Dollar Tree (NASDAQ:DLTR) Stock Price Down 4.1% - Time to Sell?

Shares of Dollar Tree, Inc. (NASDAQ:DLTR - Get Free Report) were down 4.1% during trading on Friday . The stock traded as low as $73.07 and last traded at $73.36. Approximately 1,488,584 shares were traded during mid-day trading, a decline of 34% from the average daily volume of 2,250,613 shares. The stock had previously closed at $76.47.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Truist Financial raised their price target on shares of Dollar Tree from $79.00 to $83.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. UBS Group dropped their target price on shares of Dollar Tree from $155.00 to $105.00 and set a "buy" rating on the stock in a report on Thursday, September 5th. Telsey Advisory Group reiterated a "market perform" rating and set a $75.00 price target on shares of Dollar Tree in a report on Friday, December 20th. Loop Capital boosted their price objective on Dollar Tree from $65.00 to $75.00 and gave the company a "hold" rating in a research note on Thursday, December 5th. Finally, Sanford C. Bernstein assumed coverage on Dollar Tree in a research note on Tuesday, October 22nd. They set a "market perform" rating and a $76.00 target price for the company. Seventeen analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Dollar Tree currently has an average rating of "Hold" and a consensus target price of $85.58.

Dollar Tree Price Performance

The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. The business has a 50 day simple moving average of $69.14 and a 200-day simple moving average of $81.81. The firm has a market cap of $15.77 billion, a price-to-earnings ratio of -15.38, a P/E/G ratio of 2.28 and a beta of 0.92.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last released its quarterly earnings results on Wednesday, December 4th. The company reported $1.12 EPS for the quarter, beating analysts' consensus estimates of $1.07 by $0.05. The business had revenue of $7.57 billion during the quarter, compared to analyst estimates of $7.45 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. Dollar Tree's quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.97 EPS. Equities research analysts expect that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Van ECK Associates Corp boosted its holdings in shares of Dollar Tree by 8.6% in the 2nd quarter. Van ECK Associates Corp now owns 24,600 shares of the company's stock worth $2,627,000 after buying an additional 1,952 shares during the last quarter. TIAA Trust National Association grew its position in shares of Dollar Tree by 14.9% during the 2nd quarter. TIAA Trust National Association now owns 2,130 shares of the company's stock valued at $227,000 after acquiring an additional 276 shares during the period. Legacy Capital Wealth Partners LLC purchased a new stake in shares of Dollar Tree during the 2nd quarter worth approximately $273,000. Pzena Investment Management LLC raised its holdings in shares of Dollar Tree by 39.9% in the 2nd quarter. Pzena Investment Management LLC now owns 2,727 shares of the company's stock worth $291,000 after purchasing an additional 778 shares during the period. Finally, Strategy Asset Managers LLC bought a new stake in shares of Dollar Tree in the 2nd quarter worth approximately $549,000. Hedge funds and other 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.