Dollar Tree (NASDAQ:DLTR) Reaches New 1-Year Low at $85.50

Dollar Tree, Inc. (NASDAQ:DLTR)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as $85.50 and last traded at $88.77, with a volume of 296410 shares. The stock had previously closed at $94.46.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Evercore ISI upped their price objective on Dollar Tree from $136.00 to $137.00 and gave the company an “in-line” rating in a report on Thursday, June 20th. Piper Sandler cut Dollar Tree from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $143.00 to $112.00 in a research note on Tuesday, July 16th. Wells Fargo & Company reduced their price objective on shares of Dollar Tree from $160.00 to $130.00 and set an “overweight” rating on the stock in a research note on Tuesday. Truist Financial decreased their price objective on shares of Dollar Tree from $147.00 to $140.00 and set a “buy” rating for the company in a report on Thursday, June 6th. Finally, UBS Group cut their target price on shares of Dollar Tree from $170.00 to $155.00 and set a “buy” rating on the stock in a report on Friday, June 28th. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, Dollar Tree currently has a consensus rating of “Moderate Buy” and an average price target of $139.50.

Dollar Tree Stock Performance

The stock has a market cap of $18.97 billion, a P/E ratio of -19.14, a PEG ratio of 1.07 and a beta of 0.88. The stock has a fifty day simple moving average of $102.28 and a 200-day simple moving average of $118.35. 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) last released its earnings results on Wednesday, June 5th. The company reported $1.43 EPS for the quarter, meeting the consensus estimate of $1.43. The firm had revenue of $7.63 billion for the quarter, compared to analysts’ expectations of $7.63 billion. Dollar Tree had a positive return on equity of 15.67% and a negative net margin of 3.23%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.47 EPS. On average, equities analysts expect that Dollar Tree, Inc. will post 6.63 earnings per share for the current year.

Insider Buying and Selling

In other Dollar Tree news, insider Robert Aflatooni sold 827 shares of Dollar Tree stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $105.58, for a total value of $87,314.66. Following the sale, the insider now directly owns 9,725 shares in the company, valued at approximately $1,026,765.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of DLTR. ICA Group Wealth Management LLC bought a new position in shares of Dollar Tree in the fourth quarter valued at $26,000. United Community Bank bought a new position in shares of Dollar Tree in the 4th quarter valued at about $27,000. Register Financial Advisors LLC bought a new stake in shares of Dollar Tree in the 1st quarter valued at about $28,000. Mather Group LLC. lifted 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, Thurston Springer Miller Herd & Titak Inc. bought a new position in Dollar Tree during the second quarter worth about $37,000. 97.40% of the stock is currently owned by institutional investors.

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.