Dollar Tree (NASDAQ:DLTR) Stock Rating Lowered by StockNews.com

Dollar Tree (NASDAQ:DLTR) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Friday.

Several other brokerages have also commented on DLTR. Morgan Stanley cut their price target on shares of Dollar Tree from $130.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Thursday. BMO Capital Markets lowered shares of Dollar Tree from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $130.00 to $68.00 in a research note on Thursday. Citigroup cut their price target on shares of Dollar Tree from $120.00 to $64.00 and set a “neutral” rating on the stock in a research note on Thursday. Truist Financial cut their price target on shares of Dollar Tree from $140.00 to $79.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Loop Capital lowered shares of Dollar Tree from a “buy” rating to a “hold” rating and set a $65.00 price objective on the stock. in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $95.00.

Dollar Tree Stock Down 2.9 %

Shares of DLTR traded down $1.97 during midday trading on Friday, reaching $66.50. The stock had a trading volume of 7,536,382 shares, compared to its average volume of 3,073,366. Dollar Tree has a 1-year low of $60.81 and a 1-year high of $151.21. The company’s fifty day simple moving average is $97.85 and its two-hundred day simple moving average is $115.16. The company has a market cap of $14.29 billion, a price-to-earnings ratio of -14.49, a PEG ratio of 0.93 and a beta of 0.87. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.28 and a quick ratio of 0.23.

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

Insider Activity

In other news, insider Robert Aflatooni sold 827 shares of Dollar Tree stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $105.58, for a total value of $87,314.66. Following the sale, the insider now owns 9,725 shares of the company’s stock, valued at $1,026,765.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 6.80% of the company’s stock.

Institutional Trading of Dollar Tree

Institutional investors have recently added to or reduced their stakes in the stock. Dorsal Capital Management LP purchased a new stake in Dollar Tree during the fourth quarter worth about $35,512,000. Wellington Management Group LLP lifted its holdings in shares of Dollar Tree by 2.6% in the fourth quarter. Wellington Management Group LLP now owns 2,881,772 shares of the company’s stock valued at $409,356,000 after purchasing an additional 73,588 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its holdings in shares of Dollar Tree by 92.6% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 146,614 shares of the company’s stock valued at $20,826,000 after purchasing an additional 70,478 shares in the last quarter. Bridgefront Capital LLC lifted its holdings in shares of Dollar Tree by 62.5% in the fourth quarter. Bridgefront Capital LLC now owns 4,918 shares of the company’s stock valued at $699,000 after purchasing an additional 1,892 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Dollar Tree by 1.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 43,671 shares of the company’s stock valued at $6,203,000 after purchasing an additional 743 shares in the last quarter. Hedge funds and other 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.