Dollar Tree Inc. (NASDAQ:DLTR) was downgraded by Vetr from a “buy” rating to a “sell” rating in a research note issued on Monday. They currently have a $74.00 price target on the stock. Vetr‘s price objective would suggest a potential downside of 6.95% from the company’s current price.
DLTR has been the subject of a number of other reports. Barclays PLC initiated coverage on Dollar Tree in a report on Thursday, September 22nd. They issued an “equal weight” rating and a $88.00 price target for the company. MKM Partners reissued a “buy” rating and issued a $104.00 price objective (up from $80.00) on shares of Dollar Tree in a report on Tuesday, August 23rd. Citigroup Inc. reissued a “neutral” rating and issued a $89.00 price objective (down from $100.00) on shares of Dollar Tree in a report on Wednesday, August 31st. Atlantic Securities downgraded Dollar Tree from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $87.00 to $68.00 in a report on Tuesday, September 27th. Finally, Morgan Stanley set a $90.00 price objective on Dollar Tree and gave the company a “hold” rating in a report on Wednesday, August 31st. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $91.82.
Dollar Tree (NASDAQ:DLTR) traded up 0.76% during mid-day trading on Monday, reaching $79.53. 2,423,238 shares of the company were exchanged. The firm has a market capitalization of $18.75 billion, a P/E ratio of 26.39 and a beta of 0.54. Dollar Tree has a 1-year low of $60.31 and a 1-year high of $99.93. The stock has a 50-day moving average of $84.76 and a 200 day moving average of $86.79.
Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Thursday, August 25th. The company reported $0.72 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.73 by $0.01. The business earned $5.02 billion during the quarter, compared to analyst estimates of $5.08 billion. Dollar Tree had a net margin of 3.50% and a return on equity of 16.29%. The business’s revenue for the quarter was up 66.0% compared to the same quarter last year. During the same period last year, the company earned $0.67 earnings per share. Equities research analysts forecast that Dollar Tree will post $3.81 earnings per share for the current year.
In other news, Director Thomas A. Saunders sold 5,000 shares of the firm’s stock in a transaction on Monday, July 11th. The stock was sold at an average price of $95.50, for a total value of $477,500.00. Following the completion of the transaction, the director now owns 2,310,387 shares in the company, valued at $220,641,958.50. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Barry W. Sullivan sold 2,449 shares of the firm’s stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $83.21, for a total value of $203,781.29. Following the completion of the transaction, the insider now owns 8,904 shares of the company’s stock, valued at approximately $740,901.84. The disclosure for this sale can be found here. 4.10% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Commonwealth Equity Services Inc boosted its position in shares of Dollar Tree by 12.0% in the first quarter. Commonwealth Equity Services Inc now owns 15,176 shares of the company’s stock worth $1,251,000 after buying an additional 1,629 shares in the last quarter. Aperio Group LLC boosted its position in shares of Dollar Tree by 15.8% in the first quarter. Aperio Group LLC now owns 75,941 shares of the company’s stock worth $6,262,000 after buying an additional 10,382 shares in the last quarter. Virginia Retirement System purchased a new position in shares of Dollar Tree during the first quarter worth $298,000. Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of Dollar Tree during the first quarter worth $202,000. Finally, TIAA CREF Investment Management LLC boosted its position in shares of Dollar Tree by 28.6% in the first quarter. TIAA CREF Investment Management LLC now owns 1,049,584 shares of the company’s stock worth $86,549,000 after buying an additional 233,299 shares in the last quarter. Institutional investors and hedge funds own 94.37% of the company’s stock.
About Dollar Tree
Dollar Tree, Inc is an operator of discount variety stores. The Company operates approximately 13,851 discount variety retail stores. The Company’s segments include Dollar Tree and Family Dollar. The Dollar Tree segment operates discount variety stores offering merchandise at a fixed price. The Family Dollar segment operates a chain of general merchandise retail discount stores providing consumers with a selection of merchandise in neighborhood stores.
To view Vetr’s full report, visit Vetr’s official website.
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