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

Dollar Tree (NASDAQ:DLTR) had its price target trimmed by Guggenheim from $100.00 to $95.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a buy rating on the stock.

Several other brokerages have also commented on DLTR. Piper Sandler reaffirmed a “neutral” rating and issued a $72.00 price objective (up previously from $67.00) on shares of Dollar Tree in a research report on Thursday, December 5th. Evercore ISI lifted their price target on shares of Dollar Tree from $79.00 to $85.00 and gave the stock an “in-line” rating in a report on Thursday. Wells Fargo & Company reduced their price objective on Dollar Tree from $100.00 to $85.00 and set an “overweight” rating for the company in a report on Friday, March 7th. UBS Group decreased their target price on Dollar Tree from $105.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, March 21st. Finally, JPMorgan Chase & Co. dropped their price target on Dollar Tree from $88.00 to $78.00 and set a “neutral” rating on the stock in a research report on Thursday. Sixteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Dollar Tree presently has an average rating of “Hold” and an average price target of $83.42.

Dollar Tree Price Performance

DLTR stock opened at $72.75 on Friday. The company has a market capitalization of $15.64 billion, a P/E ratio of -15.25, a price-to-earnings-growth ratio of 2.16 and a beta of 0.91. Dollar Tree has a 52-week low of $60.49 and a 52-week high of $137.14. The business has a 50-day simple moving average of $71.17 and a two-hundred day simple moving average of $70.21. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03.

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

Institutional Inflows and Outflows

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

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.