Dollar Tree (NASDAQ:DLTR) Stock Rating Lowered by StockNews.com

Dollar Tree (NASDAQ:DLTR - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "hold" rating to a "sell" rating in a research note issued on Friday.

Several other research firms also recently weighed in on DLTR. Citigroup reduced their price target on shares of Dollar Tree from $120.00 to $64.00 and set a "neutral" rating for the company in a research report on Thursday. KeyCorp cut their price objective on shares of Dollar Tree from $145.00 to $84.00 and set an "overweight" rating for the company in a report on Thursday. JPMorgan Chase & Co. downgraded shares of Dollar Tree from an "overweight" rating to a "neutral" rating and cut their price objective for the company from $111.00 to $70.00 in a report on Wednesday. Piper Sandler cut their price objective on shares of Dollar Tree from $112.00 to $67.00 and set a "neutral" rating for the company in a report on Thursday. Finally, Telsey Advisory Group cut their price objective on shares of Dollar Tree from $120.00 to $95.00 and set an "outperform" rating for the company in a report on Thursday. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $95.00.

Dollar Tree Price Performance

Shares of DLTR traded down $1.97 during mid-day trading on Friday, hitting $66.50. 7,536,382 shares of the company were exchanged, compared to its average volume of 3,073,366. Dollar Tree has a 1-year low of $60.81 and a 1-year high of $151.21. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.23 and a current ratio of 1.28. The company has a 50 day moving average of $97.85 and a 200-day moving average of $115.16. The stock has a market cap of $14.29 billion, a price-to-earnings ratio of -14.49, a price-to-earnings-growth ratio of 0.93 and a beta of 0.87.

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 for the quarter, missing the consensus estimate of $1.04 by ($0.37). Dollar Tree had a positive return on equity of 15.67% and a negative net margin of 3.23%. The company had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.49 billion. During the same quarter last year, the company earned $0.91 EPS. The firm's revenue for the quarter was up .7% on a year-over-year basis. Analysts expect that Dollar Tree will post 6.46 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Robert Aflatooni sold 827 shares of the stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $105.58, for a total transaction of $87,314.66. Following the completion of the transaction, the insider now owns 9,725 shares of the company's stock, valued at approximately $1,026,765.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Dollar Tree

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DLTR. Capital International Investors boosted its position in Dollar Tree by 30.1% in the 4th quarter. Capital International Investors now owns 10,581,632 shares of the company's stock valued at $1,503,123,000 after buying an additional 2,445,827 shares during the period. Norges Bank purchased a new position in Dollar Tree in the 4th quarter valued at approximately $333,373,000. FIL Ltd raised its holdings in shares of Dollar Tree by 96.0% in the 4th quarter. FIL Ltd now owns 3,197,638 shares of the company's stock valued at $454,224,000 after purchasing an additional 1,566,392 shares in the last quarter. National Bank of Canada FI raised its holdings in shares of Dollar Tree by 223.4% in the 1st quarter. National Bank of Canada FI now owns 1,414,788 shares of the company's stock valued at $188,379,000 after purchasing an additional 977,313 shares in the last quarter. Finally, Primecap Management Co. CA raised its holdings in shares of Dollar Tree by 50.0% in the 2nd quarter. Primecap Management Co. CA now owns 2,872,460 shares of the company's stock valued at $306,693,000 after purchasing an additional 957,275 shares in the last quarter. Hedge funds and other institutional investors 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.

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