Dollar Tree (NASDAQ:DLTR) Earns “Sell” Rating from The Goldman Sachs Group

Dollar Tree (NASDAQ:DLTR)‘s stock had its “sell” rating restated by investment analysts at The Goldman Sachs Group in a note issued to investors on Thursday, MarketBeat Ratings reports. They currently have a $103.00 target price on the stock, down from their previous target price of $133.00. The Goldman Sachs Group’s target price indicates a potential downside of 0.44% from the stock’s current price.

A number of other brokerages have also weighed in on DLTR. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Dollar Tree in a research note on Thursday, October 16th. Wells Fargo & Company dropped their price target on shares of Dollar Tree from $130.00 to $115.00 and set an “overweight” rating for the company in a research note on Friday, October 10th. Truist Financial increased their price target on Dollar Tree from $127.00 to $129.00 and gave the company a “buy” rating in a research report on Wednesday, September 3rd. Guggenheim lowered their price objective on Dollar Tree from $130.00 to $125.00 and set a “buy” rating on the stock in a research report on Monday, September 8th. Finally, Piper Sandler cut their target price on shares of Dollar Tree from $112.00 to $108.00 and set a “neutral” rating on the stock in a report on Thursday, September 4th. Eight investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and five have given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $108.63.

Dollar Tree Stock Performance

DLTR traded down $2.72 during trading on Thursday, reaching $103.46. 371,807 shares of the company were exchanged, compared to its average volume of 4,264,918. The stock has a market cap of $21.10 billion, a P/E ratio of -7.61, a PEG ratio of 1.75 and a beta of 0.86. Dollar Tree has a 52 week low of $61.70 and a 52 week high of $118.06. The firm has a 50 day moving average of $97.17 and a 200 day moving average of $99.75. The company has a current ratio of 1.04, a quick ratio of 0.27 and a debt-to-equity ratio of 0.67.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results on Wednesday, September 3rd. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.39. The business had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.46 billion. Dollar Tree had a positive return on equity of 23.52% and a negative net margin of 13.46%.Dollar Tree’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter last year, the company posted $0.67 EPS. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. On average, sell-side analysts forecast that Dollar Tree will post 5.39 EPS for the current fiscal year.

Insider Buying and Selling

In other Dollar Tree news, Director Stephanie Stahl sold 1,185 shares of Dollar Tree stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $100.32, for a total transaction of $118,879.20. Following the completion of the sale, the director owned 4,089 shares of the company’s stock, valued at approximately $410,208.48. The trade was a 22.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Robert Aflatooni sold 1,260 shares of Dollar Tree stock in a transaction dated Friday, October 17th. The stock was sold at an average price of $94.70, for a total value of $119,322.00. Following the completion of the sale, the insider owned 21,402 shares in the company, valued at approximately $2,026,769.40. The trade was a 5.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 6.60% of the company’s stock.

Institutional Trading of Dollar Tree

A number of hedge funds and other institutional investors have recently modified their holdings of DLTR. TD Private Client Wealth LLC grew its position in shares of Dollar Tree by 164.0% during the second quarter. TD Private Client Wealth LLC now owns 264 shares of the company’s stock worth $26,000 after buying an additional 164 shares in the last quarter. Brooklyn Investment Group grew its position in Dollar Tree by 79.0% in the first quarter. Brooklyn Investment Group now owns 358 shares of the company’s stock valued at $27,000 after acquiring an additional 158 shares in the last quarter. Root Financial Partners LLC acquired a new stake in shares of Dollar Tree in the 3rd quarter valued at about $29,000. Zions Bancorporation National Association UT bought a new stake in shares of Dollar Tree in the 1st quarter worth approximately $30,000. Finally, True Wealth Design LLC raised its holdings in Dollar Tree by 372.5% during the second quarter. True Wealth Design LLC now owns 378 shares of the company’s stock worth $37,000 after purchasing an additional 298 shares in the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

Dollar Tree Company Profile

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.