Dollar Tree (NASDAQ:DLTR) Downgraded to Sell at StockNews.com

StockNews.com downgraded shares of Dollar Tree (NASDAQ:DLTR) from a hold rating to a sell rating in a report published on Friday.

A number of other analysts have also weighed in on DLTR. Barclays lowered their target price on Dollar Tree from $128.00 to $81.00 and set an equal weight rating for the company in a research note on Thursday. UBS Group dropped their target price on shares of Dollar Tree from $155.00 to $105.00 and set a buy rating for the company in a research note on Thursday. KeyCorp reduced their target price on shares of Dollar Tree from $145.00 to $84.00 and set an overweight rating on the stock in a research report on Thursday. Evercore ISI lowered their price target on shares of Dollar Tree from $128.00 to $78.00 and set an in-line rating for the company in a report on Thursday. Finally, Loop Capital downgraded Dollar Tree from a buy rating to a hold rating and set a $65.00 price objective on the stock. in a report on Thursday. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of Hold and an average price target of $95.00.

Dollar Tree Stock Down 2.9 %

Shares of DLTR stock opened at $66.50 on Friday. The stock’s 50 day simple moving average is $97.85 and its 200 day simple moving average is $115.16. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.23 and a current ratio of 1.28. Dollar Tree has a twelve month low of $60.81 and a twelve month high of $151.21. The company has a market capitalization of $14.29 billion, a price-to-earnings ratio of -14.49, a PEG ratio of 0.93 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 negative net margin of 3.23% and a positive return on equity of 15.67%. The business’s revenue was up .7% on a year-over-year basis. During the same quarter last year, the firm posted $0.91 EPS. As a group, research analysts predict that Dollar Tree will post 6.46 EPS for the current year.

Insider Activity at Dollar Tree

In related news, insider Robert Aflatooni sold 827 shares of the business’s stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $105.58, for a total transaction of $87,314.66. Following the completion of the transaction, the insider now owns 9,725 shares in the company, valued at $1,026,765.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 6.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. ICA Group Wealth Management LLC acquired a new stake in shares of Dollar Tree during the fourth quarter worth about $26,000. Strategic Financial Concepts LLC bought a new stake in Dollar Tree during the 2nd quarter worth approximately $26,000. United Community Bank acquired a new stake in Dollar Tree during the 4th quarter worth approximately $27,000. Register Financial Advisors LLC bought a new position in Dollar Tree in the first quarter valued at approximately $28,000. Finally, Mather Group LLC. boosted its holdings in shares of Dollar Tree by 198.9% in the second 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. 97.40% of the stock is currently owned by institutional investors.

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.