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Dollar Tree (NASDAQ:DLTR) receives new price target of 5.00 at UBS Group


Dollar Tree (NASDAQ:DLTR – Free Report) The price target was cut by UBS Group from $170.00 to $155.00 in a research note published on Friday, Benzinga reports. They currently have a buy rating on the stock.

Several other equities analysts have also commented on the stock. Morgan Stanley cut their price target on Dollar Tree shares from $135.00 to $130.00 and gave the company an equal weight rating in a report on Thursday, June 6th. KeyCorp upgraded Dollar Tree shares from a sector weight rating to an overweight rating in a research note on Wednesday, May 1st and gave the company a price target of $150.00 in a research note on Thursday, June 6th. BMO Capital Markets cut their price target on Dollar Tree shares from $150.00 to $145.00 and gave the company an outperform rating in a research note on Thursday, June 6th. TheStreet downgraded Dollar Tree shares from a B- to an Ac rating in a research note on Wednesday, March 13th. Finally, StockNews.com upgraded Dollar Tree shares from a Sell rating to a Hold rating in a research note on Wednesday, March 27. One analyst has rated the stock as a Sell, seven have given a Hold rating, and thirteen have given a Buy rating. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of $142.45.

Read our latest stock analysis on Dollar Tree

Dollar Tree price history

Dollar Tree stock opened at $106.77 on Friday. The stock has a market cap of $22.95 billion, a price-to-earnings ratio of -23.26, a price-to-earnings-growth ratio of 1.11 and a beta of 0.90. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.28 and a quick ratio of 0.23. Dollar Tree has a 1-year low of $101.85 and a 1-year high of $154.96. The company has a 50-day moving average of $114.77 and a 200-day moving average of $128.49.

Dollar Tree (NASDAQ:DLTR – Free Report) last released its quarterly earnings results on Wednesday, June 5. The company reported earnings per share of $1.43 for the quarter, meeting the consensus estimate of $1.43. Dollar Tree had a negative net margin of 3.23% and a positive return on equity of 15.67%. The company had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.63 billion. In the same quarter last year, the company reported earnings per share of $1.47. The company’s quarterly revenue grew 4.2% compared to the same quarter last year. On average, research analysts forecast that Dollar Tree will report earnings per share of $6.66 for the current year.

Insider buying and selling

In other news, CFO Jeffrey A. Davis bought 1,800 shares of the company’s stock in a transaction that occurred on Monday, April 1. The shares were bought at an average price of $136.00 per share, for a total value of $244,800.00. Following the completion of the acquisition, the chief financial officer now owns 19,047 shares of the company’s stock, valued at approximately $2,590,392. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Dollar Tree news, insider Robert Aflatooni sold 827 shares of the company’s stock in a transaction that occurred on Tuesday, June 25. The shares were sold at an average price of $105.58, for a total transaction of $87,314.66. Following the transaction, 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 SEC, which is accessible through the SEC’s website. Also, CFO Jeffrey A. Davis acquired 1,800 shares of the company’s stock in a transaction dated Monday, April 1. The shares were bought at an average price of $136.00 per share, for a total transaction of $244,800.00. Following the completion of the acquisition, the CFO now owns 19,047 shares of the company’s stock, valued at $2,590,392. The disclosure regarding this purchase can be found here. 6.80% of the shares are currently owned by insiders.

Hedge funds comment on Dollar Tree

Hedge funds and other institutional investors have recently added to or reduced their holdings of the stock. International Assets Investment Management LLC acquired a new position in Dollar Tree in the fourth quarter valued at $15,638,000. DAVENPORT & Co LLC increased its position in shares of Dollar Tree by 155.2% in the fourth quarter. DAVENPORT & Co LLC now owns 31,275 shares of the company’s stock valued at $4,443,000 after purchasing an additional 19,019 shares in the last quarter. Dorsal Capital Management LP acquired a new position in shares of Dollar Tree in the fourth quarter valued at about $35,512,000. Wellington Management Group LLP increased its position in shares of Dollar Tree by 2.6% in the fourth quarter. Wellington Management Group LLP now owns 2,881,772 shares of the company’s stock valued at $409,356,000 after purchasing an additional 73,588 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its holdings in shares of Dollar Tree by 92.6% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 146,614 shares of the company’s stock valued at $20,826,000 after purchasing an additional 70,478 shares during the last quarter. 97.40% of the shares are owned by hedge funds and other institutional investors.

About Dollar Tree

(Get free report)

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 a fixed price of $1.25. It offers consumables, including everyday consumables such as household paper and chemicals, groceries, candy, health and personal care products, and frozen and refrigerated foods; miscellaneous merchandise, including toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, arts and craft supplies, and other items; and seasonal merchandise, including Christmas, Easter, Halloween, and Valentine’s Day items.

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Analyst recommendations for Dollar Tree (NASDAQ:DLTR)



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