Dollar Tree (NASDAQ:DLTR) Shares Gap Up - Should You Buy?

Dollar Tree, Inc. (NASDAQ:DLTR - Get Free Report) shares gapped up before the market opened on Monday . The stock had previously closed at $67.55, but opened at $70.12. Dollar Tree shares last traded at $71.44, with a volume of 1,122,525 shares trading hands.

Analysts Set New Price Targets

A number of research firms recently commented on DLTR. Bank of America reduced their price objective on Dollar Tree from $75.00 to $70.00 and set an "underperform" rating for the company in a research report on Tuesday. Telsey Advisory Group upped their price target on shares of Dollar Tree from $75.00 to $82.00 and gave the company a "market perform" rating in a research report on Thursday, March 27th. Citigroup upgraded shares of Dollar Tree from a "neutral" rating to a "buy" rating and boosted their target price for the company from $76.00 to $103.00 in a research report on Monday, April 7th. Loop Capital reaffirmed a "hold" rating on shares of Dollar Tree in a report on Thursday, March 27th. Finally, Evercore ISI boosted their price objective on shares of Dollar Tree from $79.00 to $85.00 and gave the company an "in-line" rating in a research report on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $81.84.

Dollar Tree Stock Up 0.5 %

The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. The company's 50-day simple moving average is $70.86 and its 200 day simple moving average is $70.31. The firm has a market cap of $15.51 billion, a P/E ratio of -15.12, a price-to-earnings-growth ratio of 2.16 and a beta of 0.87.

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Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its quarterly earnings data on Wednesday, March 26th. The company reported $2.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.20 by ($0.09). The company had revenue of $5 billion for the quarter, compared to analysts' expectations of $8.23 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The company's revenue for the quarter was up .7% on a year-over-year basis. During the same quarter last year, the company earned $2.55 earnings per share. Research analysts anticipate that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Insider Buying and Selling

In other Dollar Tree news, Director William W. Douglas III bought 701 shares of Dollar Tree stock in a transaction on Wednesday, April 2nd. The shares were acquired at an average price of $75.00 per share, for a total transaction of $52,575.00. Following the completion of the purchase, the director now directly owns 1,377 shares in the company, valued at approximately $103,275. This trade represents a 103.70 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 6.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Assetmark Inc. increased its stake in shares of Dollar Tree by 74.1% during the fourth quarter. Assetmark Inc. now owns 350 shares of the company's stock valued at $26,000 after buying an additional 149 shares during the period. Deseret Mutual Benefit Administrators increased its position in Dollar Tree by 20.9% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 907 shares of the company's stock valued at $68,000 after purchasing an additional 157 shares during the period. Checchi Capital Advisers LLC increased its position in Dollar Tree by 5.6% during the 4th quarter. Checchi Capital Advisers LLC now owns 3,390 shares of the company's stock valued at $254,000 after purchasing an additional 180 shares during the period. MassMutual Private Wealth & Trust FSB lifted its position in shares of Dollar Tree by 91.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company's stock worth $33,000 after purchasing an additional 210 shares during the period. Finally, Metis Global Partners LLC boosted its stake in shares of Dollar Tree by 3.4% during the fourth quarter. Metis Global Partners LLC now owns 6,773 shares of the company's stock valued at $508,000 after purchasing an additional 220 shares in the last quarter. Institutional investors own 97.40% of the company's stock.

About Dollar Tree

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.