Guggenheim Lowers Dollar Tree (NASDAQ:DLTR) Price Target to $95.00

Dollar Tree (NASDAQ:DLTR) had its price objective lowered by analysts at Guggenheim from $100.00 to $95.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. Guggenheim’s price objective indicates a potential upside of 28.54% from the stock’s current price.

Other research analysts have also issued research reports about the company. BMO Capital Markets upped their price target on Dollar Tree from $65.00 to $70.00 and gave the company a “market perform” rating in a research report on Thursday, December 5th. Piper Sandler reissued a “neutral” rating and issued a $72.00 price target (up from $67.00) on shares of Dollar Tree in a research note on Thursday, December 5th. JPMorgan Chase & Co. lowered their price objective on shares of Dollar Tree from $88.00 to $78.00 and set a “neutral” rating for the company in a report on Thursday. Truist Financial reduced their target price on shares of Dollar Tree from $83.00 to $76.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Citigroup boosted their target price on Dollar Tree from $64.00 to $76.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. Sixteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $83.42.

Dollar Tree Trading Down 4.0 %

DLTR stock traded down $3.04 during midday trading on Friday, hitting $73.91. The company had a trading volume of 2,328,579 shares, compared to its average volume of 3,497,361. The stock has a market cap of $15.89 billion, a price-to-earnings ratio of -15.52, a PEG ratio of 2.16 and a beta of 0.91. Dollar Tree has a 52 week low of $60.49 and a 52 week high of $137.14. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32. The stock’s 50 day moving average price is $71.15 and its 200 day moving average price is $70.18.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Wednesday, March 26th. The company reported $2.11 EPS for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.09). The firm had revenue of $5 billion for the quarter, compared to the consensus estimate of $8.23 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The company’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.55 earnings per share. As a group, equities research analysts expect that Dollar Tree will post 5.39 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Assetmark Inc. lifted its stake in Dollar Tree by 74.1% in the fourth quarter. Assetmark Inc. now owns 350 shares of the company’s stock worth $26,000 after purchasing an additional 149 shares during the last quarter. Bessemer Group Inc. raised its holdings in shares of Dollar Tree by 34,600.0% in the fourth quarter. Bessemer Group Inc. now owns 347 shares of the company’s stock valued at $26,000 after acquiring an additional 346 shares in the last quarter. Versant Capital Management Inc purchased a new stake in Dollar Tree in the fourth quarter worth about $30,000. Parkside Financial Bank & Trust increased its position in Dollar Tree by 120.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 424 shares of the company’s stock valued at $32,000 after purchasing an additional 232 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in shares of Dollar Tree by 91.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock valued at $33,000 after purchasing an additional 210 shares in the last quarter. 97.40% of the stock is currently 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.