StockNews.com Lowers Dollar Tree (NASDAQ:DLTR) to Sell

Dollar Tree (NASDAQ:DLTR) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a report issued on Tuesday.

Other research analysts have also recently issued reports about the stock. Jefferies Financial Group dropped their target price on shares of Dollar Tree from $130.00 to $128.00 in a research note on Thursday, March 14th. Loop Capital decreased their price target on shares of Dollar Tree from $195.00 to $170.00 and set a “buy” rating on the stock in a report on Thursday, March 14th. Wells Fargo & Company raised their price target on shares of Dollar Tree from $160.00 to $180.00 and gave the stock an “overweight” rating in a report on Monday, March 4th. Evercore ISI dropped their target price on shares of Dollar Tree from $157.00 to $144.00 and set an “in-line” rating for the company in a research report on Thursday, March 14th. Finally, TheStreet cut shares of Dollar Tree from a “b-” rating to a “c” rating in a report on Wednesday, March 13th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, Dollar Tree currently has a consensus rating of “Moderate Buy” and an average price target of $150.75.

Dollar Tree Stock Performance

DLTR stock traded up $0.94 during mid-day trading on Tuesday, hitting $128.19. 4,543,762 shares of the company were exchanged, compared to its average volume of 2,756,171. Dollar Tree has a 1-year low of $102.77 and a 1-year high of $161.10. The business has a 50 day simple moving average of $138.98 and a 200-day simple moving average of $125.75. The stock has a market capitalization of $27.93 billion, a PE ratio of -27.75, a price-to-earnings-growth ratio of 1.80 and a beta of 0.92. The company has a current ratio of 1.31, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Wednesday, March 13th. The company reported $2.55 EPS for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.12). Dollar Tree had a positive return on equity of 15.11% and a negative net margin of 3.26%. The business had revenue of $8.63 billion for the quarter, compared to analyst estimates of $8.66 billion. During the same quarter last year, the firm posted $2.04 EPS. Dollar Tree’s revenue for the quarter was up 11.9% on a year-over-year basis. On average, equities analysts forecast that Dollar Tree will post 7.05 earnings per share for the current year.

Insider Transactions at Dollar Tree

In other Dollar Tree news, Director Daniel J. Heinrich acquired 1,000 shares of the business’s stock in a transaction on Monday, March 18th. The shares were bought at an average price of $127.85 per share, with a total value of $127,850.00. Following the transaction, the director now directly owns 6,225 shares of the company’s stock, valued at approximately $795,866.25. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Ridge Lp Mantle purchased 738,862 shares of Dollar Tree stock in a transaction that occurred on Wednesday, December 20th. The stock was bought at an average cost of $134.37 per share, for a total transaction of $99,280,886.94. Following the completion of the transaction, the director now owns 12,104,493 shares in the company, valued at $1,626,480,724.41. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daniel J. Heinrich acquired 1,000 shares of the company’s stock in a transaction on Monday, March 18th. The stock was acquired at an average cost of $127.85 per share, for a total transaction of $127,850.00. Following the completion of the acquisition, the director now owns 6,225 shares of the company’s stock, valued at approximately $795,866.25. The disclosure for this purchase can be found here. Insiders own 6.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Main Street Group LTD acquired a new position in shares of Dollar Tree during the 4th quarter worth about $26,000. ICA Group Wealth Management LLC purchased a new position in shares of Dollar Tree during the 4th quarter worth approximately $27,000. United Community Bank acquired a new stake in shares of Dollar Tree in the 4th quarter worth approximately $27,000. Farther Finance Advisors LLC grew its holdings in shares of Dollar Tree by 111.1% in the 2nd quarter. Farther Finance Advisors LLC now owns 228 shares of the company’s stock worth $33,000 after acquiring an additional 120 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Dollar Tree in the 3rd quarter worth approximately $26,000. 97.40% of the stock is owned by institutional investors and hedge funds.

Dollar Tree Company Profile

Dollar Tree, Inc operates discount variety retail 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.