BMO Capital Markets Lowers Dollar Tree (NASDAQ:DLTR) Price Target to $145.00

Dollar Tree (NASDAQ:DLTRFree Report) had its price target decreased by BMO Capital Markets from $150.00 to $145.00 in a research note published on Thursday morning, Benzinga reports. BMO Capital Markets currently has an outperform rating on the stock.

DLTR has been the subject of several other research reports. Morgan Stanley decreased their target price on shares of Dollar Tree from $135.00 to $130.00 and set an equal weight rating for the company in a research note on Thursday. Wells Fargo & Company increased their target price on shares of Dollar Tree from $160.00 to $180.00 and gave the stock an overweight rating in a research note on Monday, March 4th. Citigroup downgraded shares of Dollar Tree from a buy rating to a neutral rating and decreased their target price for the stock from $163.00 to $120.00 in a research note on Thursday. Gordon Haskett downgraded shares of Dollar Tree from a buy rating to a hold rating and decreased their target price for the stock from $150.00 to $140.00 in a research note on Wednesday, April 3rd. Finally, Telsey Advisory Group decreased their target price on shares of Dollar Tree from $160.00 to $155.00 and set an outperform rating for the company in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, Dollar Tree has a consensus rating of Moderate Buy and an average price target of $143.70.

View Our Latest Research Report on DLTR

Dollar Tree Stock Performance

Shares of DLTR stock opened at $112.37 on Thursday. The stock’s 50-day moving average is $121.52 and its two-hundred day moving average is $130.05. The firm has a market cap of $24.52 billion, a price-to-earnings ratio of -24.32, a PEG ratio of 1.17 and a beta of 0.90. Dollar Tree has a 1 year low of $102.77 and a 1 year high of $154.96. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 1.31.

Dollar Tree (NASDAQ:DLTRGet Free Report) last issued its quarterly earnings data on Wednesday, June 5th. The company reported $1.43 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.43. Dollar Tree had a positive return on equity of 15.11% and a negative net margin of 3.26%. The company had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.63 billion. During the same quarter last year, the company posted $1.47 earnings per share. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. Analysts predict that Dollar Tree will post 6.88 earnings per share for the current year.

Insider Activity

In other Dollar Tree news, CFO Jeffrey A. Davis acquired 1,800 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was acquired at an average cost of $136.00 per share, with a total value of $244,800.00. Following the purchase, the chief financial officer now directly owns 19,047 shares in the company, valued at approximately $2,590,392. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In other Dollar Tree news, CFO Jeffrey A. Davis acquired 1,800 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was acquired at an average cost of $136.00 per share, with a total value of $244,800.00. Following the purchase, the chief financial officer now directly owns 19,047 shares in the company, valued at approximately $2,590,392. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Daniel J. Heinrich acquired 1,000 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were acquired at an average cost of $127.85 per share, with a total value of $127,850.00. Following the completion of the purchase, the director now owns 6,225 shares in the company, valued at $795,866.25. The disclosure for this purchase can be found here. Insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Kestra Private Wealth Services LLC grew its stake in Dollar Tree by 13.6% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 2,592 shares of the company’s stock worth $276,000 after acquiring an additional 311 shares during the period. Banque Cantonale Vaudoise grew its stake in Dollar Tree by 9.7% in the 3rd quarter. Banque Cantonale Vaudoise now owns 4,762 shares of the company’s stock worth $507,000 after acquiring an additional 421 shares during the period. Spire Wealth Management grew its stake in Dollar Tree by 463.1% in the 3rd quarter. Spire Wealth Management now owns 991 shares of the company’s stock worth $105,000 after acquiring an additional 815 shares during the period. Janney Montgomery Scott LLC grew its stake in Dollar Tree by 5.2% in the 3rd quarter. Janney Montgomery Scott LLC now owns 42,928 shares of the company’s stock worth $4,570,000 after acquiring an additional 2,119 shares during the period. Finally, Gamco Investors INC. ET AL grew its stake in Dollar Tree by 102.6% in the 3rd quarter. Gamco Investors INC. ET AL now owns 3,408 shares of the company’s stock worth $363,000 after acquiring an additional 1,726 shares during the period. 97.40% of the stock is owned by hedge funds and other institutional investors.

Dollar Tree Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for Dollar Tree (NASDAQ:DLTR)

Receive News & Ratings for Dollar Tree Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar Tree and related companies with MarketBeat.com's FREE daily email newsletter.