Barclays Trims Dollar Tree (NASDAQ:DLTR) Target Price to $81.00

Dollar Tree (NASDAQ:DLTR) had its price objective cut by Barclays from $128.00 to $81.00 in a report released on Thursday morning, Benzinga reports. They currently have an equal weight rating on the stock.

A number of other research analysts have also recently commented on DLTR. Evercore ISI cut their price target on shares of Dollar Tree from $128.00 to $78.00 and set an in-line rating on the stock in a report on Thursday. JPMorgan Chase & Co. cut shares of Dollar Tree from an overweight rating to a neutral rating and cut their price target for the stock from $111.00 to $70.00 in a report on Wednesday, September 4th. Piper Sandler cut their price target on shares of Dollar Tree from $112.00 to $67.00 and set a neutral rating on the stock in a report on Thursday. Wells Fargo & Company cut their price target on shares of Dollar Tree from $160.00 to $130.00 and set an overweight rating on the stock in a report on Tuesday, August 27th. Finally, Telsey Advisory Group cut their price target on shares of Dollar Tree from $120.00 to $95.00 and set an outperform rating on the stock in a report on Thursday. 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 MarketBeat.com, the company currently has an average rating of Hold and an average target price of $95.00.

Dollar Tree Trading Down 2.9 %

DLTR stock opened at $66.50 on Thursday. The company has a quick ratio of 0.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.47. Dollar Tree has a twelve month low of $60.81 and a twelve month high of $151.21. The stock has a market capitalization of $14.29 billion, a price-to-earnings ratio of -14.49, a price-to-earnings-growth ratio of 0.93 and a beta of 0.87. The firm’s fifty day simple moving average is $97.85 and its two-hundred day simple moving average is $114.73.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Wednesday, September 4th. The company reported $0.67 earnings per share 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 quarter last year, the firm earned $0.91 EPS. The company’s revenue was up .7% on a year-over-year basis. As a group, analysts anticipate that Dollar Tree will post 6.46 earnings per share for the current year.

Insider Activity

In other news, insider Robert Aflatooni sold 827 shares of the firm’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $105.58, for a total value of $87,314.66. Following the sale, the insider now directly owns 9,725 shares in the company, valued at approximately $1,026,765.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 6.80% of the company’s stock.

Institutional Trading of Dollar Tree

Institutional investors have recently modified their holdings of the company. ICA Group Wealth Management LLC bought a new stake in shares of Dollar Tree in the 4th quarter valued at about $26,000. Strategic Financial Concepts LLC bought a new stake in shares of Dollar Tree in the 2nd quarter valued at about $26,000. United Community Bank bought a new stake in shares of Dollar Tree in the 4th quarter valued at about $27,000. Register Financial Advisors LLC purchased a new position in shares of Dollar Tree in the 1st quarter valued at approximately $28,000. Finally, Mather Group LLC. raised its position in shares of Dollar Tree by 198.9% in the 2nd quarter. Mather Group LLC. now owns 281 shares of the company’s stock valued at $30,000 after purchasing an additional 187 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors.

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.