Dollar Tree (NASDAQ:DLTR) Given New $155.00 Price Target at Wells Fargo & Company

Dollar Tree (NASDAQ:DLTR – Get Rating) had its price target decreased by analysts at Wells Fargo & Company from $170.00 to $155.00 in a research report issued on Friday, The Fly reports. Wells Fargo & Company‘s target price points to a potential upside of 13.42% from the stock’s previous close.

Other equities research analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Dollar Tree from $181.00 to $173.00 and set a “buy” rating on the stock in a report on Thursday, March 2nd. StockNews.com assumed coverage on shares of Dollar Tree in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. Barclays lowered their price target on shares of Dollar Tree from $145.00 to $138.00 in a research note on Friday. Piper Sandler lifted their price target on shares of Dollar Tree from $167.00 to $173.00 and gave the company an “overweight” rating in a research note on Tuesday, February 28th. Finally, Morgan Stanley lifted their price target on shares of Dollar Tree from $145.00 to $150.00 and gave the company an “equal weight” rating in a research note on Thursday, March 2nd. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Dollar Tree presently has a consensus rating of “Moderate Buy” and an average price target of $163.67.

Dollar Tree Trading Down 12.0 %

Shares of NASDAQ:DLTR opened at $136.66 on Friday. Dollar Tree has a 12 month low of $129.26 and a 12 month high of $175.68. The company has a quick ratio of 0.22, a current ratio of 1.51 and a debt-to-equity ratio of 0.39. The company’s fifty day simple moving average is $149.96 and its 200 day simple moving average is $148.59. The firm has a market cap of $30.23 billion, a price-to-earnings ratio of 18.95, a PEG ratio of 2.20 and a beta of 0.66.

Dollar Tree (NASDAQ:DLTR – Get Rating) last issued its quarterly earnings data on Thursday, May 25th. The company reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.07). Dollar Tree had a return on equity of 19.19% and a net margin of 5.70%. The company had revenue of $7.32 billion for the quarter, compared to analyst estimates of $7.27 billion. During the same quarter in the previous year, the business earned $2.37 earnings per share. The company’s revenue was up 6.1% on a year-over-year basis. As a group, research analysts forecast that Dollar Tree will post 6.59 EPS for the current fiscal year.

Insider Activity

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

Institutional Trading of Dollar Tree

Hedge funds and other institutional investors have recently bought and sold shares of the business. MQS Management LLC raised its stake in Dollar Tree by 31.0% in the 3rd quarter. MQS Management LLC now owns 1,805 shares of the company’s stock worth $246,000 after purchasing an additional 427 shares in the last quarter. Toronto Dominion Bank raised its stake in Dollar Tree by 0.5% in the 4th quarter. Toronto Dominion Bank now owns 1,174,684 shares of the company’s stock worth $166,047,000 after purchasing an additional 5,516 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in Dollar Tree by 10.9% in the 4th quarter. Thrivent Financial for Lutherans now owns 33,795 shares of the company’s stock worth $4,780,000 after purchasing an additional 3,334 shares in the last quarter. HBK Sorce Advisory LLC acquired a new stake in Dollar Tree in the 4th quarter worth about $237,000. Finally, TD Asset Management Inc. raised its stake in Dollar Tree by 40.6% in the 3rd quarter. TD Asset Management Inc. now owns 385,803 shares of the company’s stock worth $52,793,000 after purchasing an additional 111,360 shares in the last quarter. Institutional investors and hedge funds own 97.04% of the company’s stock.

About Dollar Tree

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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.