Dollar Tree (NASDAQ:DLTR) Coverage Initiated by Analysts at Melius Research

Investment analysts at Melius Research initiated coverage on shares of Dollar Tree (NASDAQ:DLTR) in a note issued to investors on Monday, Benzinga reports. The brokerage set a “hold” rating and a $70.00 price target on the stock. Melius Research’s price objective indicates a potential downside of 1.81% from the company’s current price.

DLTR has been the subject of a number of other research reports. Morgan Stanley cut their target price on shares of Dollar Tree from $130.00 to $80.00 and set an “equal weight” rating for the company in a research note on Thursday, September 5th. KeyCorp cut their price objective on Dollar Tree from $145.00 to $84.00 and set an “overweight” rating for the company in a research note on Thursday, September 5th. Truist Financial lowered their price target on Dollar Tree from $140.00 to $79.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Barclays reduced their price objective on Dollar Tree from $128.00 to $81.00 and set an “equal weight” rating for the company in a research note on Thursday, September 5th. Finally, Citigroup lowered their target price on shares of Dollar Tree from $120.00 to $64.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $91.40.

Dollar Tree Stock Performance

NASDAQ DLTR opened at $71.29 on Monday. The stock has a market capitalization of $15.32 billion, a price-to-earnings ratio of -15.53, a PEG ratio of 2.82 and a beta of 0.87. The stock has a 50-day moving average of $89.40 and a 200 day moving average of $108.23. 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 has a twelve month low of $60.81 and a twelve month high of $151.21.

Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $7.49 billion. During the same quarter last year, the business earned $0.91 EPS. The company’s quarterly revenue was up .7% on a year-over-year basis. Sell-side analysts anticipate that Dollar Tree will post 5.33 EPS for the current fiscal year.

Insider Buying and Selling at Dollar Tree

In related news, Director Daniel J. Heinrich bought 2,200 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were bought at an average price of $68.27 per share, with a total value 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 approximately $670,616.21. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Dollar Tree

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. ICA Group Wealth Management LLC acquired a new stake in Dollar Tree in the 4th quarter valued at approximately $26,000. Strategic Financial Concepts LLC acquired a new stake in shares of Dollar Tree in the second quarter valued at $26,000. United Community Bank purchased a new stake in shares of Dollar Tree in the 4th quarter valued at $27,000. Register Financial Advisors LLC acquired a new position in Dollar Tree during the 1st quarter worth about $28,000. Finally, Mather Group LLC. boosted its holdings in Dollar Tree by 198.9% during the 2nd quarter. Mather Group LLC. now owns 281 shares of the company’s stock valued at $30,000 after acquiring an additional 187 shares during the period. 97.40% of the stock is owned by hedge funds and other institutional investors.

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.