Vetr downgraded shares of Dollar Tree Inc. (NASDAQ:DLTR) from a buy rating to a sell rating in a research report report published on Monday. The brokerage currently has $74.00 price objective on the stock.

DLTR has been the topic of a number of other research reports. Barclays PLC started coverage on shares of Dollar Tree in a research report on Thursday, September 22nd. They issued an equal weight rating and a $88.00 price objective on the stock. MKM Partners reaffirmed a buy rating and issued a $104.00 price objective (up previously from $80.00) on shares of Dollar Tree in a research report on Tuesday, August 23rd. Citigroup Inc. reaffirmed a neutral rating and issued a $89.00 price objective (down previously from $100.00) on shares of Dollar Tree in a research report on Wednesday, August 31st. Atlantic Securities downgraded shares of Dollar Tree from a neutral rating to an underweight rating and cut their price objective for the stock from $87.00 to $68.00 in a research report on Tuesday, September 27th. Finally, Morgan Stanley set a $90.00 price objective on shares of Dollar Tree and gave the stock a hold rating in a research report on Wednesday, August 31st. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $91.82.

Analyst Recommendations for Dollar Tree (NASDAQ:DLTR)

Shares of Dollar Tree (NASDAQ:DLTR) opened at 79.53 on Monday. The firm’s 50-day moving average is $84.76 and its 200-day moving average is $86.79. Dollar Tree has a one year low of $60.31 and a one year high of $99.93. The stock has a market capitalization of $18.75 billion, a PE ratio of 26.39 and a beta of 0.54.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Thursday, August 25th. The company reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by $0.01. Dollar Tree had a return on equity of 16.29% and a net margin of 3.50%. The firm earned $5.02 billion during the quarter, compared to analysts’ expectations of $5.08 billion. During the same period in the previous year, the firm earned $0.67 EPS. The firm’s quarterly revenue was up 66.0% on a year-over-year basis. On average, analysts expect that Dollar Tree will post $3.81 earnings per share for the current fiscal year.

In other news, Director Lemuel E. Lewis purchased 1,560 shares of the stock in a transaction dated Tuesday, September 13th. The shares were purchased at an average price of $80.00 per share, with a total value of $124,800.00. Following the transaction, the director now owns 11,029 shares in the company, valued at approximately $882,320. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Thomas A. Saunders sold 5,000 shares of the business’s stock in a transaction dated Monday, July 11th. The shares were sold at an average price of $95.50, for a total transaction of $477,500.00. Following the transaction, the director now directly owns 2,310,387 shares in the company, valued at approximately $220,641,958.50. The disclosure for this sale can be found here. Insiders own 4.10% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in DLTR. Lone Pine Capital LLC boosted its position in shares of Dollar Tree by 15.1% in the second quarter. Lone Pine Capital LLC now owns 13,362,151 shares of the company’s stock valued at $1,259,249,000 after buying an additional 1,755,667 shares during the last quarter. WestEnd Advisors LLC purchased a new position in shares of Dollar Tree during the second quarter valued at $94,632,000. Atlanta Capital Management Co. L L C purchased a new position in shares of Dollar Tree during the second quarter valued at $78,885,000. Standard Life Investments LTD boosted its position in shares of Dollar Tree by 38.5% in the second quarter. Standard Life Investments LTD now owns 2,797,544 shares of the company’s stock valued at $263,654,000 after buying an additional 777,451 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of Dollar Tree by 23,255.8% in the second quarter. Victory Capital Management Inc. now owns 719,592 shares of the company’s stock valued at $67,815,000 after buying an additional 716,511 shares during the last quarter. 94.37% of the stock is currently owned by hedge funds and other institutional investors.

About Dollar Tree

Dollar Tree, Inc is an operator of discount variety stores. The Company operates approximately 13,851 discount variety retail stores. The Company’s segments include Dollar Tree and Family Dollar. The Dollar Tree segment operates discount variety stores offering merchandise at a fixed price. The Family Dollar segment operates a chain of general merchandise retail discount stores providing consumers with a selection of merchandise in neighborhood stores.

5 Day Chart for NASDAQ:DLTR

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