Dollar Tree (NASDAQ:DLTR) Sees Unusually-High Trading Volume

Shares of Dollar Tree, Inc. (NASDAQ:DLTR - Get Free Report) saw unusually-high trading volume on Thursday . Approximately 2,059,531 shares were traded during trading, a decline of 30% from the previous session's volume of 2,941,801 shares.The stock last traded at $62.63 and had previously closed at $63.56.

Analysts Set New Price Targets

A number of research firms recently commented on DLTR. JPMorgan Chase & Co. cut shares of Dollar Tree from an "overweight" rating to a "neutral" rating and lowered their price objective for the company from $111.00 to $70.00 in a research report on Wednesday. UBS Group lowered their price target on Dollar Tree from $155.00 to $105.00 and set a "buy" rating for the company in a report on Thursday. Evercore ISI cut their price objective on Dollar Tree from $128.00 to $78.00 and set an "in-line" rating on the stock in a report on Thursday. Morgan Stanley lowered their target price on Dollar Tree from $130.00 to $80.00 and set an "equal weight" rating for the company in a research note on Thursday. Finally, Wells Fargo & Company reduced their price target on shares of Dollar Tree from $130.00 to $100.00 and set an "overweight" rating for the company in a report on Thursday. Eleven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $97.63.

Dollar Tree Stock Up 7.7 %

The stock's fifty day simple moving average is $99.39 and its 200-day simple moving average is $116.02. The stock has a market cap of $14.72 billion, a P/E ratio of -14.60, a P/E/G ratio of 0.93 and a beta of 0.87. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.23 and a current ratio of 1.28.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its quarterly earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.37). The company had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.49 billion. Dollar Tree had a negative net margin of 3.23% and a positive return on equity of 15.67%. The company's quarterly revenue was up .7% on a year-over-year basis. During the same quarter last year, the firm posted $0.91 earnings per share. As a group, research analysts forecast that Dollar Tree, Inc. will post 6.46 earnings per share for the current fiscal year.

Insider Buying and Selling at Dollar Tree

In other Dollar Tree news, insider Robert Aflatooni sold 827 shares of the business's stock in a transaction that occurred on Tuesday, June 25th. The shares were 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 directly owns 9,725 shares in the company, valued at $1,026,765.50. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 6.80% of the company's stock.

Institutional Investors Weigh In On Dollar Tree

A number of hedge funds have recently made changes to their positions in DLTR. ICA Group Wealth Management LLC acquired a new position in Dollar Tree in the 4th quarter worth about $26,000. Strategic Financial Concepts LLC bought a new stake in Dollar Tree during the 2nd quarter worth approximately $26,000. United Community Bank acquired a new position in Dollar Tree in the 4th quarter valued at approximately $27,000. Register Financial Advisors LLC bought a new position in Dollar Tree during the 1st quarter worth $28,000. Finally, Mather Group LLC. lifted its holdings in Dollar Tree by 198.9% during the 2nd quarter. Mather Group LLC. now owns 281 shares of the company's stock worth $30,000 after buying an additional 187 shares during the period. 97.40% of the stock is currently owned by institutional investors and hedge funds.

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.