Dollar Tree (NASDAQ:DLTR) Price Target Lowered to $160.00 at Wells Fargo & Company

Dollar Tree (NASDAQ:DLTRFree Report) had its price target trimmed by Wells Fargo & Company from $180.00 to $160.00 in a research report sent to investors on Thursday, Benzinga reports. The brokerage currently has an overweight rating on the stock.

Other equities analysts also recently issued research reports about the company. Loop Capital dropped their price objective on Dollar Tree from $195.00 to $170.00 and set a buy rating on the stock in a research note on Thursday, March 14th. Citigroup downgraded Dollar Tree from a buy rating to a neutral rating and dropped their price objective for the company from $163.00 to $120.00 in a research note on Thursday. Morgan Stanley dropped their price objective on Dollar Tree from $135.00 to $130.00 and set an equal weight rating on the stock in a research note on Thursday. TheStreet downgraded Dollar Tree from a b- rating to a c rating in a research note on Wednesday, March 13th. Finally, Telsey Advisory Group dropped their target price on Dollar Tree from $160.00 to $155.00 and set an outperform rating on the stock in a research report on Thursday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Moderate Buy and an average price target of $143.70.

Get Our Latest Stock Report on DLTR

Dollar Tree Stock Performance

DLTR stock opened at $112.37 on Thursday. The firm has a market cap of $24.52 billion, a PE ratio of -24.32, a P/E/G 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. The business has a 50 day moving average of $121.52 and a 200-day moving average of $130.05. Dollar Tree has a 12-month low of $102.77 and a 12-month high of $154.96.

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

Insider Transactions at Dollar Tree

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. NBC Securities Inc. grew its stake in shares of Dollar Tree by 7.1% during the fourth quarter. NBC Securities Inc. now owns 1,150 shares of the company’s stock valued at $163,000 after buying an additional 76 shares during the last quarter. Mount Yale Investment Advisors LLC grew its stake in shares of Dollar Tree by 4.9% during the first quarter. Mount Yale Investment Advisors LLC now owns 1,985 shares of the company’s stock valued at $264,000 after buying an additional 93 shares during the last quarter. Horrell Capital Management Inc. grew its stake in shares of Dollar Tree by 0.3% during the fourth quarter. Horrell Capital Management Inc. now owns 29,224 shares of the company’s stock valued at $4,151,000 after buying an additional 94 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Dollar Tree by 4.0% during the first quarter. GAMMA Investing LLC now owns 2,515 shares of the company’s stock valued at $335,000 after buying an additional 96 shares during the last quarter. Finally, Independence Bank of Kentucky grew its stake in shares of Dollar Tree by 15.0% during the fourth quarter. Independence Bank of Kentucky now owns 759 shares of the company’s stock valued at $108,000 after buying an additional 99 shares during the last quarter. Institutional investors own 97.40% of the company’s stock.

About Dollar Tree

(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.

Further Reading

Analyst Recommendations for Dollar Tree (NASDAQ:DLTR)

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