Dollar Tree (NASDAQ:DLTR) PT Lowered to $105.00 at UBS Group

Dollar Tree (NASDAQ:DLTR) had its price objective trimmed by UBS Group from $155.00 to $105.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a buy rating on the stock.

Other equities analysts have also recently issued reports about the company. Evercore ISI dropped their target price on Dollar Tree from $128.00 to $78.00 and set an in-line rating for the company in a report on Thursday. Loop Capital lowered Dollar Tree from a buy rating to a hold rating and set a $65.00 price objective for the company. in a research note on Thursday. Wells Fargo & Company reduced their target price on shares of Dollar Tree from $160.00 to $130.00 and set an overweight rating on the stock in a research note on Tuesday, August 27th. Morgan Stanley lowered their target price on shares of Dollar Tree from $130.00 to $80.00 and set an equal weight rating on the stock in a report on Thursday. Finally, BMO Capital Markets downgraded shares of Dollar Tree from an outperform rating to a market perform rating and cut their price target for the company from $130.00 to $68.00 in a report on Thursday. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of Hold and an average price target of $95.00.

Dollar Tree Stock Down 2.9 %

DLTR opened at $66.50 on Thursday. The company has a market capitalization of $14.29 billion, a P/E ratio of -14.49, a P/E/G ratio of 0.93 and a beta of 0.87. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.28 and a quick ratio of 0.23. The firm’s fifty day moving average price is $97.85 and its two-hundred day moving average price is $114.94. Dollar Tree has a fifty-two week low of $60.81 and a fifty-two week high of $151.21.

Dollar Tree (NASDAQ:DLTR) last issued its 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). Dollar Tree had a negative net margin of 3.23% and a positive return on equity of 15.67%. The business had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.49 billion. During the same quarter last year, the firm posted $0.91 earnings per share. Dollar Tree’s revenue was up .7% on a year-over-year basis. On average, analysts anticipate that Dollar Tree will post 6.46 EPS for the current year.

Insider Buying and Selling

In other Dollar Tree news, insider Robert Aflatooni sold 827 shares of the stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $105.58, for a total value of $87,314.66. Following the transaction, the insider now directly owns 9,725 shares in the company, valued at approximately $1,026,765.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 6.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Dollar Tree

Several large investors have recently made changes to their positions in DLTR. Sanctuary Advisors LLC bought a new position in Dollar Tree in the second quarter valued at about $779,000. New Wave Wealth Advisors LLC acquired a new position in Dollar Tree during the 2nd quarter valued at about $222,000. McGinn Penninger Investment Management Inc. boosted its stake in shares of Dollar Tree by 0.5% in the 2nd quarter. McGinn Penninger Investment Management Inc. now owns 45,503 shares of the company’s stock valued at $4,858,000 after purchasing an additional 210 shares during the last quarter. Point72 Asset Management L.P. grew its position in shares of Dollar Tree by 165.4% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,028,411 shares of the company’s stock worth $109,803,000 after buying an additional 640,848 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of Dollar Tree by 101.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,960 shares of the company’s stock worth $316,000 after buying an additional 1,490 shares during the period. 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.