Dollar Tree (NASDAQ:DLTR) Price Target Lowered to $155.00 at UBS Group

Dollar Tree (NASDAQ:DLTR - Free Report) had its price target reduced by UBS Group from $170.00 to $155.00 in a research report sent to investors on Friday, Benzinga reports. UBS Group currently has a buy rating on the stock.

A number of other analysts also recently issued reports on DLTR. Gordon Haskett downgraded Dollar Tree from a buy rating to a hold rating and reduced their price objective for the stock from $150.00 to $140.00 in a research note on Wednesday, April 3rd. Piper Sandler reduced their price target on shares of Dollar Tree from $168.00 to $143.00 and set an overweight rating on the stock in a research report on Thursday, June 6th. JPMorgan Chase & Co. lowered their price objective on shares of Dollar Tree from $152.00 to $135.00 and set an overweight rating for the company in a research report on Thursday, June 6th. Morgan Stanley reduced their target price on shares of Dollar Tree from $135.00 to $130.00 and set an equal weight rating on the stock in a report on Thursday, June 6th. Finally, Telsey Advisory Group lowered their price target on shares of Dollar Tree from $160.00 to $155.00 and set an outperform rating for the company in a report on Thursday, June 6th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, Dollar Tree has an average rating of Moderate Buy and an average target price of $142.45.

Dollar Tree Price Performance

DLTR traded up $1.56 during trading on Friday, reaching $106.77. 3,212,554 shares of the company traded hands, compared to its average volume of 2,828,219. The company has a market cap of $22.95 billion, a P/E ratio of -23.26, a PEG ratio of 1.11 and a beta of 0.90. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.23 and a current ratio of 1.28. Dollar Tree has a 12-month low of $101.85 and a 12-month high of $154.96. The firm has a fifty day simple moving average of $114.77 and a 200 day simple moving average of $128.49.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its quarterly earnings results on Wednesday, June 5th. The company reported $1.43 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.43. Dollar Tree had a negative net margin of 3.23% and a positive return on equity of 15.67%. The company had revenue of $7.63 billion for the quarter, compared to the consensus estimate of $7.63 billion. During the same period in the previous year, the firm posted $1.47 EPS. Dollar Tree's revenue for the quarter was up 4.2% compared to the same quarter last year. On average, equities analysts forecast that Dollar Tree will post 6.66 EPS for the current year.

Insider Buying and Selling at Dollar Tree

In other news, CFO Jeffrey A. Davis acquired 1,800 shares of the company's stock in a transaction that occurred on Monday, April 1st. The shares were bought at an average price of $136.00 per share, with a total value of $244,800.00. Following the completion of the purchase, the chief financial officer now directly owns 19,047 shares in the company, valued at $2,590,392. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Dollar Tree news, CFO Jeffrey A. Davis bought 1,800 shares of the company's stock in a transaction on Monday, April 1st. The shares were bought at an average cost of $136.00 per share, for a total transaction of $244,800.00. Following the acquisition, the chief financial officer now directly owns 19,047 shares in the company, valued at $2,590,392. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction of $87,314.66. Following the completion of the sale, the insider now owns 9,725 shares of the company's stock, valued at approximately $1,026,765.50. The disclosure for this sale can be found here. 6.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Capital World Investors boosted its stake in Dollar Tree by 2.8% in the fourth quarter. Capital World Investors now owns 17,608,690 shares of the company's stock valued at $2,501,314,000 after acquiring an additional 487,180 shares in the last quarter. Capital International Investors raised its stake in Dollar Tree by 30.1% in the fourth 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 last quarter. FIL Ltd boosted its holdings in Dollar Tree by 96.0% in the fourth quarter. FIL Ltd now owns 3,197,638 shares of the company's stock worth $454,224,000 after acquiring an additional 1,566,392 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Dollar Tree by 2.6% during the fourth quarter. Wellington Management Group LLP now owns 2,881,772 shares of the company's stock valued at $409,356,000 after acquiring an additional 73,588 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its position in shares of Dollar Tree by 14.0% in the 1st quarter. Canada Pension Plan Investment Board now owns 2,837,433 shares of the company's stock valued at $377,804,000 after purchasing an additional 348,442 shares during the last quarter. 97.40% of the stock is currently owned by hedge funds and other 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.