Morgan Stanley Trims Dollar Tree (DLTR) Target Price to $90.00

Dollar Tree (NASDAQ:DLTR) had its price objective lowered by research analysts at Morgan Stanley from $95.00 to $90.00 in a research report issued to clients and investors on Sunday. Morgan Stanley’s target price would suggest a potential upside of 7.93% from the company’s current price.

Several other research firms have also recently weighed in on DLTR. Zacks Investment Research raised shares of Dollar Tree from a “hold” rating to a “buy” rating and set a $104.00 price target on the stock in a report on Tuesday, August 14th. OTR Global cut shares of Dollar Tree to a “positive” rating in a report on Wednesday, August 22nd. BidaskClub cut shares of Dollar Tree from a “buy” rating to a “hold” rating in a report on Thursday, August 23rd. Atlantic Securities raised shares of Dollar Tree from a “neutral” rating to an “overweight” rating and set a $110.00 price target on the stock in a report on Monday, August 13th. Finally, ValuEngine raised shares of Dollar Tree from a “sell” rating to a “hold” rating in a report on Friday, November 30th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $101.64.

Dollar Tree stock traded down $2.86 during trading hours on Friday, hitting $83.39. The company had a trading volume of 3,345,817 shares, compared to its average volume of 3,433,135. The stock has a market cap of $19.84 billion, a P/E ratio of 17.16, a P/E/G ratio of 1.11 and a beta of 0.65. The company has a quick ratio of 0.48, a current ratio of 2.22 and a debt-to-equity ratio of 0.63. Dollar Tree has a one year low of $78.78 and a one year high of $116.65.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results on Thursday, November 29th. The company reported $1.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.03. The firm had revenue of $5.54 billion for the quarter, compared to analysts’ expectations of $5.55 billion. Dollar Tree had a net margin of 7.64% and a return on equity of 17.11%. The business’s revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.01 EPS. Equities analysts anticipate that Dollar Tree will post 5.45 earnings per share for the current fiscal year.

In other Dollar Tree news, Director Lemuel E. Lewis bought 1,210 shares of the firm’s stock in a transaction on Thursday, September 27th. The shares were purchased at an average price of $82.75 per share, for a total transaction of $100,127.50. Following the transaction, the director now directly owns 20,114 shares in the company, valued at approximately $1,664,433.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.50% of the company’s stock.

Several large investors have recently made changes to their positions in the business. Nisa Investment Advisors LLC boosted its position in shares of Dollar Tree by 4.3% during the 3rd quarter. Nisa Investment Advisors LLC now owns 67,945 shares of the company’s stock worth $5,541,000 after acquiring an additional 2,800 shares in the last quarter. Intrepid Capital Management Inc. acquired a new stake in shares of Dollar Tree during the 2nd quarter worth approximately $327,000. Renaissance Technologies LLC acquired a new stake in shares of Dollar Tree during the 2nd quarter worth approximately $51,247,000. Arizona State Retirement System boosted its position in shares of Dollar Tree by 47.7% during the 2nd quarter. Arizona State Retirement System now owns 122,261 shares of the company’s stock worth $10,392,000 after acquiring an additional 39,486 shares in the last quarter. Finally, Rothschild Investment Corp IL boosted its position in shares of Dollar Tree by 7.0% during the 3rd quarter. Rothschild Investment Corp IL now owns 29,189 shares of the company’s stock worth $2,380,000 after acquiring an additional 1,910 shares in the last quarter. Hedge funds and other institutional investors own 92.14% of the company’s stock.

About Dollar Tree

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.

Further Reading: Depreciation

Analyst Recommendations for Dollar Tree (NASDAQ:DLTR)

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