Guggenheim Cuts Dollar Tree (NASDAQ:DLTR) Price Target to $120.00

Dollar Tree (NASDAQ:DLTR - Free Report) had its target price decreased by Guggenheim from $150.00 to $120.00 in a research report report published on Friday morning, Benzinga reports. Guggenheim currently has a buy rating on the stock.

A number of other equities research analysts have also weighed in on the stock. Citigroup reduced their target price on shares of Dollar Tree from $120.00 to $64.00 and set a neutral rating on the stock in a report on Thursday. JPMorgan Chase & Co. downgraded Dollar Tree from an overweight rating to a neutral rating and decreased their price objective for the company from $111.00 to $70.00 in a report on Wednesday. Barclays cut their target price on Dollar Tree from $128.00 to $81.00 and set an equal weight rating on the stock in a report on Thursday. Wells Fargo & Company lowered their price objective on Dollar Tree from $130.00 to $100.00 and set an overweight rating for the company in a research report on Thursday. Finally, Evercore ISI decreased their target price on shares of Dollar Tree from $128.00 to $78.00 and set an in-line rating for the company in a research report on Thursday. Eleven research 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, Dollar Tree presently has a consensus rating of Hold and an average target price of $95.00.

Dollar Tree Price Performance

Shares of DLTR stock traded down $1.97 on Friday, hitting $66.50. 7,536,382 shares of the company's stock were exchanged, compared to its average volume of 3,073,366. Dollar Tree has a 12 month low of $60.81 and a 12 month high of $151.21. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.28 and a quick ratio of 0.23. The company has a 50 day moving average of $98.65 and a 200 day moving average of $115.69. The stock has a market cap of $14.29 billion, a P/E ratio of -14.59, a price-to-earnings-growth ratio of 0.93 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its quarterly earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share (EPS) 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 posted $0.91 earnings per share. The firm's quarterly revenue was up .7% on a year-over-year basis. On average, equities research analysts predict that Dollar Tree will post 6.46 EPS for the current year.

Insiders Place Their Bets

In related news, insider Robert Aflatooni sold 827 shares of the stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $105.58, for a total value of $87,314.66. Following the sale, the insider now owns 9,725 shares in the company, valued at $1,026,765.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 6.80% of the company's stock.

Institutional Investors Weigh In On Dollar Tree

Hedge funds have recently bought and sold shares of the stock. Capital World Investors boosted its holdings in shares of Dollar Tree by 2.8% in the 4th quarter. Capital World Investors now owns 17,608,690 shares of the company's stock worth $2,501,314,000 after purchasing an additional 487,180 shares in the last quarter. Capital International Investors raised its stake in shares of Dollar Tree by 30.1% during the fourth quarter. Capital International Investors now owns 10,581,632 shares of the company's stock worth $1,503,123,000 after acquiring an additional 2,445,827 shares in the last quarter. FIL Ltd lifted 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 worth $454,224,000 after acquiring an additional 1,566,392 shares during the last quarter. Wellington Management Group LLP lifted its stake in Dollar Tree by 2.6% in the fourth quarter. Wellington Management Group LLP now owns 2,881,772 shares of the company's stock worth $409,356,000 after purchasing an additional 73,588 shares during the last quarter. Finally, Primecap Management Co. CA boosted its position in Dollar Tree by 50.0% during the second quarter. Primecap Management Co. CA now owns 2,872,460 shares of the company's stock valued at $306,693,000 after buying an additional 957,275 shares during the period. 97.40% of the stock is currently owned by 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.