Dollar Tree (NASDAQ:DLTR) Cut to "Strong Sell" at The Goldman Sachs Group

Dollar Tree (NASDAQ:DLTR - Get Free Report) was downgraded by The Goldman Sachs Group from a "strong-buy" rating to a "strong sell" rating in a research report issued on Thursday,Zacks.com reports.

Several other analysts also recently weighed in on the company. Morgan Stanley increased their target price on Dollar Tree from $80.00 to $96.00 and gave the company an "equal weight" rating in a research note on Thursday. UBS Group increased their target price on Dollar Tree from $95.00 to $108.00 and gave the stock a "buy" rating in a report on Thursday, May 29th. Cfra Research raised Dollar Tree to a "hold" rating in a report on Wednesday, May 28th. Telsey Advisory Group reissued a "market perform" rating and issued a $95.00 target price on shares of Dollar Tree in a report on Wednesday. Finally, Piper Sandler increased their target price on Dollar Tree from $72.00 to $93.00 and gave the stock a "neutral" rating in a report on Thursday. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, Dollar Tree currently has an average rating of "Hold" and a consensus target price of $90.26.

Dollar Tree Stock Performance

Shares of NASDAQ DLTR opened at $96.67 on Thursday. The company has a market capitalization of $20.79 billion, a P/E ratio of -20.27, a price-to-earnings-growth ratio of 2.16 and a beta of 0.84. The business's 50-day moving average price is $82.10 and its two-hundred day moving average price is $75.13. Dollar Tree has a one year low of $60.49 and a one year high of $115.87. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last released its quarterly earnings results on Wednesday, June 4th. The company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.05. The company had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.52 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The firm's revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.43 EPS. Analysts anticipate that Dollar Tree will post 5.39 earnings per share for the current fiscal year.

Insider Buying and Selling at Dollar Tree

In other Dollar Tree news, CAO Aditya Maheshwari sold 1,238 shares of the business's stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $74.70, for a total transaction of $92,478.60. Following the completion of the transaction, the chief accounting officer now directly owns 4,231 shares in the company, valued at $316,055.70. The trade was a 22.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director William W. Douglas III purchased 701 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were bought at an average price of $75.00 per share, with a total value of $52,575.00. Following the completion of the acquisition, the director now directly owns 1,377 shares of the company's stock, valued at approximately $103,275. This represents a 103.70% increase in their position. The disclosure for this purchase can be found here. Company insiders own 6.60% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Empower Advisory Group LLC increased its holdings in shares of Dollar Tree by 15.3% during the fourth quarter. Empower Advisory Group LLC now owns 760,423 shares of the company's stock worth $56,986,000 after buying an additional 100,676 shares in the last quarter. Pzena Investment Management LLC bought a new stake in shares of Dollar Tree in the fourth quarter worth $520,000. Intrepid Capital Management Inc. grew its stake in shares of Dollar Tree by 103.6% in the fourth quarter. Intrepid Capital Management Inc. now owns 27,026 shares of the company's stock worth $2,025,000 after purchasing an additional 13,751 shares during the last quarter. Alberta Investment Management Corp grew its stake in shares of Dollar Tree by 253.2% in the fourth quarter. Alberta Investment Management Corp now owns 93,600 shares of the company's stock worth $7,014,000 after purchasing an additional 67,100 shares during the last quarter. Finally, Entropy Technologies LP bought a new stake in shares of Dollar Tree in the fourth quarter worth $2,173,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

About Dollar Tree

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.

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