Dollar Tree (NASDAQ:DLTR) Downgraded by KeyCorp to “Sector Weight”

Dollar Tree (NASDAQ:DLTR) was downgraded by research analysts at KeyCorp from an “overweight” rating to a “sector weight” rating in a research note issued on Thursday, FinViz reports.

Other research analysts also recently issued reports about the company. JPMorgan Chase & Co. boosted their price target on Dollar Tree from $70.00 to $82.00 and gave the company a “neutral” rating in a report on Tuesday. Guggenheim reduced their target price on Dollar Tree from $150.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, September 6th. UBS Group decreased their price target on Dollar Tree from $155.00 to $105.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Piper Sandler dropped their price objective on shares of Dollar Tree from $112.00 to $67.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. Finally, Telsey Advisory Group cut shares of Dollar Tree from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $95.00 to $75.00 in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $88.11.

Dollar Tree Price Performance

DLTR stock opened at $62.41 on Thursday. The stock’s 50 day moving average price is $69.76 and its 200 day moving average price is $95.00. The firm has a market cap of $13.42 billion, a P/E ratio of -12.79, a PEG ratio of 2.82 and a beta of 0.87. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.17 and a current ratio of 1.02. Dollar Tree has a 1 year low of $60.52 and a 1 year high of $151.21.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Wednesday, September 4th. The company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.37). Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. The company had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.49 billion. During the same quarter in the prior year, the business posted $0.91 EPS. The company’s revenue for the quarter was up .7% compared to the same quarter last year. On average, sell-side analysts expect 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 purchased 2,200 shares of Dollar Tree stock in a transaction that occurred on Friday, September 6th. The stock was purchased at an average price of $68.27 per share, with a total value of $150,194.00. Following the completion of the acquisition, the director now owns 9,823 shares of the company’s stock, valued at approximately $670,616.21. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 6.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Dollar Tree

Several hedge funds and other institutional investors have recently modified their holdings of DLTR. Strategic Financial Concepts LLC bought a new position in Dollar Tree during the second quarter worth $26,000. Mather Group LLC. boosted its holdings in shares of Dollar Tree by 198.9% in the 2nd quarter. Mather Group LLC. now owns 281 shares of the company’s stock valued at $30,000 after buying an additional 187 shares during the period. Eastern Bank bought a new stake in shares of Dollar Tree during the 3rd quarter valued at about $34,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Dollar Tree in the second quarter worth about $37,000. Finally, Blue Trust Inc. boosted its stake in Dollar Tree by 174.5% in the second quarter. Blue Trust Inc. now owns 431 shares of the company’s stock valued at $46,000 after acquiring an additional 274 shares during the period. 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.