Dollar Tree (NASDAQ:DLTR) Cut to “Market Perform” at Telsey Advisory Group

Dollar Tree (NASDAQ:DLTR) was downgraded by investment analysts at Telsey Advisory Group from an “outperform” rating to a “market perform” rating in a report released on Tuesday, Briefing.com reports. They presently have a $75.00 price target on the stock, down from their previous price target of $95.00. Telsey Advisory Group’s price target would suggest a potential upside of 12.26% from the company’s current price.

A number of other analysts have also recently commented on DLTR. Morgan Stanley reduced 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 report on Thursday, September 5th. UBS Group cut their price target on Dollar Tree from $155.00 to $105.00 and set a “buy” rating for the company in a report on Thursday, September 5th. 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 report on Thursday, September 5th. The Goldman Sachs Group dropped their price objective on shares of Dollar Tree from $145.00 to $90.00 and set a “buy” rating for the company in a research note on Tuesday, September 10th. Finally, Evercore ISI cut their target price on Dollar Tree from $105.00 to $100.00 and set an “in-line” rating on the stock in a research note on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Dollar Tree presently has a consensus rating of “Hold” and an average price target of $87.47.

Dollar Tree Price Performance

DLTR opened at $66.81 on Tuesday. Dollar Tree has a 12-month low of $60.81 and a 12-month high of $151.21. The company has a market cap of $14.36 billion, a price-to-earnings ratio of -13.69, a price-to-earnings-growth ratio of 2.82 and a beta of 0.87. The company has a current ratio of 1.02, a quick ratio of 0.17 and a debt-to-equity ratio of 0.33. The stock has a fifty day simple moving average of $70.97 and a two-hundred day simple moving average of $95.62.

Dollar Tree (NASDAQ:DLTR) last issued 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). The firm had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.49 billion. Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. The company’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.91 EPS. Research analysts predict that Dollar Tree will post 5.33 earnings per share 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 stock in a transaction that occurred on Friday, September 6th. The stock was bought at an average cost of $68.27 per share, for a total transaction of $150,194.00. Following the purchase, the director now directly owns 9,823 shares of the company’s stock, valued at approximately $670,616.21. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 6.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Dollar Tree

A number of institutional investors and hedge funds have recently modified their holdings of the company. Sanctuary Advisors LLC acquired a new stake in Dollar Tree during the 2nd quarter valued at approximately $779,000. Raymond James & Associates boosted its holdings in Dollar Tree by 80.6% in the third quarter. Raymond James & Associates now owns 310,084 shares of the company’s stock valued at $21,805,000 after purchasing an additional 138,415 shares during the last quarter. Forsta AP Fonden grew its position in Dollar Tree by 174.7% during the 3rd quarter. Forsta AP Fonden now owns 98,600 shares of the company’s stock worth $6,934,000 after purchasing an additional 62,700 shares during the period. Point72 Asset Management L.P. raised its stake 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 valued at $109,803,000 after buying an additional 640,848 shares during the last quarter. Finally, Smithbridge Asset Management Inc. DE lifted its holdings in shares of Dollar Tree by 74.6% in the 3rd quarter. Smithbridge Asset Management Inc. DE now owns 24,634 shares of the company’s stock valued at $1,732,000 after buying an additional 10,522 shares during the period. Institutional investors and hedge funds 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.