Dollar Tree (NASDAQ:DLTR) Price Target Cut to $65.00 by Analysts at BMO Capital Markets

Dollar Tree (NASDAQ:DLTR) had its price target lowered by BMO Capital Markets from $68.00 to $65.00 in a report issued on Monday,Benzinga reports. BMO Capital Markets currently has a market perform rating on the stock.

Other research analysts have also recently issued research reports about the company. KeyCorp cut Dollar Tree from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 7th. Morgan Stanley cut their target price on shares of Dollar Tree from $130.00 to $80.00 and set an “equal weight” rating for the company in a research report on Thursday, September 5th. Barclays lowered their price target on shares of Dollar Tree from $128.00 to $81.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 5th. Citigroup cut their price objective on shares of Dollar Tree from $120.00 to $64.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. Finally, UBS Group reduced their price objective on shares of Dollar Tree from $155.00 to $105.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $87.95.

Dollar Tree Stock Up 4.1 %

DLTR stock opened at $65.75 on Monday. Dollar Tree has a 1-year low of $60.49 and a 1-year high of $151.21. The stock has a market cap of $14.14 billion, a P/E ratio of -13.47, a P/E/G ratio of 2.57 and a beta of 0.87. The stock’s fifty day simple moving average is $67.81 and its two-hundred day simple moving average is $90.85. The company has a current ratio of 1.02, a quick ratio of 0.17 and a debt-to-equity ratio of 0.33.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.37). The company had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.49 billion. Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. Dollar Tree’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.91 EPS. Analysts expect that Dollar Tree will post 5.35 EPS for the current year.

Insider Transactions at Dollar Tree

In related news, Director Daniel J. Heinrich bought 2,200 shares of the company’s stock in a transaction on Friday, September 6th. The stock was 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 directly owns 9,823 shares in the company, valued at $670,616.21. This trade represents a 28.86 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 6.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Dollar Tree

A number of institutional investors have recently made changes to their positions in the stock. Strategic Financial Concepts LLC bought a new position in Dollar Tree in the second quarter valued at $26,000. Mather Group LLC. boosted its holdings in shares of 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 in the last quarter. Eastern Bank bought a new position in shares of Dollar Tree during the 3rd quarter valued at about $34,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Dollar Tree during the 2nd quarter valued at about $37,000. Finally, First Horizon Advisors Inc. lifted its position in Dollar Tree by 105.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock worth $39,000 after buying an additional 284 shares during the last quarter. 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.