Dollar Tree (DLTR) PT Lowered to $90.00 at Morgan Stanley

Dollar Tree (NASDAQ:DLTR) had its price target dropped by analysts at Morgan Stanley from $95.00 to $90.00 in a research report issued on Friday, MarketBeat reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s price objective points to a potential upside of 3.72% from the stock’s previous close.

Several other equities analysts also recently issued reports on the stock. ValuEngine upgraded shares of Dollar Tree from a “sell” rating to a “hold” rating in a research note on Friday. Credit Suisse Group set a $96.00 price objective on shares of Dollar Tree and gave the company a “buy” rating in a research note on Monday, November 26th. BidaskClub downgraded shares of Dollar Tree from a “buy” rating to a “hold” rating in a research note on Saturday, November 17th. KeyCorp upped their price objective on shares of Dollar Tree from $108.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, October 17th. Finally, Gordon Haskett cut shares of Dollar Tree from an “accumulate” rating to a “hold” rating in a report on Monday, October 15th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $101.90.

NASDAQ DLTR opened at $86.77 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.22 and a quick ratio of 0.52. Dollar Tree has a 1 year low of $78.78 and a 1 year high of $116.65. The firm has a market capitalization of $20.64 billion, a price-to-earnings ratio of 17.85, a P/E/G ratio of 1.12 and a beta of 0.62.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Thursday, November 29th. The company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.03. Dollar Tree had a net margin of 7.64% and a return on equity of 17.11%. The company had revenue of $5.54 billion during the quarter, compared to the consensus estimate of $5.55 billion. During the same quarter in the prior year, the firm posted $1.01 earnings per share. Dollar Tree’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, sell-side analysts anticipate that Dollar Tree will post 5.46 EPS for the current fiscal year.

In other Dollar Tree news, Director Lemuel E. Lewis bought 1,210 shares of Dollar Tree stock in a transaction dated 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 purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.50% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Price Capital Management Inc. purchased a new position in Dollar Tree during the third quarter worth about $106,000. SRS Capital Advisors Inc. raised its holdings in Dollar Tree by 252.9% during the third quarter. SRS Capital Advisors Inc. now owns 1,408 shares of the company’s stock worth $115,000 after purchasing an additional 1,009 shares in the last quarter. Signet Financial Management LLC purchased a new position in Dollar Tree during the second quarter worth about $121,000. Stelac Advisory Services LLC purchased a new position in Dollar Tree during the third quarter worth about $121,000. Finally, grace capital purchased a new position in Dollar Tree during the second quarter worth about $153,000. 92.83% of the stock is owned by hedge funds and other institutional investors.

Dollar Tree Company Profile

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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Analyst Recommendations for Dollar Tree (NASDAQ:DLTR)

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