Dollar Tree, Inc. (NASDAQ:DLTR – Free Report) stock price was on an upward trend prior to trading on Thursday. The stock had previously closed at $92.37 but opened at $97.36. Dollar Tree shares were last seen trading at $96.87, with a trading volume of 540,883 shares.
Upgrades and downgrades by analysts
DLTR has been the subject of several research reports. Piper Sandler downgraded shares of Dollar Tree from “overweight” to “neutral” and decreased their price target for the company from $143.00 to $112.00 in a research note on Tuesday, July 16. Evercore ISI raised their price target on Dollar Tree from $136.00 to $137.00 and gave the company an “in-line” rating in a report on Thursday, June 20. JPMorgan Chase & Co. increased their price target on Dollar Tree from $135.00 to $148.00 and gave the company an “overweight” rating in a report on Thursday, July 18. Wells Fargo & Company decreased their price target on Dollar Tree from $180.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, June 6. Finally, BMO Capital Markets lowered their price target on shares of Dollar Tree from $150.00 to $145.00 and gave the company an “outperform” rating in a research report on Thursday, June 6. One research analyst has rated the stock with a “sell”, eight have given a “hold” rating and twelve have given a “buy” rating. Based on data from MarketBeat.com, Dollar Tree currently has an average rating of “Moderate Buy” and an average price target of $141.55.
Check out our latest Dollar Tree stock analysis
Dollar Tree Stock Performance
The stock’s 50-day moving average is $103.69 and its 200-day moving average is $120.49. The company has a market cap of $21.23 billion, a price-to-earnings ratio of -21.52, a price-to-earnings-growth ratio of 1.07 and a beta of 0.88. The company has a current ratio of 1.28, a quick ratio of 0.23 and a debt-to-equity ratio of 0.47.
Dollar Tree (NASDAQ:DLTR – Free Report) last released its earnings results on Wednesday, June 5. The company reported earnings per share (EPS) of $1.43 for the quarter, meeting analysts’ consensus estimates of $1.43. Dollar Tree had a positive return on equity of 15.67% and a negative net margin of 3.23%. The company posted revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.63 billion. During the same period last year, the company posted earnings per share of $1.47. Dollar Tree’s revenue increased 4.2% compared to the same quarter last year. Analysts forecast that Dollar Tree, Inc. will report earnings per share of $6.63 for the current year.
Insider buying and selling
In related news, insider Robert Aflatooni sold 827 shares of Dollar Tree stock in a transaction that occurred on Tuesday, June 25. The shares were 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 owns 9,725 shares of the company’s stock, valued at $1,026,765.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 6.80% of the company’s stock.
Institutional trading with Dollar Tree
Institutional investors have recently bought and sold shares of the company. ICA Group Wealth Management LLC acquired a new stake in Dollar Tree during the fourth quarter valued at approximately $26,000. Strategic Financial Concepts LLC acquired a new stake in Dollar Tree during the second quarter valued at approximately $26,000. United Community Bank acquired a new stake in Dollar Tree during the fourth quarter valued at $27,000. Register Financial Advisors LLC acquired a new stake in Dollar Tree during the first quarter valued at $28,000. Finally, Mather Group LLC. increased its stake in Dollar Tree by 198.9% during the second quarter. Mather Group LLC. now owns 281 shares of the company’s stock valued at $30,000 after acquiring an additional 187 shares during the last quarter. 97.40% of the shares are held by hedge funds and other institutional investors.
Dollar Tree Company Profile
(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 a fixed price of $1.25. It offers consumables, including everyday consumables such as household paper and chemicals, groceries, candy, health and personal care products, and frozen and refrigerated foods; miscellaneous merchandise, including toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, arts and craft supplies, and other items; and seasonal merchandise, including Christmas, Easter, Halloween, and Valentine’s Day items.
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