Dollar Tree (NASDAQ:DLTR) Trading Up 6.4% – Should You Buy?

Shares of Dollar Tree, Inc. (NASDAQ:DLTR) were up 6.4% during trading on Thursday . The stock traded as high as $65.89 and last traded at $65.87. Approximately 706,094 shares changed hands during trading, a decline of 80% from the average daily volume of 3,444,865 shares. The stock had previously closed at $61.92.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Loop Capital increased their price target on shares of Dollar Tree from $65.00 to $75.00 and gave the company a “hold” rating in a report on Thursday, December 5th. Truist Financial lifted their target price on Dollar Tree from $79.00 to $83.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Evercore ISI lowered their price target on Dollar Tree from $94.00 to $92.00 and set an “in-line” rating on the stock in a report on Tuesday, December 3rd. Guggenheim decreased their target price on Dollar Tree from $120.00 to $100.00 and set a “buy” rating for the company in a research report on Friday, December 6th. Finally, StockNews.com raised shares of Dollar Tree from a “sell” rating to a “hold” rating in a report on Thursday, December 5th. Sixteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $84.79.

Dollar Tree Price Performance

The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32. The company has a market cap of $14.07 billion, a P/E ratio of -13.72, a P/E/G ratio of 2.16 and a beta of 0.91. The firm has a 50 day moving average of $72.37 and a 200-day moving average of $71.23.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in DLTR. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Dollar Tree during the 4th quarter worth approximately $8,315,000. Polar Asset Management Partners Inc. increased its position in shares of Dollar Tree by 100.0% during the 4th quarter. Polar Asset Management Partners Inc. now owns 107,200 shares of the company’s stock valued at $8,034,000 after purchasing an additional 53,600 shares during the last quarter. Forum Financial Management LP bought a new position in shares of Dollar Tree during the fourth quarter valued at approximately $340,000. USS Investment Management Ltd bought a new position in Dollar Tree in the fourth quarter worth approximately $2,877,000. Finally, Woodline Partners LP purchased a new position in Dollar Tree during the 4th quarter worth $910,000. Hedge funds and other 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.