Dollar Tree, Inc. (NASDAQ:DLTR - Get Free Report) reached a new 52-week low during trading on Thursday . The company traded as low as $85.50 and last traded at $88.77, with a volume of 296410 shares traded. The stock had previously closed at $94.46.
Analysts Set New Price Targets
A number of analysts recently commented on the stock. Truist Financial dropped their target price on shares of Dollar Tree from $147.00 to $140.00 and set a "buy" rating on the stock in a report on Thursday, June 6th. Morgan Stanley cut their price target on shares of Dollar Tree from $135.00 to $130.00 and set an "equal weight" rating on the stock in a report on Thursday, June 6th. UBS Group cut their price target on shares of Dollar Tree from $170.00 to $155.00 and set a "buy" rating on the stock in a report on Friday, June 28th. Wells Fargo & Company cut their price target on shares of Dollar Tree from $160.00 to $130.00 and set an "overweight" rating on the stock in a report on Tuesday. Finally, Evercore ISI upped their price objective on shares of Dollar Tree from $136.00 to $137.00 and gave the company an "in-line" rating in a research note on Thursday, June 20th. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, Dollar Tree has a consensus rating of "Moderate Buy" and a consensus price target of $139.50.
Read Our Latest Analysis on DLTR
Dollar Tree Trading Down 10.2 %
The company has a current ratio of 1.28, a quick ratio of 0.23 and a debt-to-equity ratio of 0.47. The company's fifty day moving average is $102.02 and its 200-day moving average is $118.18. The firm has a market capitalization of $18.23 billion, a P/E ratio of -18.47, a P/E/G ratio of 1.07 and a beta of 0.88.
Dollar Tree (NASDAQ:DLTR - Get Free Report) last posted its quarterly earnings data on Wednesday, June 5th. The company reported $1.43 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.43. The business had revenue of $7.63 billion during the quarter, compared to the consensus estimate of $7.63 billion. Dollar Tree had a negative net margin of 3.23% and a positive return on equity of 15.67%. Dollar Tree's quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.47 EPS. As a group, sell-side analysts anticipate that Dollar Tree, Inc. will post 6.63 earnings per share for the current fiscal year.
Insider Activity at Dollar Tree
In other news, insider Robert Aflatooni sold 827 shares of the stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $105.58, for a total value of $87,314.66. Following the completion of the transaction, the insider now owns 9,725 shares in the company, valued at approximately $1,026,765.50. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 6.80% of the company's stock.
Institutional Investors Weigh In On Dollar Tree
A number of hedge funds have recently made changes to their positions in the company. NBC Securities Inc. raised its holdings in Dollar Tree by 7.1% during the 4th quarter. NBC Securities Inc. now owns 1,150 shares of the company's stock worth $163,000 after buying an additional 76 shares during the period. Mount Yale Investment Advisors LLC raised its holdings in Dollar Tree by 4.9% during the 1st quarter. Mount Yale Investment Advisors LLC now owns 1,985 shares of the company's stock worth $264,000 after buying an additional 93 shares during the period. GAMMA Investing LLC raised its holdings in shares of Dollar Tree by 4.0% in the first quarter. GAMMA Investing LLC now owns 2,515 shares of the company's stock valued at $335,000 after purchasing an additional 96 shares during the last quarter. Salomon & Ludwin LLC raised its holdings in shares of Dollar Tree by 27.0% in the first quarter. Salomon & Ludwin LLC now owns 494 shares of the company's stock valued at $66,000 after purchasing an additional 105 shares during the last quarter. Finally, Fiduciary Trust Co raised its holdings in shares of Dollar Tree by 1.0% in the fourth quarter. Fiduciary Trust Co now owns 10,997 shares of the company's stock valued at $1,562,000 after purchasing an additional 109 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company's stock.
About Dollar Tree
(Get Free Report)
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.
Further Reading
- Five stocks we like better than Dollar Tree
- What is a Special Dividend?
- Low PE Growth Stocks: Unlocking Investment Opportunities
- Best Buy Stock Flashes Bullish Signal, Challenges Remain
- Affirm Shows Buy-Now-Pay-Later Is Here to Stay in Latest Results
→ 625,000% Gain (From Crypto Swap Profits) (Ad)
Should you invest $1,000 in Dollar Tree right now?
Before you consider Dollar Tree, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Dollar Tree wasn't on the list.
While Dollar Tree currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
7 Stocks to Own Before the 2024 Election
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
