Dollar Tree (NASDAQ:DLTR) Price Target Lowered to $65.00 at BMO Capital Markets

Dollar Tree (NASDAQ:DLTR - Free Report) had its price objective trimmed by BMO Capital Markets from $68.00 to $65.00 in a report released on Monday,Benzinga reports. The brokerage currently has a market perform rating on the stock.

Several other analysts have also recently issued reports on DLTR. Truist Financial dropped their price objective 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. Piper Sandler decreased their price target on shares of Dollar Tree from $112.00 to $67.00 and set a "neutral" rating for the company in a research note on Thursday, September 5th. Melius Research started coverage on shares of Dollar Tree in a research note on Monday, September 23rd. They issued a "hold" rating and a $70.00 target price for the company. JPMorgan Chase & Co. raised their target price on shares of Dollar Tree from $70.00 to $82.00 and gave the company a "neutral" rating in a report on Tuesday, November 5th. Finally, UBS Group lowered their target price on shares of Dollar Tree from $155.00 to $105.00 and set a "buy" rating for the company in a report on Thursday, September 5th. Sixteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $87.95.

Dollar Tree Price Performance

DLTR stock traded up $2.33 during trading on Monday, reaching $66.53. The company's stock had a trading volume of 4,999,029 shares, compared to its average volume of 3,400,048. The company's fifty day moving average is $67.95 and its 200-day moving average is $91.99. Dollar Tree has a 1 year low of $60.49 and a 1 year high of $151.21. The company has a market capitalization of $14.30 billion, a P/E ratio of -13.71, a price-to-earnings-growth ratio of 2.71 and a beta of 0.87. The company has a quick ratio of 0.17, a current ratio of 1.02 and a debt-to-equity ratio of 0.33.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its earnings results on Wednesday, September 4th. The company reported $0.67 EPS for the quarter, missing analysts' consensus estimates 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 company had revenue of $7.37 billion for the quarter, compared to analysts' expectations of $7.49 billion. During the same period last year, the business posted $0.91 earnings per share. The business's revenue was up .7% compared to the same quarter last year. On average, research analysts expect 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 purchased 2,200 shares of the business's stock in a transaction on Friday, September 6th. The stock was acquired at an average price of $68.27 per share, with a total value of $150,194.00. Following the completion of the acquisition, 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 6.80% of the company's stock.

Institutional Investors Weigh In On Dollar Tree

Several large investors have recently added to or reduced their stakes in the stock. Mount Yale Investment Advisors LLC lifted its holdings in Dollar Tree by 4.9% during the first quarter. Mount Yale Investment Advisors LLC now owns 1,985 shares of the company's stock worth $264,000 after buying an additional 93 shares during the period. EverSource Wealth Advisors LLC lifted its stake in Dollar Tree by 29.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 486 shares of the company's stock valued at $65,000 after buying an additional 110 shares in the last quarter. Valeo Financial Advisors LLC lifted its stake in Dollar Tree by 2.1% in the 2nd quarter. Valeo Financial Advisors LLC now owns 5,650 shares of the company's stock worth $603,000 after purchasing an additional 116 shares in the last quarter. Raymond James Trust N.A. lifted its stake in Dollar Tree by 2.5% in the 2nd quarter. Raymond James Trust N.A. now owns 4,996 shares of the company's stock worth $533,000 after purchasing an additional 124 shares in the last quarter. Finally, Burney Co. raised its position in shares of Dollar Tree by 1.4% during the 1st quarter. Burney Co. now owns 9,598 shares of the company's stock valued at $1,278,000 after buying an additional 131 shares during the period. 97.40% of the stock is owned by institutional investors.

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.