Dollar Tree (NASDAQ:DLTR) Lowered to "Sell" Rating by StockNews.com

Dollar Tree (NASDAQ:DLTR - Get Free Report) was downgraded by StockNews.com from a "hold" rating to a "sell" rating in a report released on Wednesday.

Several other equities research analysts have also issued reports on the stock. Citigroup lowered their price target on shares of Dollar Tree from $120.00 to $64.00 and set a "neutral" rating on the stock in a research note on Thursday, September 5th. Truist Financial reduced their price target on Dollar Tree from $140.00 to $79.00 and set a "buy" rating for the company in a research note on Thursday, September 5th. The Goldman Sachs Group decreased their price objective on shares of Dollar Tree from $145.00 to $90.00 and set a "buy" rating on the stock in a research note on Tuesday, September 10th. KeyCorp downgraded Dollar Tree from an "overweight" rating to a "sector weight" rating in a research report on Thursday, November 7th. Finally, Guggenheim decreased their price objective on shares of Dollar Tree from $150.00 to $120.00 and set a "buy" rating for the company in a research report on Friday, September 6th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, Dollar Tree has a consensus rating of "Hold" and an average price target of $87.95.

Dollar Tree Stock Performance

Shares of DLTR stock traded down $1.69 during trading hours on Wednesday, reaching $63.18. The stock had a trading volume of 6,029,053 shares, compared to its average volume of 3,412,272. Dollar Tree has a twelve month low of $60.49 and a twelve month high of $151.21. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.02 and a quick ratio of 0.17. The firm has a market capitalization of $13.58 billion, a PE ratio of -13.29, a price-to-earnings-growth ratio of 2.54 and a beta of 0.87. The firm has a 50-day simple moving average of $67.92 and a 200-day simple moving average of $91.22.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last released 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 for the quarter, compared to the consensus estimate of $7.49 billion. Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. The business's revenue was up .7% compared to the same quarter last year. During the same quarter last year, the company posted $0.91 EPS. As a group, equities analysts forecast that Dollar Tree will post 5.35 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Daniel J. Heinrich purchased 2,200 shares of Dollar Tree stock in a transaction dated 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 purchase, the director now owns 9,823 shares in the company, valued at approximately $670,616.21. This trade represents a 28.86 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 6.80% of the stock is currently owned by company insiders.

Institutional Trading of Dollar Tree

Hedge funds have recently bought and sold shares of the business. Primecap Management Co. CA boosted its holdings in shares of Dollar Tree by 50.0% in the second quarter. Primecap Management Co. CA now owns 2,872,460 shares of the company's stock worth $306,693,000 after acquiring an additional 957,275 shares during the period. Renaissance Technologies LLC increased its stake in shares of Dollar Tree by 488.4% during the second quarter. Renaissance Technologies LLC now owns 1,044,595 shares of the company's stock valued at $111,531,000 after purchasing an additional 867,054 shares in the last quarter. Equity Investment Corp increased its position in shares of Dollar Tree by 95.9% during the third quarter. Equity Investment Corp now owns 1,525,374 shares of the company's stock valued at $107,264,000 after acquiring an additional 746,913 shares in the last quarter. Point72 Asset Management L.P. boosted its holdings in Dollar Tree by 165.4% in the second quarter. Point72 Asset Management L.P. now owns 1,028,411 shares of the company's stock worth $109,803,000 after purchasing an additional 640,848 shares during the last quarter. Finally, Canoe Financial LP bought a new stake in Dollar Tree during the third quarter valued at approximately $46,576,000. Institutional investors and hedge funds own 97.40% of the company's stock.

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.