Dollar Tree (NASDAQ:DLTR) Sees Large Volume Increase

Dollar Tree, Inc. (NASDAQ:DLTR) shares saw an uptick in trading volume on Thursday . 1,230,569 shares traded hands during trading, a decline of 56% from the previous session’s volume of 2,777,611 shares.The stock last traded at $104.10 and had previously closed at $103.43.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on DLTR. KeyCorp upgraded shares of Dollar Tree from a “sector weight” rating to an “overweight” rating and set a $150.00 target price on the stock in a research report on Wednesday, May 1st. Truist Financial decreased their target price on shares of Dollar Tree from $147.00 to $140.00 and set a “buy” rating on the stock in a research report on Thursday, June 6th. Morgan Stanley decreased their target price on shares of Dollar Tree from $135.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Thursday, June 6th. Citigroup lowered shares of Dollar Tree from a “buy” rating to a “neutral” rating and decreased their target price for the company from $163.00 to $120.00 in a research report on Thursday, June 6th. Finally, Telsey Advisory Group decreased their target price on shares of Dollar Tree from $160.00 to $155.00 and set an “outperform” rating on the stock in a research report on Thursday, June 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, Dollar Tree has a consensus rating of “Moderate Buy” and a consensus price target of $141.79.

Dollar Tree Price Performance

The company has a market cap of $22.65 billion, a price-to-earnings ratio of -22.53, a PEG ratio of 1.13 and a beta of 0.90. The company has a quick ratio of 0.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.47. The company’s fifty day moving average price is $115.82 and its two-hundred day moving average price is $128.97.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results on Wednesday, June 5th. The company reported $1.43 earnings per share for the quarter, meeting the consensus estimate of $1.43. The company had revenue of $7.63 billion during the quarter, compared to analysts’ expectations of $7.63 billion. Dollar Tree had a negative net margin of 3.23% and a positive return on equity of 15.67%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.47 earnings per share. On average, equities research analysts forecast that Dollar Tree, Inc. will post 6.66 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Robert Aflatooni sold 827 shares of the stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $105.58, for a total transaction of $87,314.66. Following the completion of the transaction, the insider now owns 9,725 shares in the company, valued at $1,026,765.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Robert Aflatooni sold 827 shares of the stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $105.58, for a total transaction of $87,314.66. Following the completion of the transaction, the insider now owns 9,725 shares in the company, valued at $1,026,765.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jeffrey A. Davis purchased 1,800 shares of the business’s stock in a transaction on Monday, April 1st. The stock was purchased at an average price of $136.00 per share, with a total value of $244,800.00. Following the purchase, the chief financial officer now owns 19,047 shares of the company’s stock, valued at $2,590,392. The disclosure for this purchase can be found here. 6.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Dollar Tree

A number of large investors have recently added to or reduced their stakes in DLTR. EverSource Wealth Advisors LLC raised its position in shares of Dollar Tree by 29.3% in the first quarter. EverSource Wealth Advisors LLC now owns 486 shares of the company’s stock valued at $65,000 after purchasing an additional 110 shares during the period. Cetera Advisors LLC raised its position in shares of Dollar Tree by 119.7% in the first quarter. Cetera Advisors LLC now owns 3,234 shares of the company’s stock valued at $431,000 after purchasing an additional 1,762 shares during the period. Cetera Investment Advisers raised its position in shares of Dollar Tree by 203.5% in the first quarter. Cetera Investment Advisers now owns 12,596 shares of the company’s stock valued at $1,677,000 after purchasing an additional 8,446 shares during the period. Burney Co. raised its position in shares of Dollar Tree by 1.4% in the first quarter. Burney Co. now owns 9,598 shares of the company’s stock valued at $1,278,000 after purchasing an additional 131 shares during the period. Finally, Atria Investments Inc raised its position in shares of Dollar Tree by 27.6% in the first quarter. Atria Investments Inc now owns 14,032 shares of the company’s stock valued at $1,868,000 after purchasing an additional 3,031 shares during the period. Institutional investors and hedge funds own 97.40% of the company’s stock.

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.