Barclays Cuts Dollar Tree (NASDAQ:DLTR) Price Target to $81.00

Dollar Tree (NASDAQ:DLTR) had its target price decreased by Barclays from $128.00 to $81.00 in a research report sent to investors on Thursday, Benzinga reports. Barclays currently has an equal weight rating on the stock.

DLTR has been the topic of several other reports. Wells Fargo & Company dropped their target price on shares of Dollar Tree from $160.00 to $130.00 and set an overweight rating on the stock in a research report on Tuesday, August 27th. Truist Financial lowered their price objective on shares of Dollar Tree from $140.00 to $79.00 and set a buy rating on the stock in a research report on Thursday. BMO Capital Markets lowered Dollar Tree from an outperform rating to a market perform rating and reduced their target price for the company from $130.00 to $68.00 in a report on Thursday. Piper Sandler lowered their price target on Dollar Tree from $112.00 to $67.00 and set a neutral rating on the stock in a report on Thursday. Finally, KeyCorp dropped their price target on Dollar Tree from $145.00 to $84.00 and set an overweight rating on the stock in a research report on Thursday. One analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of Hold and a consensus target price of $95.00.

Dollar Tree Price Performance

Shares of NASDAQ:DLTR opened at $66.50 on Thursday. The company has a market capitalization of $14.29 billion, a PE ratio of -14.49, a price-to-earnings-growth ratio of 0.93 and a beta of 0.87. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.23 and a current ratio of 1.28. The stock has a fifty day moving average of $97.85 and a 200-day moving average of $114.94. Dollar Tree has a one year low of $60.81 and a one year high of $151.21.

Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Wednesday, September 4th. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.37). The company had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.49 billion. Dollar Tree had a negative net margin of 3.23% and a positive return on equity of 15.67%. The company’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the prior year, the company earned $0.91 earnings per share. As a group, equities analysts anticipate that Dollar Tree will post 6.46 EPS for the current fiscal year.

Insider Activity at Dollar Tree

In other Dollar Tree 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 value of $87,314.66. Following the completion of the sale, the insider now directly owns 9,725 shares of the company’s stock, valued at $1,026,765.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Dollar Tree

A number of large investors have recently bought and sold shares of the business. Benjamin F. Edwards & Company Inc. lifted its position in shares of Dollar Tree by 6.6% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,987 shares of the company’s stock worth $282,000 after buying an additional 123 shares during the last quarter. M&T Bank Corp lifted its holdings in Dollar Tree by 7.5% in the 4th quarter. M&T Bank Corp now owns 12,010 shares of the company’s stock worth $1,706,000 after purchasing an additional 838 shares during the last quarter. Metis Global Partners LLC grew its holdings in Dollar Tree by 15.3% during the fourth quarter. Metis Global Partners LLC now owns 8,827 shares of the company’s stock valued at $1,254,000 after purchasing an additional 1,172 shares during the last quarter. Private Advisor Group LLC grew its holdings in Dollar Tree by 29.6% during the fourth quarter. Private Advisor Group LLC now owns 7,780 shares of the company’s stock valued at $1,079,000 after purchasing an additional 1,775 shares during the last quarter. Finally, Apollon Wealth Management LLC grew its holdings in Dollar Tree by 15.5% during the fourth quarter. Apollon Wealth Management LLC now owns 3,711 shares of the company’s stock valued at $527,000 after purchasing an additional 498 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors.

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.