Dollar Tree (DLTR) Trading Down 1.4% Following Analyst Downgrade

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Dollar Tree, Inc. (NASDAQ:DLTR) was down 1.4% during trading on Friday after Royal Bank of Canada lowered their price target on the stock from $96.00 to $94.00. Royal Bank of Canada currently has an outperform rating on the stock. Dollar Tree traded as low as $78.78 and last traded at $80.66. Approximately 119,049 shares were traded during trading, a decline of 96% from the average daily volume of 3,252,377 shares. The stock had previously closed at $79.51.

Other equities research analysts have also issued reports about the company. BidaskClub upgraded Dollar Tree from a “hold” rating to a “buy” rating in a research note on Thursday, August 2nd. Zacks Investment Research upgraded Dollar Tree from a “hold” rating to a “buy” rating and set a $104.00 price target for the company in a research note on Tuesday, August 14th. Credit Suisse Group upgraded Dollar Tree to a “buy” rating and set a $96.00 price target for the company in a research note on Thursday, August 30th. Deutsche Bank dropped their price target on Dollar Tree from $112.00 to $94.00 and set a “buy” rating for the company in a research note on Friday, August 31st. Finally, UBS Group dropped their price target on Dollar Tree from $113.00 to $102.00 and set a “buy” rating for the company in a research note on Friday, August 31st. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and fourteen have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $100.83.

In related news, Director Lemuel E. Lewis bought 1,210 shares of the firm’s stock in a transaction dated Thursday, September 27th. The stock was bought at an average price of $82.75 per share, with a total value of $100,127.50. Following the completion of the transaction, the director now directly owns 20,114 shares of the company’s stock, valued at $1,664,433.50. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.50% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of DLTR. Signet Financial Management LLC purchased a new position in Dollar Tree in the second quarter valued at about $121,000. grace capital purchased a new position in Dollar Tree in the second quarter valued at about $153,000. Cerebellum GP LLC boosted its holdings in Dollar Tree by 58.9% in the second quarter. Cerebellum GP LLC now owns 2,120 shares of the company’s stock valued at $180,000 after purchasing an additional 786 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its holdings in Dollar Tree by 46.0% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 2,190 shares of the company’s stock valued at $186,000 after purchasing an additional 690 shares during the last quarter. Finally, Dupont Capital Management Corp boosted its holdings in Dollar Tree by 35.2% in the second quarter. Dupont Capital Management Corp now owns 2,206 shares of the company’s stock valued at $188,000 after purchasing an additional 574 shares during the last quarter. 92.17% of the stock is owned by hedge funds and other institutional investors.

The firm has a market cap of $19.40 billion, a P/E ratio of 16.70, a PEG ratio of 1.05 and a beta of 0.74. The company has a quick ratio of 0.52, a current ratio of 2.24 and a debt-to-equity ratio of 0.66.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Thursday, August 30th. The company reported $1.15 EPS for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.01). The business had revenue of $5.53 billion during the quarter, compared to analysts’ expectations of $5.54 billion. Dollar Tree had a net margin of 7.53% and a return on equity of 17.63%. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.99 EPS. As a group, analysts anticipate that Dollar Tree, Inc. will post 5.5 earnings per share for the current fiscal year.

Dollar Tree Company Profile (NASDAQ:DLTR)

Dollar Tree, Inc operates discount variety retail stores in the United States and Canada. It operates through two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care products, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; various merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods, which include Valentine's Day, Easter, Halloween, and Christmas merchandise.

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