Dollar Tree (NASDAQ:DLTR) PT Lowered to $100.00 at Wells Fargo & Company

Dollar Tree (NASDAQ:DLTR) had its price objective decreased by Wells Fargo & Company from $130.00 to $100.00 in a research note released on Thursday morning, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

DLTR has been the topic of several other reports. JPMorgan Chase & Co. downgraded shares of Dollar Tree from an overweight rating to a neutral rating and cut their target price for the company from $111.00 to $70.00 in a research note on Wednesday. Piper Sandler cut their price objective on Dollar Tree from $112.00 to $67.00 and set a neutral rating on the stock in a research note on Thursday. UBS Group dropped their price objective on Dollar Tree from $155.00 to $105.00 and set a buy rating on the stock in a research note on Thursday. 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 research report on Thursday. Finally, Loop Capital downgraded Dollar Tree from a buy rating to a hold rating and set a $65.00 target price on the stock. in a research report on Thursday. One analyst has rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Dollar Tree currently has an average rating of Hold and an average target price of $95.00.

Dollar Tree Stock Performance

DLTR opened at $66.50 on Thursday. Dollar Tree has a twelve month low of $60.81 and a twelve month high of $151.21. The stock has a market cap of $14.29 billion, a PE ratio of -14.49, a price-to-earnings-growth ratio of 0.93 and a beta of 0.87. The business’s 50 day moving average is $97.85 and its 200-day moving average is $114.94. The company has a current ratio of 1.28, a quick ratio of 0.23 and a debt-to-equity ratio of 0.47.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly 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 3.23% and a positive return on equity of 15.67%. The firm had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.49 billion. During the same period in the previous year, the business posted $0.91 earnings per share. The business’s revenue for the quarter was up .7% compared to the same quarter last year. On average, analysts predict that Dollar Tree will post 6.46 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Robert Aflatooni sold 827 shares of the firm’s stock in a transaction on Tuesday, June 25th. The stock was 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 directly owns 9,725 shares of the company’s stock, valued at approximately $1,026,765.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Dollar Tree

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Capital International Investors lifted its stake in shares of Dollar Tree by 30.1% during the fourth quarter. Capital International Investors now owns 10,581,632 shares of the company’s stock valued at $1,503,123,000 after acquiring an additional 2,445,827 shares during the period. Norges Bank acquired a new position in Dollar Tree during the fourth quarter worth $333,373,000. FIL Ltd increased its position in shares of Dollar Tree by 96.0% in the fourth quarter. FIL Ltd now owns 3,197,638 shares of the company’s stock valued at $454,224,000 after acquiring an additional 1,566,392 shares during the last quarter. National Bank of Canada FI grew its stake in shares of Dollar Tree by 223.4% in the first quarter. National Bank of Canada FI now owns 1,414,788 shares of the company’s stock valued at $188,379,000 after buying an additional 977,313 shares in the last quarter. Finally, Primecap Management Co. CA lifted its stake in Dollar Tree by 50.0% in the 2nd quarter. Primecap Management Co. CA now owns 2,872,460 shares of the company’s stock valued at $306,693,000 after purchasing an additional 957,275 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

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.