Dollar Tree (NASDAQ:DLTR) Receives “Sell” Rating from The Goldman Sachs Group

Dollar Tree (NASDAQ:DLTR)‘s stock had its “sell” rating reiterated by equities research analysts at The Goldman Sachs Group in a research report issued on Thursday, MarketBeat Ratings reports. They presently have a $103.00 price target on the stock, down from their previous price target of $133.00. The Goldman Sachs Group’s price target indicates a potential downside of 0.44% from the company’s previous close.

A number of other brokerages have also recently issued reports on DLTR. Guggenheim lowered their target price on shares of Dollar Tree from $130.00 to $125.00 and set a “buy” rating on the stock in a report on Monday, September 8th. Wells Fargo & Company dropped their target price on shares of Dollar Tree from $130.00 to $115.00 and set an “overweight” rating on the stock in a report on Friday, October 10th. BNP Paribas downgraded shares of Dollar Tree from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 4th. New Street Research set a $103.00 price objective on shares of Dollar Tree in a research report on Thursday, October 16th. Finally, Bank of America upped their price target on Dollar Tree from $70.00 to $75.00 and gave the stock an “underperform” rating in a report on Thursday, September 4th. Eight equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, Dollar Tree has a consensus rating of “Hold” and a consensus price target of $108.63.

Dollar Tree Trading Down 2.6%

NASDAQ:DLTR traded down $2.72 on Thursday, reaching $103.46. The company’s stock had a trading volume of 371,807 shares, compared to its average volume of 4,264,918. The firm has a market cap of $21.10 billion, a PE ratio of -7.61, a PEG ratio of 1.75 and a beta of 0.86. The business’s 50-day moving average price is $97.17 and its two-hundred day moving average price is $99.75. Dollar Tree has a 1-year low of $61.70 and a 1-year high of $118.06. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.27 and a current ratio of 1.04.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Wednesday, September 3rd. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.39. Dollar Tree had a positive return on equity of 23.52% and a negative net margin of 13.46%.The firm had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.46 billion. During the same quarter last year, the business earned $0.67 EPS. The company’s quarterly revenue was up 12.3% compared to the same quarter last year. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. Equities research analysts anticipate that Dollar Tree will post 5.39 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Robert Aflatooni sold 1,260 shares of the firm’s stock in a transaction dated Friday, October 17th. The shares were sold at an average price of $94.70, for a total value of $119,322.00. Following the completion of the sale, the insider directly owned 21,402 shares in the company, valued at approximately $2,026,769.40. This trade represents a 5.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Stephanie Stahl sold 1,185 shares of the firm’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $100.32, for a total transaction of $118,879.20. Following the completion of the transaction, the director directly owned 4,089 shares in the company, valued at approximately $410,208.48. This represents a 22.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 6.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Dollar Tree

Hedge funds have recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its position in shares of Dollar Tree by 69.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,848,196 shares of the company’s stock worth $439,025,000 after purchasing an additional 2,400,586 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Dollar Tree by 176.9% during the 2nd quarter. Alliancebernstein L.P. now owns 3,746,222 shares of the company’s stock valued at $371,026,000 after purchasing an additional 2,393,172 shares during the last quarter. Alyeska Investment Group L.P. grew its position in Dollar Tree by 1,055.1% during the 1st quarter. Alyeska Investment Group L.P. now owns 2,322,189 shares of the company’s stock worth $174,327,000 after purchasing an additional 2,121,149 shares during the period. Norges Bank purchased a new position in shares of Dollar Tree in the second quarter valued at approximately $185,784,000. Finally, EdgePoint Investment Group Inc. increased its position in shares of Dollar Tree by 21.4% during the 1st quarter. EdgePoint Investment Group Inc. now owns 9,641,507 shares of the company’s stock worth $723,788,000 after purchasing an additional 1,701,344 shares during the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

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.