Wells Fargo & Company Cuts Dollar Tree (NASDAQ:DLTR) Price Target to $100.00

Dollar Tree (NASDAQ:DLTR - Get Free Report) had its target price cut by equities research analysts at Wells Fargo & Company from $130.00 to $100.00 in a research report issued on Thursday, Benzinga reports. The firm presently has an "overweight" rating on the stock. Wells Fargo & Company's price target indicates a potential upside of 46.05% from the stock's previous close.

Several other research analysts have also commented on DLTR. Barclays cut their price target on Dollar Tree from $128.00 to $81.00 and set an "equal weight" rating on the stock in a research report on Thursday. Citigroup cut their price target on Dollar Tree from $120.00 to $64.00 and set a "neutral" rating on the stock in a research report on Thursday. JPMorgan Chase & Co. lowered Dollar Tree from an "overweight" rating to a "neutral" rating and dropped their target price for the company from $111.00 to $70.00 in a report on Wednesday. Truist Financial dropped their target price on Dollar Tree from $140.00 to $79.00 and set a "buy" rating on the stock in a report on Thursday. Finally, KeyCorp dropped their target price on Dollar Tree from $145.00 to $84.00 and set an "overweight" rating on the stock in a report on Thursday. Eleven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $97.63.

Dollar Tree Stock Up 7.7 %

DLTR stock traded up $4.91 during trading on Thursday, hitting $68.47. 20,770,303 shares of the company's stock were exchanged, compared to its average volume of 3,051,201. The business has a 50-day moving average price of $98.65 and a two-hundred day moving average price of $115.69. The stock has a market capitalization of $14.72 billion, a price-to-earnings ratio of -14.92, a PEG ratio of 0.93 and a beta of 0.87. Dollar Tree has a 52-week low of $60.81 and a 52-week high of $151.21. The company has a current ratio of 1.28, a quick ratio of 0.23 and a debt-to-equity ratio of 0.47.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last posted its 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). The business had revenue of $7.37 billion for the quarter, compared to analysts' expectations of $7.49 billion. Dollar Tree had a positive return on equity of 15.67% and a negative net margin of 3.23%. Dollar Tree's revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.91 EPS. As a group, equities research analysts expect that Dollar Tree will post 6.46 EPS for the current year.

Insiders Place Their Bets

In other Dollar Tree news, insider Robert Aflatooni sold 827 shares of the business's stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $105.58, for a total transaction of $87,314.66. Following the sale, the insider now directly owns 9,725 shares in the company, valued at $1,026,765.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 6.80% of the stock is owned by company insiders.

Institutional Trading of Dollar Tree

A number of institutional investors have recently bought and sold shares of DLTR. Capital World Investors lifted its position in shares of 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 lifted its position in shares of 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 acquiring an additional 2,445,827 shares in the last quarter. FIL Ltd lifted its position in shares of Dollar Tree by 96.0% in the fourth quarter. FIL Ltd now owns 3,197,638 shares of the company's stock valued at $454,224,000 after acquiring an additional 1,566,392 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Dollar Tree by 2.6% in 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, Primecap Management Co. CA lifted its position in shares of Dollar Tree by 50.0% in the second quarter. Primecap Management Co. CA now owns 2,872,460 shares of the company's stock valued at $306,693,000 after acquiring an additional 957,275 shares in the last quarter. 97.40% of the stock is currently owned by hedge funds and other 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.