Dollar Tree (NASDAQ:DLTR) Downgraded to “Market Perform” Rating by Telsey Advisory Group

Telsey Advisory Group cut shares of Dollar Tree (NASDAQ:DLTR) from an outperform rating to a market perform rating in a research report released on Tuesday morning, MarketBeat.com reports. Telsey Advisory Group currently has $75.00 target price on the stock, down from their prior target price of $95.00.

A number of other research firms have also weighed in on DLTR. Guggenheim dropped their price objective on shares of Dollar Tree from $150.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, September 6th. StockNews.com downgraded shares of Dollar Tree from a “hold” rating to a “sell” rating in a report on Friday, September 6th. Loop Capital downgraded shares of Dollar Tree from a “buy” rating to a “hold” rating and set a $65.00 target price for the company. in a report on Thursday, September 5th. KeyCorp lowered their target price on shares of Dollar Tree from $145.00 to $84.00 and set an “overweight” rating for the company in a report on Thursday, September 5th. Finally, UBS Group lowered their target price on shares of Dollar Tree from $155.00 to $105.00 and set a “buy” rating for the company in a report on Thursday, September 5th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Dollar Tree presently has a consensus rating of “Hold” and an average target price of $88.11.

Dollar Tree Stock Down 0.1 %

Dollar Tree stock opened at $66.77 on Tuesday. Dollar Tree has a 1-year low of $60.81 and a 1-year high of $151.21. The firm has a market capitalization of $14.35 billion, a price-to-earnings ratio of -13.68, a price-to-earnings-growth ratio of 2.82 and a beta of 0.87. The firm’s fifty day moving average price is $70.40 and its two-hundred day moving average price is $95.23. The company has a current ratio of 1.02, a quick ratio of 0.17 and a debt-to-equity ratio of 0.33.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data 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 negative net margin of 3.44% and a positive return on equity of 15.77%. The business had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.49 billion. During the same period last year, the business posted $0.91 earnings per share. The firm’s quarterly revenue was up .7% on a year-over-year basis. On average, equities research analysts predict that Dollar Tree will post 5.33 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Dollar Tree news, Director Daniel J. Heinrich bought 2,200 shares of the business’s stock in a transaction on Friday, September 6th. The stock was purchased at an average price of $68.27 per share, for a total transaction of $150,194.00. Following the completion of the transaction, the director now directly owns 9,823 shares of the company’s stock, valued at $670,616.21. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 6.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Dollar Tree

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Primecap Management Co. CA boosted its position 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 purchasing an additional 957,275 shares during the period. Canada Pension Plan Investment Board boosted its position in shares of Dollar Tree by 14.0% in the first quarter. Canada Pension Plan Investment Board now owns 2,837,433 shares of the company’s stock valued at $377,804,000 after acquiring an additional 348,442 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Dollar Tree by 5.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,492,814 shares of the company’s stock valued at $266,124,000 after acquiring an additional 138,042 shares during the period. American Century Companies Inc. boosted its position in shares of Dollar Tree by 6.6% in the second quarter. American Century Companies Inc. now owns 2,003,910 shares of the company’s stock valued at $213,958,000 after acquiring an additional 124,021 shares during the period. Finally, Burgundy Asset Management Ltd. boosted its position in shares of Dollar Tree by 0.7% in the first quarter. Burgundy Asset Management Ltd. now owns 1,851,494 shares of the company’s stock valued at $246,526,000 after acquiring an additional 12,845 shares during the period. Institutional investors 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.