Dollar Tree (NASDAQ:DLTR) Sees Unusually-High Trading Volume – Should You Buy?

Dollar Tree, Inc. (NASDAQ:DLTR) saw strong trading volume on Thursday . 7,182,715 shares were traded during mid-day trading, an increase of 160% from the previous session’s volume of 2,764,956 shares.The stock last traded at $75.96 and had previously closed at $75.62.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on DLTR shares. Piper Sandler reaffirmed a “neutral” rating and set a $72.00 target price (up previously from $67.00) on shares of Dollar Tree in a research note on Thursday, December 5th. Citigroup boosted their price objective on shares of Dollar Tree from $64.00 to $76.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. Guggenheim dropped their price objective on shares of Dollar Tree from $120.00 to $100.00 and set a “buy” rating on the stock in a research note on Friday, December 6th. Jefferies Financial Group upped their price target on shares of Dollar Tree from $70.00 to $75.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. Finally, Evercore ISI cut their price objective on Dollar Tree from $94.00 to $92.00 and set an “in-line” rating for the company in a report on Tuesday, December 3rd. Seventeen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $85.58.

Dollar Tree Stock Down 1.7 %

The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. The firm has a market capitalization of $16.12 billion, a P/E ratio of -15.71, a price-to-earnings-growth ratio of 2.16 and a beta of 0.89. The business has a 50 day moving average price of $73.14 and a 200 day moving average price of $73.79.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Wednesday, December 4th. The company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.05. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The company had revenue of $7.57 billion during the quarter, compared to analyst estimates of $7.45 billion. During the same period in the previous year, the company earned $0.97 earnings per share. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. On average, analysts predict that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in DLTR. Vanguard Group Inc. grew its position in Dollar Tree by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 23,450,228 shares of the company’s stock worth $1,757,360,000 after buying an additional 163,368 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in Dollar Tree by 5.7% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 9,920,748 shares of the company’s stock valued at $743,461,000 after buying an additional 533,920 shares in the last quarter. State Street Corp boosted its stake in shares of Dollar Tree by 6.8% in the 3rd quarter. State Street Corp now owns 9,427,910 shares of the company’s stock valued at $662,971,000 after purchasing an additional 596,191 shares in the last quarter. Capital International Investors boosted its position in Dollar Tree by 30.1% in the fourth quarter. Capital International Investors now owns 8,753,693 shares of the company’s stock valued at $656,000,000 after buying an additional 2,023,819 shares in the last quarter. Finally, EdgePoint Investment Group Inc. boosted its holdings in shares of Dollar Tree by 14.4% in the 4th quarter. EdgePoint Investment Group Inc. now owns 7,940,163 shares of the company’s stock worth $595,036,000 after acquiring an additional 1,000,637 shares in the last quarter. 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.