Dollar Tree (NASDAQ:DLTR) Price Target Lowered to $155.00 at Telsey Advisory Group

Dollar Tree (NASDAQ:DLTRFree Report) had its price target cut by Telsey Advisory Group from $160.00 to $155.00 in a research note issued to investors on Thursday morning, StockNewsAPI reports. They currently have an outperform rating on the stock.

Several other research analysts also recently weighed in on the stock. Wells Fargo & Company boosted their target price on shares of Dollar Tree from $160.00 to $180.00 and gave the company an overweight rating in a research note on Monday, March 4th. Citigroup downgraded shares of Dollar Tree from a buy rating to a neutral rating and cut their target price for the company from $163.00 to $120.00 in a research note on Thursday. Guggenheim boosted their target price on shares of Dollar Tree from $155.00 to $170.00 and gave the company a buy rating in a research note on Tuesday, March 5th. Oppenheimer reissued a market perform rating on shares of Dollar Tree in a research note on Monday, March 4th. Finally, Evercore ISI cut their target price on shares of Dollar Tree from $144.00 to $142.00 and set an in-line rating for the company in a research note on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of $143.70.

Read Our Latest Stock Report on DLTR

Dollar Tree Trading Down 1.8 %

NASDAQ:DLTR opened at $112.37 on Thursday. The company has a market capitalization of $24.52 billion, a PE ratio of -24.32, a price-to-earnings-growth ratio of 1.17 and a beta of 0.90. The company has a quick ratio of 0.22, a current ratio of 1.31 and a debt-to-equity ratio of 0.47. Dollar Tree has a 52-week low of $102.77 and a 52-week high of $154.96. The stock has a fifty day simple moving average of $121.52 and a 200-day simple moving average of $130.05.

Dollar Tree (NASDAQ:DLTRGet Free Report) last released its quarterly earnings results on Wednesday, June 5th. The company reported $1.43 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.43. The business had revenue of $7.63 billion during the quarter, compared to the consensus estimate of $7.63 billion. Dollar Tree had a positive return on equity of 15.11% and a negative net margin of 3.26%. The business’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.47 EPS. On average, equities research analysts expect that Dollar Tree will post 6.88 earnings per share for the current fiscal year.

Insider Transactions at Dollar Tree

In other news, Director Daniel J. Heinrich bought 1,000 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was acquired at an average price of $127.85 per share, for a total transaction of $127,850.00. Following the acquisition, the director now owns 6,225 shares of the company’s stock, valued at $795,866.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Daniel J. Heinrich purchased 1,000 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was purchased at an average price of $127.85 per share, for a total transaction of $127,850.00. Following the acquisition, the director now directly owns 6,225 shares in the company, valued at $795,866.25. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jeffrey A. Davis purchased 1,800 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was bought at an average price of $136.00 per share, with a total value of $244,800.00. Following the acquisition, the chief financial officer now owns 19,047 shares in the company, valued at $2,590,392. The disclosure for this purchase can be found here. Company insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Dollar Tree

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Capital World Investors boosted its holdings in Dollar Tree by 2.8% in the 4th quarter. Capital World Investors now owns 17,608,690 shares of the company’s stock worth $2,501,314,000 after acquiring an additional 487,180 shares during the period. Capital International Investors boosted its stake in shares of Dollar Tree by 30.1% during the 4th quarter. Capital International Investors now owns 10,581,632 shares of the company’s stock valued at $1,503,123,000 after buying an additional 2,445,827 shares during the last quarter. FIL Ltd boosted its stake in shares of Dollar Tree by 96.0% during the 4th quarter. FIL Ltd now owns 3,197,638 shares of the company’s stock valued at $454,224,000 after buying an additional 1,566,392 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Dollar Tree by 2.6% during the 4th quarter. Wellington Management Group LLP now owns 2,881,772 shares of the company’s stock valued at $409,356,000 after buying an additional 73,588 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its stake in shares of Dollar Tree by 14.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 2,837,433 shares of the company’s stock valued at $377,804,000 after buying an additional 348,442 shares during the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Dollar Tree Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Dollar Tree (NASDAQ:DLTR)

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