Dollar Tree, Inc. (NASDAQ:DLTR - Get Free Report)'s share price fell 2.8% on Monday . The stock traded as low as $117.44 and last traded at $118.37. 1,582,090 shares changed hands during trading, a decline of 42% from the average session volume of 2,735,054 shares. The stock had previously closed at $121.74.
Analysts Set New Price Targets
Several research firms have weighed in on DLTR. Oppenheimer reiterated a "market perform" rating on shares of Dollar Tree in a report on Monday, March 4th. JPMorgan Chase & Co. increased their price objective on Dollar Tree from $144.00 to $152.00 and gave the stock an "overweight" rating in a research report on Monday, April 15th. Telsey Advisory Group restated an "outperform" rating and issued a $160.00 target price on shares of Dollar Tree in a research report on Thursday, March 14th. Piper Sandler lowered their price target on Dollar Tree from $171.00 to $168.00 and set an "overweight" rating for the company in a report on Thursday, March 14th. Finally, Wells Fargo & Company raised their price objective on Dollar Tree from $160.00 to $180.00 and gave the stock an "overweight" rating in a research report on Monday, March 4th. One analyst has rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $150.05.
Read Our Latest Stock Analysis on DLTR
Dollar Tree Stock Performance
The firm has a 50 day moving average price of $134.11 and a 200-day moving average price of $129.23. The company has a quick ratio of 0.22, a current ratio of 1.31 and a debt-to-equity ratio of 0.47.
Dollar Tree (NASDAQ:DLTR - Get Free Report) last posted its quarterly earnings results on Wednesday, March 13th. The company reported $2.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.67 by ($0.12). Dollar Tree had a negative net margin of 3.26% and a positive return on equity of 15.11%. The company had revenue of $8.63 billion during the quarter, compared to analyst estimates of $8.66 billion. During the same period in the prior year, the business earned $2.04 EPS. Dollar Tree's revenue for the quarter was up 11.9% on a year-over-year basis. As a group, analysts anticipate that Dollar Tree, Inc. will post 6.91 earnings per share for the current year.
Insiders Place Their Bets
In other news, CFO Jeffrey A. Davis acquired 1,800 shares of Dollar Tree stock in a transaction dated Monday, April 1st. The shares were acquired at an average cost of $136.00 per share, for a total transaction of $244,800.00. Following the acquisition, the chief financial officer now owns 19,047 shares of the company's stock, valued at $2,590,392. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Dollar Tree news, CFO Jeffrey A. Davis acquired 1,800 shares of the company's stock in a transaction dated Monday, April 1st. The shares were acquired at an average price of $136.00 per share, for a total transaction of $244,800.00. Following the acquisition, the chief financial officer now owns 19,047 shares in the company, valued at approximately $2,590,392. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Daniel J. Heinrich bought 1,000 shares of the firm's stock in a transaction that occurred on Monday, March 18th. The shares were acquired at an average price of $127.85 per share, with a total value of $127,850.00. Following the purchase, the director now owns 6,225 shares of the company's stock, valued at $795,866.25. The disclosure for this purchase can be found here. 6.00% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the stock. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Dollar Tree in the third quarter valued at $26,000. ICA Group Wealth Management LLC purchased a new position in Dollar Tree during the 4th quarter worth approximately $26,000. United Community Bank acquired a new position in Dollar Tree during the fourth quarter worth approximately $27,000. Register Financial Advisors LLC purchased a new stake in Dollar Tree in the first quarter valued at approximately $28,000. Finally, Operose Advisors LLC acquired a new stake in shares of Dollar Tree in the third quarter valued at approximately $34,000. Institutional investors and hedge funds own 97.40% of the company's stock.
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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