BMO Capital Markets Issues Pessimistic Forecast for Dollar Tree (NASDAQ:DLTR) Stock Price

Dollar Tree (NASDAQ:DLTR) had its target price lowered by BMO Capital Markets from $68.00 to $65.00 in a research note issued to investors on Monday morning,Benzinga reports. The brokerage currently has a market perform rating on the stock.

Several other brokerages also recently commented on DLTR. Piper Sandler cut their target price on Dollar Tree from $112.00 to $67.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. Citigroup dropped their price objective on Dollar Tree from $120.00 to $64.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. Redburn Atlantic upgraded Dollar Tree to a “hold” rating in a report on Monday, September 23rd. Melius Research assumed coverage on shares of Dollar Tree in a research note on Monday, September 23rd. They set a “hold” rating and a $70.00 target price on the stock. Finally, Evercore ISI dropped their price target on shares of Dollar Tree from $105.00 to $100.00 and set an “in-line” rating on the stock in a report on Tuesday, October 22nd. One 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 stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $87.95.

Dollar Tree Price Performance

DLTR opened at $65.75 on Monday. Dollar Tree has a 1 year low of $60.49 and a 1 year high of $151.21. The stock has a 50-day moving average price of $67.81 and a 200-day moving average price of $90.85. The firm has a market cap of $14.14 billion, a PE ratio of -13.47, a P/E/G ratio of 2.57 and a beta of 0.87. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.02 and a quick ratio of 0.17.

Dollar Tree (NASDAQ:DLTR) last issued its 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). Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. The firm had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.49 billion. During the same quarter in the prior year, the company posted $0.91 EPS. The company’s quarterly revenue was up .7% on a year-over-year basis. Sell-side analysts predict that Dollar Tree will post 5.35 earnings per share for the current fiscal year.

Insider Transactions at Dollar Tree

In related news, Director Daniel J. Heinrich bought 2,200 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were bought at an average cost of $68.27 per share, for a total transaction of $150,194.00. Following the completion of the transaction, the director now owns 9,823 shares of the company’s stock, valued at approximately $670,616.21. This trade represents a 28.86 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Blair William & Co. IL raised its stake in Dollar Tree by 2.7% during the 1st quarter. Blair William & Co. IL now owns 8,724 shares of the company’s stock worth $1,162,000 after acquiring an additional 230 shares during the period. O Shaughnessy Asset Management LLC raised its position in shares of Dollar Tree by 49.8% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 6,902 shares of the company’s stock valued at $919,000 after purchasing an additional 2,294 shares during the period. Seven Eight Capital LP purchased a new position in shares of Dollar Tree during the 1st quarter valued at $422,000. UniSuper Management Pty Ltd boosted its holdings in Dollar Tree by 319.9% in the 1st quarter. UniSuper Management Pty Ltd now owns 8,961 shares of the company’s stock worth $1,193,000 after buying an additional 6,827 shares during the period. Finally, Bessemer Group Inc. increased its stake in Dollar Tree by 21.4% in the 1st quarter. Bessemer Group Inc. now owns 1,585 shares of the company’s stock worth $212,000 after buying an additional 279 shares in the last quarter. 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.