Dollar Tree (NASDAQ:DLTR) Sets New 12-Month Low at $94.93

Shares of Dollar Tree, Inc. (NASDAQ:DLTRGet Free Report) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $94.93 and last traded at $95.03, with a volume of 1410784 shares trading hands. The stock had previously closed at $96.58.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on DLTR shares. Evercore ISI lifted their target price on Dollar Tree from $136.00 to $137.00 and gave the stock an “in-line” rating in a report on Thursday, June 20th. UBS Group dropped their target price 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. Telsey Advisory Group reduced their price target on Dollar Tree from $160.00 to $155.00 and set an “outperform” rating for the company in a research report on Thursday, June 6th. JPMorgan Chase & Co. increased their price target on shares of Dollar Tree from $135.00 to $148.00 and gave the company an “overweight” rating in a research report on Thursday, July 18th. Finally, Piper Sandler downgraded shares of Dollar Tree from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $143.00 to $112.00 in a research report on Tuesday, July 16th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, Dollar Tree currently has an average rating of “Moderate Buy” and a consensus price target of $141.55.

View Our Latest Analysis on Dollar Tree

Dollar Tree Trading Down 1.6 %

The stock has a 50-day moving average of $107.01 and a 200 day moving average of $122.41. The company has a quick ratio of 0.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.47. The stock has a market cap of $20.43 billion, a PE ratio of -20.70, a price-to-earnings-growth ratio of 1.07 and a beta of 0.88.

Dollar Tree (NASDAQ:DLTRGet Free Report) last released its quarterly earnings data on Wednesday, June 5th. The company reported $1.43 EPS for the quarter, meeting the consensus estimate of $1.43. Dollar Tree had a negative net margin of 3.23% and a positive return on equity of 15.67%. The business had revenue of $7.63 billion for the quarter, compared to the consensus estimate of $7.63 billion. During the same period in the prior year, the firm earned $1.47 EPS. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Dollar Tree, Inc. will post 6.63 earnings per share for the current year.

Insider Buying and Selling at Dollar Tree

In other Dollar Tree news, insider Robert Aflatooni sold 827 shares of the business’s stock in a transaction that occurred on Tuesday, June 25th. The stock was 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 directly owns 9,725 shares of the company’s stock, valued at $1,026,765.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Dollar Tree

Several hedge funds have recently modified their holdings of the company. International Assets Investment Management LLC acquired a new position in shares of Dollar Tree during the 4th quarter worth about $15,638,000. Dorsal Capital Management LP purchased a new stake in Dollar Tree during the 4th quarter worth approximately $35,512,000. Wellington Management Group LLP increased its stake in Dollar Tree by 2.6% during the 4th quarter. Wellington Management Group LLP now owns 2,881,772 shares of the company’s stock worth $409,356,000 after buying an additional 73,588 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its holdings in shares of Dollar Tree by 92.6% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 146,614 shares of the company’s stock valued at $20,826,000 after acquiring an additional 70,478 shares during the last quarter. Finally, Bridgefront Capital LLC lifted its position in shares of Dollar Tree by 62.5% in the fourth quarter. Bridgefront Capital LLC now owns 4,918 shares of the company’s stock valued at $699,000 after acquiring an additional 1,892 shares in the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.

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.

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