Dollar Tree (NASDAQ:DLTR) Shares Up 3% – Time to Buy?

Dollar Tree, Inc. (NASDAQ:DLTR) shares were up 3% on Monday . The stock traded as high as $74.56 and last traded at $74.91. 2,401,923 shares changed hands during mid-day trading, a decline of 34% from the average daily volume of 3,622,804 shares. The stock had previously closed at $72.75.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Evercore ISI lifted their price objective on shares of Dollar Tree from $79.00 to $85.00 and gave the company an “in-line” rating in a report on Thursday, March 27th. StockNews.com upgraded Dollar Tree from a “sell” rating to a “hold” rating in a report on Thursday, December 5th. BMO Capital Markets upped their price objective on Dollar Tree from $65.00 to $70.00 and gave the stock a “market perform” rating in a research note on Thursday, December 5th. Telsey Advisory Group raised their price objective on Dollar Tree from $75.00 to $82.00 and gave the company a “market perform” rating in a research report on Thursday, March 27th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $72.00 target price (up from $67.00) on shares of Dollar Tree in a report on Thursday, December 5th. Sixteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Dollar Tree has a consensus rating of “Hold” and a consensus target price of $83.68.

Dollar Tree Stock Up 0.4 %

The firm has a market capitalization of $16.20 billion, a price-to-earnings ratio of -15.79, a price-to-earnings-growth ratio of 2.16 and a beta of 0.91. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. The business has a fifty day moving average price of $71.26 and a two-hundred day moving average price of $70.36.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Townsquare Capital LLC lifted its holdings in shares of Dollar Tree by 5.6% in 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. Harber Asset Management LLC lifted its holdings in Dollar Tree by 174.4% in the third quarter. Harber Asset Management LLC now owns 215,552 shares of the company’s stock valued at $15,158,000 after acquiring an additional 136,987 shares during the period. Janus Henderson Group PLC boosted its position in Dollar Tree by 9.8% in the 3rd quarter. Janus Henderson Group PLC now owns 1,844,762 shares of the company’s stock worth $129,724,000 after purchasing an additional 165,398 shares in the last quarter. Investment Management Corp of Ontario grew its stake in shares of Dollar Tree by 42.4% during the 3rd quarter. Investment Management Corp of Ontario now owns 6,719 shares of the company’s stock worth $472,000 after purchasing an additional 2,000 shares during the period. Finally, Intrepid Capital Management Inc. purchased a new position in shares of Dollar Tree during the 3rd quarter valued at approximately $933,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

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.