Citigroup Trims Dollar Tree (NASDAQ:DLTR) Target Price to $64.00

Dollar Tree (NASDAQ:DLTR) had its target price reduced by Citigroup from $120.00 to $64.00 in a research report released on Thursday morning, Benzinga reports. They currently have a neutral rating on the stock.

Other analysts have also recently issued research reports about the stock. Piper Sandler decreased their target price on shares of Dollar Tree from $112.00 to $67.00 and set a neutral rating on the stock in a research note on Thursday. KeyCorp decreased their target price on Dollar Tree from $145.00 to $84.00 and set an overweight rating for the company in a research note on Thursday. Loop Capital downgraded Dollar Tree from a buy rating to a hold rating and set a $65.00 target price for the company. in a research note on Thursday. Telsey Advisory Group decreased their price objective on Dollar Tree from $120.00 to $95.00 and set an outperform rating for the company in a report on Thursday. Finally, Truist Financial cut their target price on Dollar Tree from $140.00 to $79.00 and set a buy rating on the stock in a report on Thursday. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Dollar Tree has an average rating of Hold and a consensus price target of $95.00.

Dollar Tree Stock Performance

DLTR opened at $66.50 on Thursday. Dollar Tree has a 1 year low of $60.81 and a 1 year high of $151.21. The company has a market capitalization of $14.29 billion, a PE ratio of -14.49, a price-to-earnings-growth ratio of 0.93 and a beta of 0.87. The business has a fifty day simple moving average of $97.85 and a 200 day simple moving average of $114.94. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.28 and a quick ratio of 0.23.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.37). Dollar Tree had a positive return on equity of 15.67% and a negative net margin of 3.23%. 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 posted $0.91 earnings per share. The business’s revenue for the quarter was up .7% compared to the same quarter last year. Research analysts expect that Dollar Tree will post 6.46 EPS for the current year.

Insider Buying and Selling at Dollar Tree

In other news, insider Robert Aflatooni sold 827 shares of the firm’s stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $105.58, for a total transaction of $87,314.66. Following the completion of the sale, the insider now directly owns 9,725 shares of the company’s stock, valued at approximately $1,026,765.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Dollar Tree

Several large investors have recently modified their holdings of the stock. ICA Group Wealth Management LLC bought a new position in Dollar Tree during the fourth quarter worth about $26,000. Strategic Financial Concepts LLC bought a new position in shares of Dollar Tree in the 2nd quarter worth $26,000. United Community Bank bought a new stake in shares of Dollar Tree during the 4th quarter worth $27,000. Register Financial Advisors LLC purchased a new position in shares of Dollar Tree during the 1st quarter valued at about $28,000. Finally, Mather Group LLC. lifted its stake in Dollar Tree by 198.9% in the second quarter. Mather Group LLC. now owns 281 shares of the company’s stock worth $30,000 after purchasing an additional 187 shares during the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Dollar Tree Company Profile

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.