Dollar Tree, Inc. (NASDAQ:DLTR - Get Free Report) shares reached a new 52-week low during trading on Tuesday . The company traded as low as $91.40 and last traded at $92.00, with a volume of 666210 shares changing hands. The stock had previously closed at $93.90.
Analysts Set New Price Targets
Several research analysts have recently weighed in on the stock. UBS Group lowered their price objective on Dollar Tree from $170.00 to $155.00 and set a "buy" rating on the stock in a research report on Friday, June 28th. JPMorgan Chase & Co. upped their target price on Dollar Tree from $135.00 to $148.00 and gave the stock an "overweight" rating in a research note on Thursday, July 18th. Evercore ISI lifted their price target on Dollar Tree from $136.00 to $137.00 and gave the company an "in-line" rating in a research report on Thursday, June 20th. Telsey Advisory Group cut their price objective on Dollar Tree from $160.00 to $155.00 and set an "outperform" rating for the company in a report on Thursday, June 6th. Finally, Truist Financial lowered 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 note 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 given a buy rating to the company. Based on data from MarketBeat, Dollar Tree presently has an average rating of "Moderate Buy" and an average price target of $141.55.
Check Out Our Latest Analysis on Dollar Tree
Dollar Tree Stock Down 1.5 %
The firm has a market capitalization of $19.87 billion, a PE ratio of -20.14, a PEG ratio of 1.07 and a beta of 0.88. 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 stock has a 50 day simple moving average of $104.68 and a 200 day simple moving average of $121.10.
Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its earnings results on Wednesday, June 5th. The company reported $1.43 EPS for the quarter, hitting the consensus estimate of $1.43. The company had revenue of $7.63 billion for the quarter, compared to the consensus estimate of $7.63 billion. Dollar Tree had a negative net margin of 3.23% and a positive return on equity of 15.67%. The firm's revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.47 earnings per share. As a group, sell-side analysts forecast that Dollar Tree, Inc. will post 6.63 earnings per share for the current year.
Insider Activity at Dollar Tree
In related news, insider Robert Aflatooni sold 827 shares of the company's stock in a transaction that occurred on Tuesday, June 25th. The stock was 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 SEC, which is available through this hyperlink. 6.80% of the stock is owned by company insiders.
Institutional Investors Weigh In On Dollar Tree
Large investors have recently modified their holdings of the stock. ICA Group Wealth Management LLC bought a new stake in shares of Dollar Tree during the 4th quarter valued at about $26,000. United Community Bank bought a new stake in Dollar Tree during the fourth quarter worth about $27,000. Register Financial Advisors LLC bought a new stake in Dollar Tree during the first quarter worth about $28,000. Mather Group LLC. boosted its stake 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. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in Dollar Tree during the second quarter worth about $37,000. Institutional investors own 97.40% of the company's stock.
Dollar Tree Company Profile
(Get Free Report)
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.
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