Dollar Tree (DLTR) Shares Down 1.4% After Analyst Downgrade
Dollar Tree, Inc. (NASDAQ:DLTR) shares traded down 1.4% during mid-day 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. 119,049 shares traded hands during mid-day trading, a decline of 96% from the average session volume of 3,252,377 shares. The stock had previously closed at $79.51.
Other research analysts have also issued research reports about the company. OTR Global lowered Dollar Tree to a “positive” rating in a report on Wednesday, August 22nd. Telsey Advisory Group lowered Dollar Tree from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $100.00 to $90.00 in a report on Friday, August 31st. JPMorgan Chase & Co. lowered Dollar Tree from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $113.00 to $90.00 in a report on Thursday, August 30th. BidaskClub lowered Dollar Tree from a “buy” rating to a “hold” rating in a report on Thursday, August 23rd. Finally, Zacks Investment Research raised Dollar Tree from a “hold” rating to a “buy” rating and set a $104.00 target price on the stock in a report on Tuesday, August 14th. 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. The company has an average rating of “Hold” and a consensus price target of $100.83.
In other Dollar Tree news, Director Lemuel E. Lewis purchased 1,210 shares of the firm’s stock in a transaction that occurred on Thursday, September 27th. The shares were purchased at an average cost of $82.75 per share, for a total transaction of $100,127.50. Following the completion of the purchase, the director now directly owns 20,114 shares in the company, valued at $1,664,433.50. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.50% of the stock is owned by insiders.
The company has a debt-to-equity ratio of 0.66, a current ratio of 2.24 and a quick ratio of 0.52. The stock has a market capitalization of $19.40 billion, a P/E ratio of 16.70, a price-to-earnings-growth ratio of 1.05 and a beta of 0.74.
Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Thursday, August 30th. The company reported $1.15 EPS for the quarter, missing the Zacks’ consensus estimate of $1.16 by ($0.01). Dollar Tree had a return on equity of 17.63% and a net margin of 7.53%. The firm had revenue of $5.53 billion for the quarter, compared to analysts’ expectations of $5.54 billion. During the same quarter in the previous year, the firm posted $0.99 earnings per share. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. On average, analysts expect 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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