Dollar Tree (NASDAQ:DLTR) Sets New 12-Month Low at $101.79

Shares of Dollar Tree, Inc. (NASDAQ:DLTR) hit a new 52-week low during trading on Thursday . The stock traded as low as $101.79 and last traded at $101.91, with a volume of 250642 shares trading hands. The stock had previously closed at $104.34.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Piper Sandler downgraded shares of Dollar Tree from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $143.00 to $112.00 in a research report on Tuesday, July 16th. Truist Financial dropped their price target on shares of Dollar Tree from $147.00 to $140.00 and set a “buy” rating on the stock in a report on Thursday, June 6th. Morgan Stanley dropped their price target on shares of Dollar Tree from $135.00 to $130.00 and set an “equal weight” rating on the stock in a report on Thursday, June 6th. Telsey Advisory Group dropped their price target on shares of Dollar Tree from $160.00 to $155.00 and set an “outperform” rating on the stock in a report on Thursday, June 6th. Finally, JPMorgan Chase & Co. raised their price target on shares of Dollar Tree from $135.00 to $148.00 and gave the company an “overweight” rating in a report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Dollar Tree has a consensus rating of “Moderate Buy” and an average price target of $141.55.

Dollar Tree Stock Performance

The company has a market cap of $21.39 billion, a P/E ratio of -21.68, a PEG ratio of 1.07 and a beta of 0.88. The business’s 50 day simple moving average is $107.72 and its 200 day simple moving average is $123.08. The company has a current ratio of 1.28, a quick ratio of 0.23 and a debt-to-equity ratio of 0.47.

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

Insiders Place Their Bets

In other news, insider Robert Aflatooni sold 827 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 9,725 shares of the company’s stock, valued at approximately $1,026,765.50. The sale was disclosed in a filing with the SEC, which is available at this link. 6.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in DLTR. ICA Group Wealth Management LLC acquired a new position in Dollar Tree in the 4th quarter valued at $26,000. United Community Bank acquired a new position in Dollar Tree in the 4th quarter valued at $27,000. Register Financial Advisors LLC acquired a new position in Dollar Tree in the 1st quarter valued at $28,000. Mather Group LLC. raised its stake in Dollar Tree by 198.9% in the 2nd quarter. Mather Group LLC. now owns 281 shares of the company’s stock valued at $30,000 after purchasing an additional 187 shares during the last quarter. Finally, Turtle Creek Wealth Advisors LLC acquired a new position in Dollar Tree in the 4th quarter valued at $35,000. 97.40% of the stock is owned by institutional investors and hedge funds.

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.