Dollar Tree (NASDAQ:DLTR) Given New $100.00 Price Target at Guggenheim

Dollar Tree (NASDAQ:DLTR - Get Free Report) had its price target cut by analysts at Guggenheim from $120.00 to $100.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a "buy" rating on the stock. Guggenheim's target price points to a potential upside of 39.14% from the stock's previous close.

A number of other brokerages have also recently weighed in on DLTR. StockNews.com upgraded shares of Dollar Tree from a "sell" rating to a "hold" rating in a research note on Thursday. Telsey Advisory Group restated a "market perform" rating and set a $75.00 price target on shares of Dollar Tree in a report on Wednesday. Evercore ISI dropped their price objective on Dollar Tree from $94.00 to $92.00 and set an "in-line" rating on the stock in a research note on Tuesday. Piper Sandler restated a "neutral" rating and set a $72.00 target price (up previously from $67.00) on shares of Dollar Tree in a research note on Thursday. Finally, The Goldman Sachs Group dropped their price target on Dollar Tree from $145.00 to $90.00 and set a "buy" rating on the stock in a research report on Tuesday, September 10th. Seventeen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, Dollar Tree has an average rating of "Hold" and an average target price of $85.58.

Dollar Tree Stock Down 1.0 %

DLTR traded down $0.69 during midday trading on Friday, hitting $71.87. 3,911,404 shares of the company's stock traded hands, compared to its average volume of 5,102,393. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. The company has a market cap of $15.45 billion, a PE ratio of -15.07, a price-to-earnings-growth ratio of 2.92 and a beta of 0.92. The stock's fifty day simple moving average is $67.55 and its 200-day simple moving average is $86.98. Dollar Tree has a one year low of $60.49 and a one year high of $151.21.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last released its quarterly earnings data on Wednesday, December 4th. The company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.05. The business had revenue of $7.57 billion during the quarter, compared to analyst estimates of $7.45 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. Dollar Tree's quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.97 EPS. As a group, equities analysts anticipate that Dollar Tree will post 5.37 earnings per share for the current fiscal year.

Institutional Trading of Dollar Tree

A number of large investors have recently bought and sold shares of DLTR. Strategic Financial Concepts LLC bought a new stake in shares of Dollar Tree in the 2nd quarter worth about $26,000. Mather Group LLC. boosted its position in Dollar Tree by 198.9% in the second quarter. Mather Group LLC. now owns 281 shares of the company's stock valued at $30,000 after buying an additional 187 shares in the last quarter. Eastern Bank bought a new stake in Dollar Tree during the third quarter worth about $34,000. First Horizon Advisors Inc. increased its holdings in shares of Dollar Tree by 105.6% during the third quarter. First Horizon Advisors Inc. now owns 553 shares of the company's stock worth $39,000 after buying an additional 284 shares in the last quarter. Finally, Sunbelt Securities Inc. raised its stake in shares of Dollar Tree by 738.7% in the third quarter. Sunbelt Securities Inc. now owns 629 shares of the company's stock valued at $44,000 after acquiring an additional 554 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors.

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.