Loop Capital Downgrades Dollar Tree (NASDAQ:DLTR) to Hold

Dollar Tree (NASDAQ:DLTR - Get Free Report) was downgraded by analysts at Loop Capital from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Thursday, Marketbeat.com reports. They currently have a $65.00 price target on the stock. Loop Capital's price objective would indicate a potential downside of 5.07% from the company's previous close.

Other research analysts have also issued reports about the stock. UBS Group decreased their price target on shares of Dollar Tree from $170.00 to $155.00 and set a "buy" rating on the stock in a research note on Friday, June 28th. Truist Financial decreased their target price on Dollar Tree from $147.00 to $140.00 and set a "buy" rating on the stock in a research report on Thursday, June 6th. Telsey Advisory Group dropped their price target on Dollar Tree from $155.00 to $120.00 and set an "outperform" rating for the company in a research report on Friday, August 30th. Wells Fargo & Company decreased their price objective on Dollar Tree from $160.00 to $130.00 and set an "overweight" rating on the stock in a report on Tuesday, August 27th. Finally, Piper Sandler lowered shares of Dollar Tree from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $143.00 to $112.00 in a report on Tuesday, July 16th. Eleven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $97.63.

Dollar Tree Price Performance

Shares of NASDAQ:DLTR traded up $4.91 during trading on Thursday, reaching $68.47. 20,770,303 shares of the company's stock traded hands, compared to its average volume of 3,051,201. The company has a quick ratio of 0.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.47. Dollar Tree has a fifty-two week low of $60.81 and a fifty-two week high of $151.21. The company has a 50-day simple moving average of $98.65 and a 200-day simple moving average of $115.69. The firm has a market cap of $14.72 billion, a PE ratio of -14.92, a P/E/G ratio of 0.93 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its quarterly earnings data on Wednesday, September 4th. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.37). The business had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.49 billion. Dollar Tree had a negative net margin of 3.23% and a positive return on equity of 15.67%. The firm's revenue for the quarter was up .7% on a year-over-year basis. During the same period in the previous year, the business posted $0.91 earnings per share. As a group, analysts predict that Dollar Tree will post 6.46 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Robert Aflatooni sold 827 shares of the business's stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $105.58, for a total value of $87,314.66. Following the sale, the insider now directly owns 9,725 shares in the company, valued at approximately $1,026,765.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 6.80% of the stock is currently owned by company insiders.

Institutional Trading of Dollar Tree

Several institutional investors have recently added to or reduced their stakes in the stock. ICA Group Wealth Management LLC purchased a new stake in Dollar Tree during the fourth quarter worth about $26,000. Strategic Financial Concepts LLC acquired a new stake in Dollar Tree during the 2nd quarter worth approximately $26,000. United Community Bank acquired a new stake in Dollar Tree during the 4th quarter worth approximately $27,000. Register Financial Advisors LLC acquired a new position in shares of Dollar Tree in the first quarter worth $28,000. Finally, Mather Group LLC. grew its stake in shares of Dollar Tree by 198.9% in the second quarter. Mather Group LLC. now owns 281 shares of the company's stock worth $30,000 after acquiring an additional 187 shares in the last quarter. Institutional investors and hedge funds 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.