Dollar Tree (NASDAQ:DLTR) Price Target Cut to $84.00 by Analysts at KeyCorp

Dollar Tree (NASDAQ:DLTR) had its price objective cut by KeyCorp from $145.00 to $84.00 in a report issued on Thursday morning, Benzinga reports. They currently have an overweight rating on the stock.

Several other equities analysts have also commented on the stock. UBS Group lowered their price objective on shares of Dollar Tree from $170.00 to $155.00 and set a buy rating for the company in a research report on Friday, June 28th. Truist Financial dropped their price target on Dollar Tree from $147.00 to $140.00 and set a buy rating for the company in a research report on Thursday, June 6th. Loop Capital cut Dollar Tree from a buy rating to a hold rating and set a $65.00 price objective on the stock. in a research note on Thursday. Morgan Stanley lowered their price objective on Dollar Tree from $135.00 to $130.00 and set an equal weight rating for the company in a research note on Thursday, June 6th. Finally, Piper Sandler downgraded Dollar Tree from an overweight rating to a neutral rating and cut their target price for the company from $143.00 to $112.00 in a research report on Tuesday, July 16th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of Hold and a consensus target price of $95.00.

Dollar Tree Trading Down 2.9 %

Shares of DLTR stock opened at $66.50 on Thursday. The company has a current ratio of 1.28, a quick ratio of 0.23 and a debt-to-equity ratio of 0.47. 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. Dollar Tree has a 12-month low of $60.81 and a 12-month high of $151.21. The stock’s 50-day moving average price is $97.85 and its 200-day moving average price is $114.73.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Wednesday, September 4th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.37). The firm had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.49 billion. Dollar Tree had a positive return on equity of 15.67% and a negative net margin of 3.23%. The firm’s revenue was up .7% on a year-over-year basis. During the same period last year, the company earned $0.91 earnings per share. Equities research analysts predict that Dollar Tree will post 6.46 EPS for the current fiscal year.

Insider Activity at Dollar Tree

In other Dollar Tree 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 transaction, 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 is available at the SEC website. 6.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. NBC Securities Inc. lifted its position in shares of Dollar Tree by 7.1% in the 4th quarter. NBC Securities Inc. now owns 1,150 shares of the company’s stock worth $163,000 after purchasing an additional 76 shares during the period. Mount Yale Investment Advisors LLC raised its stake in Dollar Tree by 4.9% in the first quarter. Mount Yale Investment Advisors LLC now owns 1,985 shares of the company’s stock worth $264,000 after buying an additional 93 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Dollar Tree by 4.0% during the first quarter. GAMMA Investing LLC now owns 2,515 shares of the company’s stock worth $335,000 after buying an additional 96 shares during the period. Salomon & Ludwin LLC boosted its position in Dollar Tree by 27.0% during the 1st quarter. Salomon & Ludwin LLC now owns 494 shares of the company’s stock valued at $66,000 after acquiring an additional 105 shares in the last quarter. Finally, Fiduciary Trust Co boosted its position in Dollar Tree by 1.0% during the 4th quarter. Fiduciary Trust Co now owns 10,997 shares of the company’s stock valued at $1,562,000 after acquiring an additional 109 shares in the last quarter. 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.