of the transaction, the insider now directly owns 9,725 shares in the company, valued at $1,026,765.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 6.80% of the company’s stock.

Institutional Trading of Dollar Tree

A number of hedge funds and other institutional investors have recently made changes to their positions in DLTR. ICA Group Wealth Management LLC acquired a new position in Dollar Tree during the fourth quarter valued at $26,000. Strategic Financial Concepts LLC acquired a new position in shares of Dollar Tree in the 2nd quarter valued at about $26,000. United Community Bank acquired a new position in shares of Dollar Tree in the 4th quarter valued at about $27,000. Register Financial Advisors LLC acquired a new stake in Dollar Tree during the first quarter worth about $28,000. Finally, Mather Group LLC. grew its holdings in 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 during the period. Institutional investors and hedge funds 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.