Dollar Tree (NASDAQ:DLTR) Price Target Lowered to $95.00 at Guggenheim

Dollar Tree (NASDAQ:DLTR) had its price target decreased by equities researchers at Guggenheim from $100.00 to $95.00 in a report issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. Guggenheim’s price target would suggest a potential upside of 28.54% from the stock’s previous close.

Several other analysts have also commented on the stock. StockNews.com upgraded shares of Dollar Tree from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th. Truist Financial cut their price target on Dollar Tree from $83.00 to $76.00 and set a “buy” rating for the company in a research note on Tuesday. Telsey Advisory Group upped their price target on Dollar Tree from $75.00 to $82.00 and gave the stock a “market perform” rating in a report on Thursday. JPMorgan Chase & Co. dropped their price objective on Dollar Tree from $88.00 to $78.00 and set a “neutral” rating on the stock in a report on Thursday. Finally, Wells Fargo & Company cut their price objective on Dollar Tree from $100.00 to $85.00 and set an “overweight” rating for the company in a research report on Friday, March 7th. Sixteen analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $83.42.

Dollar Tree Stock Performance

DLTR traded down $3.04 on Friday, reaching $73.91. 2,328,579 shares of the stock were exchanged, compared to its average volume of 3,497,361. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. The company’s 50-day moving average price is $71.15 and its 200 day moving average price is $70.18. The firm has a market capitalization of $15.89 billion, a PE ratio of -15.52, a PEG ratio of 2.16 and a beta of 0.91. Dollar Tree has a fifty-two week low of $60.49 and a fifty-two week high of $137.14.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.09). Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The business had revenue of $5 billion for the quarter, compared to analysts’ expectations of $8.23 billion. During the same period in the prior year, the business posted $2.55 earnings per share. The business’s quarterly revenue was up .7% compared to the same quarter last year. As a group, sell-side analysts forecast that Dollar Tree will post 5.39 EPS for the current fiscal year.

Institutional Investors Weigh In On Dollar Tree

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Bessemer Group Inc. boosted its stake in Dollar Tree by 34,600.0% in the fourth quarter. Bessemer Group Inc. now owns 347 shares of the company’s stock valued at $26,000 after acquiring an additional 346 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of Dollar Tree by 74.1% in the 4th quarter. Assetmark Inc. now owns 350 shares of the company’s stock valued at $26,000 after purchasing an additional 149 shares during the last quarter. Versant Capital Management Inc acquired a new stake in shares of Dollar Tree in the 4th quarter valued at about $30,000. Parkside Financial Bank & Trust grew its stake in Dollar Tree by 120.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 424 shares of the company’s stock worth $32,000 after buying an additional 232 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its position in Dollar Tree by 91.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock worth $33,000 after buying an additional 210 shares during the period. 97.40% of the stock is currently owned by institutional investors and hedge funds.

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.