Dollar Tree (NASDAQ:DLTR) Sets New 52-Week Low at $101.79

Dollar Tree, Inc. (NASDAQ:DLTR)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as $101.79 and last traded at $101.91, with a volume of 250642 shares trading hands. The stock had previously closed at $104.34.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. upped their target price on Dollar Tree from $135.00 to $148.00 and gave the company an “overweight” rating in a research report on Thursday, July 18th. KeyCorp upgraded shares of Dollar Tree from a “sector weight” rating to an “overweight” rating and set a $150.00 price objective for the company in a research report on Wednesday, May 1st. BMO Capital Markets cut their price objective on Dollar Tree from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Thursday, June 6th. Wells Fargo & Company cut their price target on shares of Dollar Tree from $180.00 to $160.00 and set an “overweight” rating on the stock in a report on Thursday, June 6th. Finally, Morgan Stanley decreased their target price on shares of Dollar Tree from $135.00 to $130.00 and set an “equal weight” rating for the company in a research report on Thursday, June 6th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $141.55.

Dollar Tree Stock Down 3.0 %

The company has a current ratio of 1.28, a quick ratio of 0.23 and a debt-to-equity ratio of 0.47. The business’s fifty day moving average price is $108.33 and its 200-day moving average price is $123.50.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Wednesday, June 5th. The company reported $1.43 EPS for the quarter, meeting the consensus estimate of $1.43. Dollar Tree had a negative net margin of 3.23% and a positive return on equity of 15.67%. The company had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.63 billion. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.47 EPS. On average, equities analysts expect that Dollar Tree, Inc. will post 6.63 EPS for the current year.

Insider Transactions at Dollar Tree

In related news, insider Robert Aflatooni sold 827 shares of the business’s stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $105.58, for a total transaction of $87,314.66. Following the transaction, the insider now owns 9,725 shares in the company, valued at approximately $1,026,765.50. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 6.80% of the stock is currently owned by company insiders.

Institutional Trading of Dollar Tree

Several large investors have recently added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. lifted its position in Dollar Tree by 2.2% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 14,787 shares of the company’s stock valued at $2,100,000 after buying an additional 322 shares during the period. Fifth Third Bancorp boosted its stake in Dollar Tree by 48.8% during the fourth quarter. Fifth Third Bancorp now owns 7,060 shares of the company’s stock worth $1,003,000 after acquiring an additional 2,315 shares in the last quarter. DAVENPORT & Co LLC boosted its stake in Dollar Tree by 155.2% during the fourth quarter. DAVENPORT & Co LLC now owns 31,275 shares of the company’s stock worth $4,443,000 after acquiring an additional 19,019 shares in the last quarter. Independence Bank of Kentucky grew its holdings in Dollar Tree by 15.0% in the fourth quarter. Independence Bank of Kentucky now owns 759 shares of the company’s stock worth $108,000 after purchasing an additional 99 shares during the period. Finally, Trust Point Inc. bought a new position in shares of Dollar Tree during the fourth quarter valued at approximately $230,000. Institutional investors own 97.40% of the company’s stock.

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.