Dollar Tree (NASDAQ:DLTR – Get Rating) had its target price lowered by Truist Financial from $162.00 to $156.00 in a research note issued to investors on Friday morning, The Fly reports.
Several other brokerages also recently commented on DLTR. Morgan Stanley reduced their target price on Dollar Tree from $145.00 to $140.00 in a research note on Friday. BMO Capital Markets reduced their price target on Dollar Tree from $187.00 to $170.00 in a research note on Friday. Wells Fargo & Company reduced their price target on Dollar Tree from $170.00 to $155.00 in a research note on Friday. Evercore ISI reduced their price target on Dollar Tree from $165.00 to $155.00 in a research note on Friday. Finally, Citigroup reduced their price target on Dollar Tree from $180.00 to $167.00 in a research note on Friday. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Dollar Tree presently has a consensus rating of Moderate Buy and an average price target of $160.47.
Dollar Tree Trading Up 4.2 %
NASDAQ:DLTR opened at $142.45 on Friday. Dollar Tree has a 1-year low of $129.26 and a 1-year high of $175.68. The business’s 50-day moving average price is $150.06 and its two-hundred day moving average price is $148.47. The company has a current ratio of 1.51, a quick ratio of 0.22 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $31.51 billion, a price-to-earnings ratio of 19.76, a PEG ratio of 2.20 and a beta of 0.66.
Insider Buying and Selling at Dollar Tree
In other Dollar Tree news, CEO Richard W. Dreiling bought 7,100 shares of the business’s stock in a transaction that occurred on Thursday, March 9th. The shares were bought at an average price of $142.00 per share, for a total transaction of $1,008,200.00. Following the transaction, the chief executive officer now directly owns 7,118 shares in the company, valued at $1,010,756. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Jeffrey A. Davis acquired 1,790 shares of the stock in a transaction dated Monday, March 27th. The stock was purchased at an average cost of $139.06 per share, with a total value of $248,917.40. Following the completion of the purchase, the chief financial officer now directly owns 15,006 shares in the company, valued at approximately $2,086,734.36. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Richard W. Dreiling purchased 7,100 shares of the firm’s stock in a transaction that occurred on Thursday, March 9th. The shares were acquired at an average cost of $142.00 per share, with a total value of $1,008,200.00. Following the completion of the transaction, the chief executive officer now directly owns 7,118 shares of the company’s stock, valued at approximately $1,010,756. The disclosure for this purchase can be found here. Corporate insiders own 6.00% of the company’s stock.
Institutional Trading of Dollar Tree
A number of institutional investors and hedge funds have recently modified their holdings of the business. SVB Wealth LLC increased its position in shares of Dollar Tree by 2.4% during the second quarter. SVB Wealth LLC now owns 2,657 shares of the company’s stock valued at $414,000 after acquiring an additional 62 shares during the last quarter. Epoch Investment Partners Inc. grew its holdings in Dollar Tree by 3.1% during the first quarter. Epoch Investment Partners Inc. now owns 2,143 shares of the company’s stock valued at $308,000 after purchasing an additional 64 shares during the period. Lindbrook Capital LLC grew its holdings in Dollar Tree by 29.8% during the first quarter. Lindbrook Capital LLC now owns 296 shares of the company’s stock valued at $42,000 after purchasing an additional 68 shares during the period. Westshore Wealth LLC boosted its holdings in shares of Dollar Tree by 3.2% in the first quarter. Westshore Wealth LLC now owns 2,210 shares of the company’s stock worth $317,000 after acquiring an additional 68 shares during the period. Finally, Clarius Group LLC boosted its holdings in shares of Dollar Tree by 4.5% in the first quarter. Clarius Group LLC now owns 1,623 shares of the company’s stock worth $233,000 after acquiring an additional 70 shares during the period. 97.04% of the stock is owned by hedge funds and other institutional investors.
Dollar Tree Company Profile
Dollar Tree, Inc owns and operates discount variety stores offering merchandise at fixed prices. It operates through the Dollar Tree and Family Dollar segments. The Dollar Tree segment includes operations under Dollar Tree and Dollar Tree Canada brands, with its distribution centers in the United States and Canada.
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