The Goldman Sachs Group Cuts Dollar Tree (NASDAQ:DLTR) Price Target to $90.00

Dollar Tree (NASDAQ:DLTR) had its price target decreased by The Goldman Sachs Group from $145.00 to $90.00 in a report issued on Tuesday, Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

A number of other research analysts also recently issued reports on the company. Citigroup decreased their price target on Dollar Tree from $120.00 to $64.00 and set a neutral rating for the company in a report on Thursday, September 5th. Evercore ISI lowered 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, September 5th. StockNews.com lowered shares of Dollar Tree from a hold rating to a sell rating in a research report on Friday, September 6th. Guggenheim decreased their price objective on shares of Dollar Tree from $150.00 to $120.00 and set a buy rating for the company in a research report on Friday, September 6th. Finally, BMO Capital Markets cut Dollar Tree from an outperform rating to a market perform rating and dropped their target price for the company from $130.00 to $68.00 in a research report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Dollar Tree has a consensus rating of Hold and an average target price of $92.53.

Dollar Tree Stock Up 2.0 %

NASDAQ:DLTR opened at $67.89 on Tuesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.02 and a quick ratio of 0.17. The company’s fifty day moving average price is $94.67 and its 200-day moving average price is $112.97. Dollar Tree has a 1-year low of $60.81 and a 1-year high of $151.21. The firm has a market capitalization of $14.59 billion, a P/E ratio of -14.79, a PEG ratio of 2.81 and a beta of 0.88.

Dollar Tree (NASDAQ:DLTR) last announced 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 analyst estimates of $7.49 billion. Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. Dollar Tree’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the prior year, the business posted $0.91 earnings per share. As a group, equities research analysts anticipate that Dollar Tree will post 5.34 EPS for the current year.

Insiders Place Their Bets

In other news, insider Robert Aflatooni sold 827 shares of the 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 completion of the sale, the insider now directly owns 9,725 shares in the company, valued at $1,026,765.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Daniel J. Heinrich purchased 2,200 shares of Dollar Tree stock in a transaction dated Friday, September 6th. The shares were acquired at an average price of $68.27 per share, for a total transaction of $150,194.00. Following the acquisition, the director now directly owns 9,823 shares in the company, valued at $670,616.21. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, insider Robert Aflatooni sold 827 shares of the company’s stock in a transaction dated Tuesday, June 25th. The shares were 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 disclosure for this sale can be found here. 6.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Dollar Tree

Institutional investors and hedge funds have recently bought and sold shares of the company. Capital World Investors raised its position in shares of Dollar Tree by 2.8% during the 4th quarter. Capital World Investors now owns 17,608,690 shares of the company’s stock valued at $2,501,314,000 after buying an additional 487,180 shares during the period. Capital International Investors raised its position in Dollar Tree by 30.1% in the fourth quarter. Capital International Investors now owns 10,581,632 shares of the company’s stock valued at $1,503,123,000 after purchasing an additional 2,445,827 shares during the period. FIL Ltd lifted its stake in shares of Dollar Tree by 96.0% in the 4th quarter. FIL Ltd now owns 3,197,638 shares of the company’s stock valued at $454,224,000 after purchasing an additional 1,566,392 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Dollar Tree by 2.6% in the 4th quarter. Wellington Management Group LLP now owns 2,881,772 shares of the company’s stock valued at $409,356,000 after purchasing an additional 73,588 shares during the last quarter. Finally, Primecap Management Co. CA grew its holdings in shares of Dollar Tree by 50.0% during the 2nd quarter. Primecap Management Co. CA now owns 2,872,460 shares of the company’s stock worth $306,693,000 after purchasing an additional 957,275 shares during the period. 97.40% of the stock is currently owned by institutional investors and hedge funds.

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.