Dollar Tree (NASDAQ:DLTR) Trading Up 3% – What’s Next?

Dollar Tree, Inc. (NASDAQ:DLTR) shares traded up 3% during mid-day trading on Monday . The company traded as high as $74.56 and last traded at $74.91. 2,401,923 shares traded hands during mid-day trading, a decline of 34% from the average session volume of 3,622,804 shares. The stock had previously closed at $72.75.

Analyst Ratings Changes

A number of equities analysts have weighed in on DLTR shares. StockNews.com raised shares of Dollar Tree from a “sell” rating to a “hold” rating in a research note on Thursday, December 5th. Citigroup boosted their target price on Dollar Tree from $64.00 to $76.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. BMO Capital Markets lifted their price target on Dollar Tree from $65.00 to $70.00 and gave the stock a “market perform” rating in a research report on Thursday, December 5th. Truist Financial cut their price objective on shares of Dollar Tree from $83.00 to $76.00 and set a “buy” rating on the stock in a research report on Tuesday, March 25th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Dollar Tree from $88.00 to $78.00 and set a “neutral” rating on the stock in a research note on Thursday. Sixteen research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Dollar Tree presently has an average rating of “Hold” and an average target price of $83.42.

Dollar Tree Stock Performance

The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. The business has a 50 day moving average of $71.17 and a 200 day moving average of $70.27. The company has a market capitalization of $16.16 billion, a P/E ratio of -15.70, a price-to-earnings-growth ratio of 2.16 and a beta of 0.91.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share for the quarter, missing the consensus estimate of $2.20 by ($0.09). Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The business had revenue of $5 billion during the quarter, compared to the consensus estimate of $8.23 billion. During the same quarter in the prior year, the firm posted $2.55 EPS. The company’s revenue for the quarter was up .7% on a year-over-year basis. On average, sell-side analysts predict that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Hedge Funds Weigh In On Dollar Tree

Large investors have recently bought and sold shares of the business. Wellington Management Group LLP increased its stake in Dollar Tree by 155.7% in the 4th quarter. Wellington Management Group LLP now owns 77,886 shares of the company’s stock worth $5,837,000 after buying an additional 47,427 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Dollar Tree by 21.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 9,105 shares of the company’s stock valued at $682,000 after purchasing an additional 1,588 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Dollar Tree in the fourth quarter worth approximately $8,315,000. Polar Asset Management Partners Inc. boosted its position in 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 acquiring an additional 53,600 shares in the last quarter. Finally, Forum Financial Management LP purchased a new position in shares of Dollar Tree in the 4th quarter valued at $340,000. 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.