Dollar Tree (NASDAQ:DLTR - Free Report) had its target price trimmed by Wells Fargo & Company from $100.00 to $85.00 in a report issued on Friday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.
Several other equities research analysts have also issued reports on DLTR. Loop Capital increased their target price on shares of Dollar Tree from $65.00 to $75.00 and gave the stock a "hold" rating in a report on Thursday, December 5th. Evercore ISI reduced their price objective on shares of Dollar Tree from $94.00 to $92.00 and set an "in-line" rating for the company in a research note on Tuesday, December 3rd. BMO Capital Markets raised their price objective on shares of Dollar Tree from $65.00 to $70.00 and gave the company a "market perform" rating in a research report on Thursday, December 5th. Telsey Advisory Group restated a "market perform" rating and set a $75.00 price objective on shares of Dollar Tree in a research report on Thursday. Finally, StockNews.com upgraded shares of Dollar Tree from a "sell" rating to a "hold" rating in a research report on Thursday, December 5th. Sixteen analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $84.79.
Read Our Latest Analysis on Dollar Tree
Dollar Tree Stock Performance
Shares of NASDAQ DLTR traded down $0.11 during midday trading on Friday, hitting $68.99. 2,949,341 shares of the stock traded hands, compared to its average volume of 2,959,467. The firm has a 50-day moving average of $72.96 and a two-hundred day moving average of $71.93. The firm has a market capitalization of $14.83 billion, a P/E ratio of -14.46, a PEG ratio of 2.16 and a beta of 0.91. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. Dollar Tree has a one year low of $60.49 and a one year high of $150.74.
Dollar Tree (NASDAQ:DLTR - Get Free Report) last released its quarterly earnings results on Wednesday, December 4th. The company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.05. The firm had revenue of $7.57 billion for the quarter, compared to analysts' expectations of $7.45 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The company's revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.97 EPS. On average, equities analysts forecast that Dollar Tree will post 5.39 EPS for the current fiscal year.
Institutional Trading of Dollar Tree
Large investors have recently added to or reduced their stakes in the company. Assetmark Inc. increased its stake in Dollar Tree by 74.1% in the 4th quarter. Assetmark Inc. now owns 350 shares of the company's stock worth $26,000 after acquiring an additional 149 shares during the last quarter. Bessemer Group Inc. increased its stake in Dollar Tree by 34,600.0% during the fourth quarter. Bessemer Group Inc. now owns 347 shares of the company's stock worth $26,000 after acquiring an additional 346 shares during the last quarter. Versant Capital Management Inc bought a new stake in Dollar Tree during the fourth quarter worth approximately $30,000. Parkside Financial Bank & Trust increased its stake in Dollar Tree by 120.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 424 shares of the company's stock worth $32,000 after acquiring an additional 232 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its stake in Dollar Tree by 91.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company's stock worth $33,000 after acquiring an additional 210 shares during the last quarter. Institutional investors own 97.40% of the company's stock.
About Dollar Tree
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Get Free Report)
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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