Citigroup Trims Dollar Tree (NASDAQ:DLTR) Target Price to $167.00

Dollar Tree (NASDAQ:DLTR – Get Rating) had its price target cut by equities research analysts at Citigroup from $180.00 to $167.00 in a research report issued on Friday, The Fly reports. Citigroup’s price objective points to a potential upside of 22.20% from the company’s current price.

Several other brokerages also recently commented on DLTR. Barclays cut their price target on shares of Dollar Tree from $145.00 to $138.00 in a report on Friday. Credit Suisse Group reissued a “neutral” rating and issued a $150.00 price objective on shares of Dollar Tree in a research report on Thursday, March 2nd. StockNews.com initiated coverage on shares of Dollar Tree in a research report on Thursday, May 18th. They issued a “hold” rating for the company. JPMorgan Chase & Co. cut shares of Dollar Tree from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $160.00 to $150.00 in a research report on Thursday, March 2nd. Finally, Piper Sandler boosted their price objective on shares of Dollar Tree from $167.00 to $173.00 and gave the company an “overweight” rating in a research report on Tuesday, February 28th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $163.67.

Dollar Tree Stock Performance

Shares of NASDAQ:DLTR opened at $136.66 on Friday. The company has a market capitalization of $30.23 billion, a price-to-earnings ratio of 18.95, a PEG ratio of 2.20 and a beta of 0.66. Dollar Tree has a 12 month low of $129.26 and a 12 month high of $175.68. The firm’s 50-day moving average is $149.96 and its 200 day moving average is $148.59. The company has a current ratio of 1.51, a quick ratio of 0.22 and a debt-to-equity ratio of 0.39.

Dollar Tree (NASDAQ:DLTR – Get Rating) last issued its quarterly earnings results on Thursday, May 25th. The company reported $1.47 EPS for the quarter, missing the consensus estimate of $1.54 by ($0.07). The firm had revenue of $7.32 billion for the quarter, compared to the consensus estimate of $7.27 billion. Dollar Tree had a net margin of 5.70% and a return on equity of 19.19%. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.37 earnings per share. Research analysts predict that Dollar Tree will post 6.59 EPS for the current year.

Insider Transactions at Dollar Tree

In other Dollar Tree news, CFO Jeffrey A. Davis purchased 1,790 shares of the stock in a transaction dated Monday, March 27th. The stock was purchased at an average price of $139.06 per share, with a total value of $248,917.40. Following the transaction, the chief financial officer now owns 15,006 shares of the company’s stock, valued at $2,086,734.36. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CEO Richard W. Dreiling bought 7,100 shares of the firm’s stock in a transaction that occurred on Thursday, March 9th. The stock was bought at an average price of $142.00 per share, with a total value of $1,008,200.00. Following the completion of the transaction, the chief executive officer now directly owns 7,118 shares of the company’s stock, valued at approximately $1,010,756. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jeffrey A. Davis bought 1,790 shares of the firm’s stock in a transaction that occurred on Monday, March 27th. The shares were purchased at an average cost of $139.06 per share, with a total value of $248,917.40. Following the transaction, the chief financial officer now directly owns 15,006 shares of the company’s stock, valued at $2,086,734.36. The disclosure for this purchase can be found here. Corporate insiders own 6.00% of the company’s stock.

Institutional Investors Weigh In On Dollar Tree

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. SVB Wealth LLC lifted its position in Dollar Tree by 2.4% during the second quarter. SVB Wealth LLC now owns 2,657 shares of the company’s stock valued at $414,000 after acquiring an additional 62 shares during the last quarter. Epoch Investment Partners Inc. increased its stake in Dollar Tree by 3.1% during the 1st quarter. Epoch Investment Partners Inc. now owns 2,143 shares of the company’s stock valued at $308,000 after purchasing an additional 64 shares in the last quarter. Lindbrook Capital LLC increased its stake in Dollar Tree by 29.8% during the 1st quarter. Lindbrook Capital LLC now owns 296 shares of the company’s stock valued at $42,000 after purchasing an additional 68 shares in the last quarter. Westshore Wealth LLC increased its stake in Dollar Tree by 3.2% during the 1st quarter. Westshore Wealth LLC now owns 2,210 shares of the company’s stock valued at $317,000 after purchasing an additional 68 shares in the last quarter. Finally, Clarius Group LLC increased its stake in Dollar Tree by 4.5% during the 1st quarter. Clarius Group LLC now owns 1,623 shares of the company’s stock valued at $233,000 after purchasing an additional 70 shares in the last quarter. Hedge funds and other institutional investors own 97.04% of the company’s stock.

Dollar Tree Company Profile

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Dollar Tree, Inc owns and operates discount variety stores offering merchandise at fixed prices. It operates through the Dollar Tree and Family Dollar segments. The Dollar Tree segment includes operations under Dollar Tree and Dollar Tree Canada brands, with its distribution centers in the United States and Canada.