Dollar Tree (NASDAQ:DLTR) Reaches New 52-Week Low at $94.93

Shares of Dollar Tree, Inc. (NASDAQ:DLTR) hit a new 52-week low during trading on Wednesday . The stock traded as low as $94.93 and last traded at $95.03, with a volume of 1410784 shares changing hands. The stock had previously closed at $96.58.

Analyst Upgrades and Downgrades

DLTR has been the subject of a number of recent analyst reports. Piper Sandler downgraded shares of Dollar Tree from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $143.00 to $112.00 in a research report on Tuesday, July 16th. Wells Fargo & Company dropped their target price on shares of Dollar Tree from $180.00 to $160.00 and set an “overweight” rating on the stock in a report on Thursday, June 6th. Telsey Advisory Group decreased their price target on Dollar Tree from $160.00 to $155.00 and set an “outperform” rating for the company in a report on Thursday, June 6th. BMO Capital Markets lowered their price objective on Dollar Tree from $150.00 to $145.00 and set an “outperform” rating for the company in a research report on Thursday, June 6th. Finally, Evercore ISI upped their target price 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. 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $141.55.

Dollar Tree Trading Down 1.6 %

The company has a quick ratio of 0.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.47. The firm has a 50 day moving average price of $107.01 and a 200 day moving average price of $122.41. The stock has a market capitalization of $20.43 billion, a PE ratio of -20.70, a P/E/G ratio of 1.07 and a beta of 0.88.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Wednesday, June 5th. The company reported $1.43 earnings per share for the quarter, meeting the consensus estimate of $1.43. Dollar Tree had a positive return on equity of 15.67% and a negative net margin of 3.23%. The business had revenue of $7.63 billion for the quarter, compared to analysts’ expectations of $7.63 billion. During the same period last year, the business earned $1.47 EPS. The business’s revenue was up 4.2% on a year-over-year basis. Equities analysts expect that Dollar Tree, Inc. will post 6.63 EPS for the current fiscal year.

Insider Buying and Selling at Dollar Tree

In related news, insider Robert Aflatooni sold 827 shares of Dollar Tree stock in a transaction 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 sale, the insider now directly owns 9,725 shares in the company, valued at $1,026,765.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. NBC Securities Inc. increased its position in Dollar Tree by 7.1% in the fourth quarter. NBC Securities Inc. now owns 1,150 shares of the company’s stock worth $163,000 after buying an additional 76 shares during the last quarter. Mount Yale Investment Advisors LLC boosted its holdings in Dollar Tree by 4.9% in the 1st quarter. Mount Yale Investment Advisors LLC now owns 1,985 shares of the company’s stock worth $264,000 after buying an additional 93 shares during the period. GAMMA Investing LLC grew its stake in Dollar Tree by 4.0% in the 1st quarter. GAMMA Investing LLC now owns 2,515 shares of the company’s stock valued at $335,000 after buying an additional 96 shares in the last quarter. Salomon & Ludwin LLC raised its holdings in Dollar Tree by 27.0% during the 1st quarter. Salomon & Ludwin LLC now owns 494 shares of the company’s stock valued at $66,000 after acquiring an additional 105 shares during the period. Finally, Fiduciary Trust Co raised its holdings in Dollar Tree by 1.0% during the 4th quarter. Fiduciary Trust Co now owns 10,997 shares of the company’s stock valued at $1,562,000 after acquiring an additional 109 shares during the period. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Dollar Tree Company Profile

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.