Barclays Cuts Dollar Tree (NASDAQ:DLTR) Price Target to $138.00

Dollar Tree (NASDAQ:DLTR – Get Rating) had its target price decreased by investment analysts at Barclays from $145.00 to $138.00 in a research note issued on Friday, The Fly reports. Barclays‘s price objective suggests a potential upside of 0.98% from the stock’s current price.

Other equities analysts have also recently issued research reports about the company. Truist Financial dropped their price target on Dollar Tree from $164.00 to $162.00 in a research report on Tuesday, May 9th. Morgan Stanley boosted their price target on Dollar Tree from $145.00 to $150.00 and gave the company an “equal weight” rating in a research report on Thursday, March 2nd. Deutsche Bank Aktiengesellschaft dropped their price target on Dollar Tree from $181.00 to $173.00 and set a “buy” rating on the stock in a research report on Thursday, March 2nd. Credit Suisse Group restated a “neutral” rating and issued a $150.00 price target on shares of Dollar Tree in a research report on Thursday, March 2nd. Finally, StockNews.com began coverage on Dollar Tree in a research report on Thursday, May 18th. They set a “hold” rating on the stock. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Dollar Tree currently has a consensus rating of “Moderate Buy” and an average target price of $163.67.

Dollar Tree Stock Down 12.0 %

Dollar Tree stock opened at $136.66 on Friday. Dollar Tree has a fifty-two week low of $129.26 and a fifty-two week high of $175.68. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.22 and a current ratio of 1.51. The company has a market capitalization of $30.23 billion, a P/E ratio of 18.95, a PEG ratio of 2.20 and a beta of 0.66. The stock has a 50-day simple moving average of $149.96 and a 200-day simple moving average of $148.59.

Dollar Tree (NASDAQ:DLTR – Get Rating) last posted its earnings results on Thursday, May 25th. The company reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.54 by ($0.07). The firm had revenue of $7.32 billion during the quarter, compared to analysts’ expectations of $7.27 billion. Dollar Tree had a net margin of 5.70% and a return on equity of 19.19%. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.37 earnings per share. Equities research analysts expect that Dollar Tree will post 6.59 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Richard W. Dreiling purchased 7,100 shares of the stock in a transaction that occurred on Thursday, March 9th. The shares were acquired at an average price of $142.00 per share, for a total transaction of $1,008,200.00. Following the acquisition, the chief executive officer now directly owns 7,118 shares in the company, valued at approximately $1,010,756. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CFO Jeffrey A. Davis bought 1,790 shares of Dollar Tree stock in a transaction that occurred on Monday, March 27th. The shares were purchased at an average price of $139.06 per share, with a total value of $248,917.40. Following the purchase, the chief financial officer now owns 15,006 shares in the company, valued at $2,086,734.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Richard W. Dreiling bought 7,100 shares of Dollar Tree stock in a transaction that occurred on Thursday, March 9th. The stock was bought at an average cost of $142.00 per share, for a total transaction of $1,008,200.00. Following the purchase, the chief executive officer now owns 7,118 shares in the company, valued at approximately $1,010,756. The disclosure for this purchase can be found here. Insiders own 6.00% of the company’s stock.

Institutional Investors Weigh In On Dollar Tree

Several hedge funds have recently made changes to their positions in DLTR. MQS Management LLC boosted its holdings in Dollar Tree by 31.0% in the third quarter. MQS Management LLC now owns 1,805 shares of the company’s stock valued at $246,000 after acquiring an additional 427 shares during the last quarter. Toronto Dominion Bank boosted its holdings in Dollar Tree by 0.5% in the fourth quarter. Toronto Dominion Bank now owns 1,174,684 shares of the company’s stock valued at $166,047,000 after acquiring an additional 5,516 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in Dollar Tree by 10.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 33,795 shares of the company’s stock valued at $4,780,000 after acquiring an additional 3,334 shares during the last quarter. HBK Sorce Advisory LLC acquired a new position in Dollar Tree in the fourth quarter valued at $237,000. Finally, TD Asset Management Inc. boosted its holdings in Dollar Tree by 40.6% in the third quarter. TD Asset Management Inc. now owns 385,803 shares of the company’s stock valued at $52,793,000 after acquiring an additional 111,360 shares during the last quarter. Institutional investors and hedge funds own 97.04% of the company’s stock.

Dollar Tree Company Profile

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Dollar Tree, Inc owns and operates discount variety stores offering merchandise at fixed prices. It operates through the Dollar Tree and Family Dollar segments. The Dollar Tree segment includes operations under Dollar Tree and Dollar Tree Canada brands, with its distribution centers in the United States and Canada.