Dollar Tree (NASDAQ:DLTR) Trading Up 5.3% – Time to Buy?

Dollar Tree, Inc. (NASDAQ:DLTR)’s share price was up 5.3% during mid-day trading on Monday . The company traded as high as $70.13 and last traded at $70.13. Approximately 595,731 shares traded hands during trading, a decline of 81% from the average daily volume of 3,208,685 shares. The stock had previously closed at $66.60.

Analyst Ratings Changes

A number of research firms recently weighed in on DLTR. StockNews.com downgraded shares of Dollar Tree from a “hold” rating to a “sell” rating in a research note on Friday, September 6th. Guggenheim dropped their target price on shares of Dollar Tree from $150.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, September 6th. Piper Sandler reduced their price target on Dollar Tree from $112.00 to $67.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. Evercore ISI decreased their price objective on Dollar Tree from $105.00 to $100.00 and set an “in-line” rating for the company in a research note on Tuesday, October 22nd. Finally, BMO Capital Markets lowered Dollar Tree from an “outperform” rating to a “market perform” rating and cut their target price for the company from $130.00 to $68.00 in a research note on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $88.11.

Dollar Tree Stock Down 0.1 %

The firm has a market capitalization of $14.35 billion, a P/E ratio of -13.68, a PEG ratio of 2.82 and a beta of 0.87. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.17 and a current ratio of 1.02. The firm’s 50-day moving average is $70.40 and its 200 day moving average is $95.23.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Wednesday, September 4th. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.37). The firm had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.49 billion. Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. The firm’s quarterly revenue was up .7% on a year-over-year basis. During the same period in the prior year, the company earned $0.91 earnings per share. As a group, equities research analysts predict that Dollar Tree, Inc. will post 5.33 EPS for the current fiscal year.

Insider Transactions at Dollar Tree

In other Dollar Tree news, Director Daniel J. Heinrich acquired 2,200 shares of Dollar Tree stock in a transaction dated Friday, September 6th. The stock was bought at an average cost of $68.27 per share, for a total transaction of $150,194.00. Following the purchase, the director now directly owns 9,823 shares in the company, valued at approximately $670,616.21. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 6.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Dollar Tree

Institutional investors and hedge funds have recently made changes to their positions in the stock. Mather Group LLC. raised its position in Dollar Tree by 198.9% during the second quarter. Mather Group LLC. now owns 281 shares of the company’s stock worth $30,000 after acquiring an additional 187 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Dollar Tree in the 2nd quarter valued at about $37,000. Blue Trust Inc. lifted its stake in Dollar Tree by 174.5% in the 2nd quarter. Blue Trust Inc. now owns 431 shares of the company’s stock valued at $46,000 after purchasing an additional 274 shares during the last quarter. Eastern Bank acquired a new stake in Dollar Tree in the 3rd quarter valued at about $34,000. Finally, EverSource Wealth Advisors LLC grew its holdings in Dollar Tree by 29.3% during the first quarter. EverSource Wealth Advisors LLC now owns 486 shares of the company’s stock worth $65,000 after purchasing an additional 110 shares during the period. Institutional investors 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.