Dollar Tree (NASDAQ:DLTR) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Dollar Tree, Inc. (NASDAQ:DLTR) saw unusually-high trading volume on Wednesday . Approximately 4,965,113 shares traded hands during mid-day trading, an increase of 46% from the previous session’s volume of 3,392,155 shares.The stock last traded at $70.24 and had previously closed at $67.14.

Analysts Set New Price Targets

Several equities research analysts have recently commented on DLTR shares. UBS Group reduced their price target on shares of Dollar Tree from $105.00 to $95.00 and set a “buy” rating for the company in a report on Friday, March 21st. Citigroup upped their price objective on shares of Dollar Tree from $64.00 to $76.00 and gave the company a “neutral” rating in a report on Thursday, December 5th. Piper Sandler restated a “neutral” rating and issued a $72.00 target price (up previously from $67.00) on shares of Dollar Tree in a research note on Thursday, December 5th. Evercore ISI raised their price target on shares of Dollar Tree from $79.00 to $85.00 and gave the stock an “in-line” rating in a research report on Thursday. Finally, Loop Capital reissued a “hold” rating on shares of Dollar Tree in a report on Thursday. Sixteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $83.68.

Dollar Tree Trading Up 11.2 %

The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. The company has a 50 day moving average of $71.15 and a 200 day moving average of $70.18. The stock has a market capitalization of $16.54 billion, a price-to-earnings ratio of -16.13, a P/E/G ratio of 2.16 and a beta of 0.91.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Wednesday, March 26th. The company reported $2.11 EPS for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.09). The business had revenue of $5 billion during the quarter, compared to analyst estimates of $8.23 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. Dollar Tree’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter last year, the company earned $2.55 earnings per share. On average, research analysts predict that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Quest Partners LLC lifted its position in Dollar Tree by 28.3% during the third quarter. Quest Partners LLC now owns 2,006 shares of the company’s stock worth $141,000 after buying an additional 442 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Dollar Tree by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,253,423 shares of the company’s stock valued at $88,141,000 after purchasing an additional 10,681 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in shares of Dollar Tree by 9.8% in the 3rd quarter. Daiwa Securities Group Inc. now owns 41,216 shares of the company’s stock valued at $2,898,000 after buying an additional 3,680 shares during the period. Brooklyn Investment Group acquired a new stake in shares of Dollar Tree during the 3rd quarter worth approximately $48,000. Finally, Townsquare Capital LLC raised its position in shares of Dollar Tree by 5.6% during the 3rd quarter. Townsquare Capital LLC now owns 17,433 shares of the company’s stock valued at $1,226,000 after buying an additional 931 shares during the period. 97.40% of the stock is currently 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.