Dollar Tree, Inc. (NASDAQ:DLTR – Get Free Report)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $92.37, but opened at $97.36. Dollar Tree shares last traded at $96.87, with a volume of 540,883 shares traded.
Analyst Upgrades and Downgrades
DLTR has been the subject of several research reports. Piper Sandler cut shares of Dollar Tree from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $143.00 to $112.00 in a research note on Tuesday, July 16th. Evercore ISI increased their price target on Dollar Tree from $136.00 to $137.00 and gave the company an “in-line” rating in a report on Thursday, June 20th. JPMorgan Chase & Co. upped their target price on Dollar Tree from $135.00 to $148.00 and gave the company an “overweight” rating in a report on Thursday, July 18th. Wells Fargo & Company reduced their price target on Dollar Tree from $180.00 to $160.00 and set an “overweight” rating on the stock in a report on Thursday, June 6th. Finally, BMO Capital Markets cut their price objective on shares of Dollar Tree from $150.00 to $145.00 and set an “outperform” rating for the company in a research report on Thursday, June 6th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Dollar Tree presently has an average rating of “Moderate Buy” and an average price target of $141.55.
View Our Latest Stock Analysis on Dollar Tree
Dollar Tree Stock Performance
The stock’s fifty day simple moving average is $103.69 and its 200-day simple moving average is $120.49. The company has a market capitalization of $21.23 billion, a price-to-earnings ratio of -21.52, a price-to-earnings-growth ratio of 1.07 and a beta of 0.88. The company has a current ratio of 1.28, a quick ratio of 0.23 and a debt-to-equity ratio of 0.47.
Dollar Tree (NASDAQ:DLTR – Get Free Report) last released its earnings results on Wednesday, June 5th. The company reported $1.43 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.43. Dollar Tree had a positive return on equity of 15.67% and a negative net margin of 3.23%. The firm had revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.63 billion. During the same period last year, the business posted $1.47 earnings per share. Dollar Tree’s revenue was up 4.2% compared to the same quarter last year. Analysts predict that Dollar Tree, Inc. will post 6.63 EPS for the current year.
Insider Buying and Selling
In related news, insider Robert Aflatooni sold 827 shares of Dollar Tree stock in a transaction that occurred 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 $1,026,765.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 6.80% of the company’s stock.
Institutional Trading of Dollar Tree
Institutional investors have recently bought and sold shares of the business. ICA Group Wealth Management LLC purchased a new stake in Dollar Tree during the fourth quarter worth approximately $26,000. Strategic Financial Concepts LLC purchased a new stake in shares of Dollar Tree during the 2nd quarter worth approximately $26,000. United Community Bank acquired a new position in shares of Dollar Tree in the 4th quarter valued at $27,000. Register Financial Advisors LLC purchased a new position in shares of Dollar Tree in the 1st quarter valued at $28,000. Finally, Mather Group LLC. raised its stake in Dollar Tree by 198.9% during the 2nd quarter. Mather Group LLC. now owns 281 shares of the company’s stock worth $30,000 after acquiring an additional 187 shares in the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.
Dollar Tree Company Profile
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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