Dollar Tree's Price Target Reduced by Jefferies Financial Group Amidst Mixed Analyst Ratings

Jefferies Financial Group has adjusted the price target for Dollar Tree (NASDAQ:DLTR), reducing it slightly from $130.00 to $128.00. This decision was revealed in a research note aimed at investors and reported on Thursday morning. Dollar Tree, a leading name in the discount variety retail sector, has been scrutinized by a multitude of analysts including those from JPMorgan Chase & Co., who have trimmed their price target from $165.00 to $144.00. Piper Sandler followed suit, lowering their target from $171.00 to $168.00.

Analyst Ratings and Company Performance

Prior to these reductions, Gordon Haskett upgraded their view of Dollar Tree from an 'accumulate' to a 'buy' rating and set a new target price of $160.00. Both Oppenheimer and Morgan Stanley have recently published their takes, with Oppenheimer maintaining a 'market perform' rating, and Morgan Stanley downgrading their target from $140.00 to $135.00. Currently, the consensus among analysts is a 'Moderate Buy' with an average target price hovering around $150.95. Despite the varied outlooks and price target adjustments, Dollar Tree continues to attract investor attention with a blend of 'sell,' 'hold,' and 'buy' ratings from various research firms.

Financial Highlights and Insider Transactions

Dollar Tree's financial stature is underscored by a collection of noteworthy metrics. The company posted a lower-than-expected quarterly earnings per share (EPS) of $2.55, which fell short of the consensus estimate by $0.12. Nonetheless, their quarterly revenue showed a substantial 11.9% year-over-year increase, totaling $8.63 billion. Regarding insider activity, Director Ridge Lp Mantle made a significant purchase of 738,862 shares at an average price of $134.37, highlighting insider confidence in the company's trajectory.

Institutional Involvement in Dollar Tree

Substantial institutional investments have been made in Dollar Tree, signaling strong engagement from heavyweight financial stakeholders. Among these, Capital World Investors raised its holdings by 2.8%, resulting in ownership of over 17 million shares valued around $2.5 billion. Similarly, BlackRock Inc., Mantle Ridge LP, and Capital International Investors amplified their stakes, exemplifying the robust institutional interest in the discount retailer's stock.

About Dollar Tree

Dollar Tree, Inc. operates a chain of discount variety stores under the segments Dollar Tree and Family Dollar. Each segment provides different value offerings to customers, encompassing consumables, variety merchandise, and seasonal items, all contributing to the company's notable presence in the retail sector.

DollarTree, Jefferies, Stocks