Dollar Tree (NASDAQ:DLTR) Downgraded by KeyCorp to “Sector Weight”

KeyCorp downgraded shares of Dollar Tree (NASDAQ:DLTR) from an overweight rating to a sector weight rating in a research note released on Thursday, Marketbeat Ratings reports.

DLTR has been the topic of several other reports. Telsey Advisory Group lowered Dollar Tree from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $95.00 to $75.00 in a research report on Tuesday, November 5th. Barclays reduced their target price on shares of Dollar Tree from $128.00 to $81.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 5th. Truist Financial decreased their target price on shares of Dollar Tree from $140.00 to $79.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. Loop Capital downgraded shares of Dollar Tree from a “buy” rating to a “hold” rating and set a $65.00 price target on the stock. in a research note on Thursday, September 5th. Finally, Sanford C. Bernstein began coverage on shares of Dollar Tree in a research report on Tuesday, October 22nd. They issued a “market perform” rating and a $76.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $88.11.

Dollar Tree Price Performance

Dollar Tree stock opened at $61.41 on Thursday. The firm has a fifty day moving average of $68.87 and a 200-day moving average of $94.36. Dollar Tree has a 52-week low of $60.52 and a 52-week high of $151.21. The company has a quick ratio of 0.17, a current ratio of 1.02 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $13.20 billion, a P/E ratio of -12.58, a PEG ratio of 2.65 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.37). The company had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.49 billion. Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. The firm’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.91 earnings per share. As a group, analysts predict that Dollar Tree will post 5.32 EPS for the current year.

Insiders Place Their Bets

In other news, Director Daniel J. Heinrich acquired 2,200 shares of Dollar Tree stock in a transaction that occurred on Friday, September 6th. The shares were purchased at an average cost of $68.27 per share, for a total transaction of $150,194.00. Following the completion of the purchase, the director now directly owns 9,823 shares of the company’s stock, valued at $670,616.21. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 6.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Dollar Tree

Institutional investors have recently modified their holdings of the business. Strategic Financial Concepts LLC bought a new position in Dollar Tree in the second quarter worth about $26,000. Mather Group LLC. raised its position in shares of Dollar Tree by 198.9% during the 2nd quarter. Mather Group LLC. now owns 281 shares of the company’s stock worth $30,000 after purchasing an additional 187 shares during the period. Eastern Bank acquired a new stake in shares of Dollar Tree during the 3rd quarter worth approximately $34,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Dollar Tree in the 2nd quarter worth approximately $37,000. Finally, First Horizon Advisors Inc. boosted its position in Dollar Tree by 105.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock valued at $39,000 after purchasing an additional 284 shares during the period. Institutional investors own 97.40% of the company’s stock.

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.