Dollar Tree (DLTR) Sets New 52-Week Low Following Analyst Downgrade

Dollar Tree, Inc. (NASDAQ:DLTR) reached a new 52-week low during trading on Thursday 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 $79.60, with a volume of 592067 shares. The stock had previously closed at $84.23.

DLTR has been the topic of several other research reports. Telsey Advisory Group lowered shares of Dollar Tree from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $100.00 to $90.00 in a research note on Friday, August 31st. Credit Suisse Group raised shares of Dollar Tree to a “buy” rating and set a $96.00 price objective on the stock in a research note on Thursday, August 30th. BidaskClub lowered shares of Dollar Tree from a “buy” rating to a “hold” rating in a research note on Friday, July 6th. OTR Global lowered shares of Dollar Tree to a “positive” rating in a research note on Wednesday, August 22nd. Finally, JPMorgan Chase & Co. lowered shares of Dollar Tree from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $113.00 to $90.00 in a research note on Thursday, August 30th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. Dollar Tree has an average rating of “Hold” and a consensus price target of $100.83.

In other news, Director Lemuel E. Lewis bought 1,210 shares of the firm’s stock in a transaction on Thursday, September 27th. The stock was acquired at an average cost of $82.75 per share, with a total value of $100,127.50. Following the completion of the acquisition, the director now owns 20,114 shares of the company’s stock, valued at $1,664,433.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.50% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in DLTR. Signet Financial Management LLC purchased a new position in shares of Dollar Tree during the second quarter valued at approximately $121,000. grace capital purchased a new position in shares of Dollar Tree during the second quarter valued at approximately $153,000. Cerebellum GP LLC raised its holdings in shares of Dollar Tree by 58.9% during 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. raised its holdings in shares of Dollar Tree by 46.0% during 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 raised its holdings in shares of Dollar Tree by 35.2% during 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 company has a debt-to-equity ratio of 0.66, a quick ratio of 0.52 and a current ratio of 2.24. The firm has a market cap of $19.40 billion, a price-to-earnings ratio of 16.58, a P/E/G ratio of 1.05 and a beta of 0.74.

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