UBS Group Cuts Dollar Tree (NASDAQ:DLTR) Price Target to $95.00

Dollar Tree (NASDAQ:DLTR) had its target price cut by investment analysts at UBS Group from $105.00 to $95.00 in a report issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s price target would suggest a potential upside of 46.15% from the company’s previous close.

Several other brokerages also recently weighed in on DLTR. Truist Financial boosted their target price on Dollar Tree from $79.00 to $83.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Telsey Advisory Group restated a “market perform” rating and set a $75.00 price objective on shares of Dollar Tree in a report on Thursday, March 6th. Evercore ISI lowered their target price on shares of Dollar Tree from $94.00 to $92.00 and set an “in-line” rating for the company in a research note on Tuesday, December 3rd. Wells Fargo & Company cut their price target on shares of Dollar Tree from $100.00 to $85.00 and set an “overweight” rating on the stock in a research note on Friday, March 7th. Finally, Jefferies Financial Group lifted their price objective on shares of Dollar Tree from $70.00 to $75.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. Sixteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $84.26.

Dollar Tree Stock Up 0.6 %

DLTR traded up $0.41 during trading on Friday, hitting $65.00. The stock had a trading volume of 1,169,026 shares, compared to its average volume of 3,356,594. The stock has a 50 day simple moving average of $71.27 and a two-hundred day simple moving average of $70.28. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. Dollar Tree has a twelve month low of $60.49 and a twelve month high of $137.14. The company has a market capitalization of $13.97 billion, a PE ratio of -13.61, a PEG ratio of 2.16 and a beta of 0.91.

Institutional Inflows and Outflows

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

Dollar Tree Company Profile

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.