Dollar Tree, Inc. (NASDAQ:DLTR - Get Free Report)'s stock price gapped down prior to trading on Thursday . The stock had previously closed at $77.57, but opened at $68.55. Dollar Tree shares last traded at $69.91, with a volume of 3,208,722 shares trading hands.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on DLTR shares. Bank of America cut their price objective on Dollar Tree from $75.00 to $70.00 and set an "underperform" rating for the company in a report on Tuesday. Loop Capital reaffirmed a "hold" rating on shares of Dollar Tree in a report on Thursday, March 27th. Wells Fargo & Company boosted their target price on Dollar Tree from $85.00 to $90.00 and gave the stock an "overweight" rating in a report on Tuesday, April 1st. Evercore ISI increased their price target on Dollar Tree from $79.00 to $85.00 and gave the stock an "in-line" rating in a research report on Thursday, March 27th. Finally, UBS Group cut their price objective on Dollar Tree from $105.00 to $95.00 and set a "buy" rating for the company in a research report on Friday, March 21st. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $81.84.
Read Our Latest Stock Report on Dollar Tree
Dollar Tree Stock Down 2.5 %
The business's fifty day simple moving average is $71.15 and its 200 day simple moving average is $70.29. The stock has a market cap of $15.27 billion, a price-to-earnings ratio of -14.89, a price-to-earnings-growth ratio of 2.16 and a beta of 0.87. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32.
Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its quarterly earnings data on Wednesday, March 26th. The company reported $2.11 EPS for the quarter, missing analysts' consensus estimates 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 company had revenue of $5 billion for the quarter, compared to analyst estimates of $8.23 billion. During the same period last year, the firm earned $2.55 earnings per share. The firm's revenue for the quarter was up .7% on a year-over-year basis. Equities analysts forecast that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, Director William W. Douglas III acquired 701 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was acquired at an average price of $75.00 per share, for a total transaction of $52,575.00. Following the transaction, the director now directly owns 1,377 shares in the company, valued at approximately $103,275. This represents a 103.70 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 6.80% of the stock is owned by insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in DLTR. Assetmark Inc. lifted its holdings in shares of Dollar Tree by 74.1% during the 4th quarter. Assetmark Inc. now owns 350 shares of the company's stock valued at $26,000 after purchasing an additional 149 shares in the last quarter. Bessemer Group Inc. lifted its stake in Dollar Tree by 34,600.0% in the fourth quarter. Bessemer Group Inc. now owns 347 shares of the company's stock valued at $26,000 after buying an additional 346 shares in the last quarter. Versant Capital Management Inc acquired a new position in shares of Dollar Tree in the fourth quarter valued at approximately $30,000. Parkside Financial Bank & Trust increased its position in shares of Dollar Tree by 120.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 424 shares of the company's stock worth $32,000 after acquiring an additional 232 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in shares of Dollar Tree by 91.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company's stock worth $33,000 after acquiring an additional 210 shares during the period. 97.40% of the stock is owned by institutional investors and hedge funds.
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.
Further Reading
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