StockNews.com Lowers Dollar Tree (NASDAQ:DLTR) to Sell

StockNews.com downgraded shares of Dollar Tree (NASDAQ:DLTR) from a hold rating to a sell rating in a report released on Friday morning.

DLTR has been the subject of several other research reports. Citigroup cut their price objective on Dollar Tree from $120.00 to $64.00 and set a neutral rating for the company in a report on Thursday, September 5th. Truist Financial reduced their price objective on shares of Dollar Tree from $140.00 to $79.00 and set a buy rating for the company in a research report on Thursday, September 5th. Telsey Advisory Group dropped their target price on shares of Dollar Tree from $120.00 to $95.00 and set an outperform rating on the stock in a report on Thursday, September 5th. Evercore ISI reduced their target price on shares of Dollar Tree from $128.00 to $78.00 and set an in-line rating for the company in a report on Thursday, September 5th. Finally, Wells Fargo & Company decreased their price target on shares of Dollar Tree from $130.00 to $100.00 and set an overweight rating on the stock in a research report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Dollar Tree currently has a consensus rating of Hold and an average price target of $95.00.

Dollar Tree Stock Up 1.4 %

Shares of Dollar Tree stock opened at $67.42 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.02 and a quick ratio of 0.17. Dollar Tree has a 1-year low of $60.81 and a 1-year high of $151.21. The business’s fifty day moving average price is $97.05 and its two-hundred day moving average price is $114.18. The company has a market capitalization of $14.49 billion, a P/E ratio of -14.69, a PEG ratio of 2.81 and a beta of 0.88.

Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.37). Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. The company had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.49 billion. During the same quarter in the prior year, the company earned $0.91 EPS. The business’s quarterly revenue was up .7% on a year-over-year basis. As a group, research analysts forecast that Dollar Tree will post 5.34 EPS for the current year.

Insider Activity

In other news, Director Daniel J. Heinrich acquired 2,200 shares of the stock in a transaction dated Friday, September 6th. The shares were acquired at an average cost of $68.27 per share, for a total transaction of $150,194.00. Following the completion of the transaction, the director now owns 9,823 shares in the company, valued at approximately $670,616.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Daniel J. Heinrich bought 2,200 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was acquired at an average price of $68.27 per share, for a total transaction of $150,194.00. Following the transaction, the director now directly owns 9,823 shares of the company’s stock, valued at $670,616.21. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert Aflatooni sold 827 shares of the business’s stock in a transaction on Tuesday, June 25th. The shares were 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 disclosure for this sale can be found here. 6.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Dollar Tree

Large investors have recently bought and sold shares of the business. ICA Group Wealth Management LLC acquired a new stake in Dollar Tree in the 4th quarter valued at about $26,000. United Community Bank acquired a new stake in shares of Dollar Tree in the fourth quarter valued at approximately $27,000. Register Financial Advisors LLC bought a new position in Dollar Tree in the 1st quarter worth approximately $28,000. Mather Group LLC. raised its position in Dollar Tree by 198.9% in the 2nd quarter. Mather Group LLC. now owns 281 shares of the company’s stock worth $30,000 after purchasing an additional 187 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in Dollar Tree during the 2nd quarter worth $37,000. 97.40% of the stock is currently owned by institutional investors.

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.