Dollar Tree (NASDAQ:DLTR) Shares Down 4.1% – What’s Next?

Dollar Tree, Inc. (NASDAQ:DLTR)’s stock price traded down 4.1% during mid-day trading on Friday . The stock traded as low as $73.07 and last traded at $73.36. 1,488,584 shares were traded during trading, a decline of 34% from the average session volume of 2,250,613 shares. The stock had previously closed at $76.47.

Analyst Ratings Changes

Several research analysts have commented on DLTR shares. Melius Research started coverage on Dollar Tree in a research report on Monday, September 23rd. They issued a “hold” rating and a $70.00 price target on the stock. BMO Capital Markets boosted their target price on Dollar Tree from $65.00 to $70.00 and gave the stock a “market perform” rating in a research report on Thursday, December 5th. Loop Capital boosted their price objective on shares of Dollar Tree from $65.00 to $75.00 and gave the stock a “hold” rating in a research report on Thursday, December 5th. Jefferies Financial Group boosted their target price on shares of Dollar Tree from $70.00 to $75.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Finally, Sanford C. Bernstein initiated coverage on shares of Dollar Tree in a report on Tuesday, October 22nd. They issued a “market perform” rating and a $76.00 price objective on the stock. Seventeen research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Dollar Tree has an average rating of “Hold” and a consensus price target of $85.58.

Dollar Tree Stock Performance

The firm has a 50-day moving average price of $69.14 and a two-hundred day moving average price of $81.81. The firm has a market capitalization of $15.66 billion, a P/E ratio of -15.27, a P/E/G ratio of 2.28 and a beta of 0.92. 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) last released its quarterly earnings results on Wednesday, December 4th. The company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.05. The business had revenue of $7.57 billion for the quarter, compared to analyst estimates of $7.45 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.97 earnings per share. On average, analysts forecast that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Strategic Financial Concepts LLC purchased a new stake in Dollar Tree during the 2nd quarter worth approximately $26,000. Versant Capital Management Inc purchased a new stake in shares of Dollar Tree in the fourth quarter valued at approximately $30,000. Eastern Bank purchased a new stake in shares of Dollar Tree in the third quarter valued at approximately $34,000. First Horizon Advisors Inc. lifted its holdings in Dollar Tree by 105.6% in the third quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock valued at $39,000 after acquiring an additional 284 shares during the last quarter. Finally, Sunbelt Securities Inc. lifted its holdings in Dollar Tree by 738.7% in the third quarter. Sunbelt Securities Inc. now owns 629 shares of the company’s stock valued at $44,000 after acquiring an additional 554 shares during the last quarter. 97.40% of the stock is 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.