Dollar Tree (NASDAQ:DLTR) Downgraded by Citigroup

Citigroup downgraded shares of Dollar Tree (NASDAQ:DLTR) from a buy rating to a neutral rating in a research note issued to investors on Thursday morning, MarketBeat Ratings reports. They currently have $120.00 target price on the stock, down from their previous target price of $163.00.

DLTR has been the subject of several other research reports. Gordon Haskett lowered shares of Dollar Tree from a buy rating to a hold rating and decreased their price target for the stock from $150.00 to $140.00 in a research note on Wednesday, April 3rd. TheStreet cut Dollar Tree from a b- rating to a c rating in a research report on Wednesday, March 13th. Loop Capital decreased their price objective on Dollar Tree from $195.00 to $170.00 and set a buy rating for the company in a report on Thursday, March 14th. Guggenheim upped their price objective on shares of Dollar Tree from $155.00 to $170.00 and gave the company a buy rating in a report on Tuesday, March 5th. Finally, KeyCorp upgraded shares of Dollar Tree from a sector weight rating to an overweight rating and set a $150.00 target price for the company in a research note on Wednesday, May 1st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus price target of $143.70.

Dollar Tree Stock Performance

Shares of DLTR opened at $111.29 on Thursday. The stock has a 50 day moving average of $121.08 and a 200 day moving average of $130.22. The company has a current ratio of 1.28, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. Dollar Tree has a 12 month low of $102.77 and a 12 month high of $154.96. The company has a market capitalization of $23.92 billion, a price-to-earnings ratio of -24.25, a PEG ratio of 1.11 and a beta of 0.90.

Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Wednesday, June 5th. The company reported $1.43 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.43. The firm had revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.63 billion. Dollar Tree had a positive return on equity of 15.67% and a negative net margin of 3.23%. The business’s revenue was up 4.2% compared to the same quarter last year. During the same period last year, the firm posted $1.47 EPS. As a group, sell-side analysts forecast that Dollar Tree will post 6.68 earnings per share for the current year.

Insider Activity at Dollar Tree

In other news, Director Daniel J. Heinrich acquired 1,000 shares of the firm’s stock in a transaction on Monday, March 18th. The shares were purchased at an average price of $127.85 per share, for a total transaction of $127,850.00. Following the completion of the transaction, the director now owns 6,225 shares of the company’s stock, valued at $795,866.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Dollar Tree news, Director Daniel J. Heinrich acquired 1,000 shares of the business’s stock in a transaction dated Monday, March 18th. The shares were purchased at an average cost of $127.85 per share, for a total transaction of $127,850.00. Following the transaction, the director now owns 6,225 shares in the company, valued at $795,866.25. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Jeffrey A. Davis bought 1,800 shares of the stock in a transaction dated Monday, April 1st. The stock was purchased at an average price of $136.00 per share, with a total value of $244,800.00. Following the purchase, the chief financial officer now owns 19,047 shares in the company, valued at $2,590,392. The disclosure for this purchase can be found here. 6.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Dollar Tree

Institutional investors and hedge funds have recently made changes to their positions in the business. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Dollar Tree in the 3rd quarter worth about $26,000. ICA Group Wealth Management LLC bought a new position in shares of Dollar Tree in the fourth quarter worth approximately $26,000. United Community Bank purchased a new stake in shares of Dollar Tree during the fourth quarter valued at approximately $27,000. Register Financial Advisors LLC purchased a new stake in shares of Dollar Tree during the first quarter valued at approximately $28,000. Finally, Operose Advisors LLC bought a new stake in shares of Dollar Tree during the third quarter valued at approximately $34,000. 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.