Dollar Tree (NASDAQ:DLTR) Lowered to Sector Weight Rating by KeyCorp

KeyCorp lowered shares of Dollar Tree (NASDAQ:DLTR) from an overweight rating to a sector weight rating in a research report report published on Thursday morning, MarketBeat.com reports.

DLTR has been the topic of a number of other research reports. Sanford C. Bernstein started coverage on Dollar Tree in a report on Tuesday, October 22nd. They issued a “market perform” rating and a $76.00 price target on the stock. Barclays lowered their target price on Dollar Tree from $128.00 to $81.00 and set an “equal weight” rating on the stock in a report on Thursday, September 5th. Piper Sandler cut their price target on Dollar Tree from $112.00 to $67.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. Melius Research started coverage on shares of Dollar Tree in a research report on Monday, September 23rd. They issued a “hold” rating and a $70.00 price objective on the stock. Finally, Redburn Atlantic upgraded shares of Dollar Tree to a “hold” rating in a report on Monday, September 23rd. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Dollar Tree presently has an average rating of “Hold” and an average price target of $88.11.

Dollar Tree Trading Down 3.4 %

Shares of DLTR stock opened at $61.41 on Thursday. The business’s fifty day moving average price is $68.87 and its 200 day moving average price is $94.17. The firm has a market capitalization of $13.20 billion, a PE ratio of -12.58, a P/E/G ratio of 2.65 and a beta of 0.87. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.02 and a quick ratio of 0.17. Dollar Tree has a 1-year low of $60.52 and a 1-year high of $151.21.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results 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 positive return on equity of 15.77% and a negative net margin of 3.44%. The company had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.49 billion. During the same period last year, the company earned $0.91 earnings per share. The business’s revenue for the quarter was up .7% compared to the same quarter last year. As a group, sell-side analysts forecast that Dollar Tree will post 5.32 EPS for the current fiscal year.

Insider Buying and Selling

In other Dollar Tree news, Director Daniel J. Heinrich purchased 2,200 shares of the stock in a transaction on Friday, September 6th. The stock was bought 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 of the company’s stock, valued at $670,616.21. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. 6.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Dollar Tree

A number of hedge funds have recently made changes to their positions in DLTR. National Bank of Canada FI raised its position in shares of Dollar Tree by 223.4% in the 1st quarter. National Bank of Canada FI now owns 1,414,788 shares of the company’s stock worth $188,379,000 after buying an additional 977,313 shares during the period. Primecap Management Co. CA increased its stake in Dollar Tree by 50.0% during the second quarter. Primecap Management Co. CA now owns 2,872,460 shares of the company’s stock worth $306,693,000 after acquiring an additional 957,275 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Dollar Tree by 488.4% in the 2nd quarter. Renaissance Technologies LLC now owns 1,044,595 shares of the company’s stock worth $111,531,000 after purchasing an additional 867,054 shares during the period. Mizuho Markets Americas LLC acquired a new position in shares of Dollar Tree in the 1st quarter valued at about $99,862,000. Finally, Equity Investment Corp lifted its stake in shares of Dollar Tree by 95.9% in the 3rd quarter. Equity Investment Corp now owns 1,525,374 shares of the company’s stock valued at $107,264,000 after purchasing an additional 746,913 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

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.