Dollar Tree (NASDAQ:DLTR) Sees Large Volume Increase

Dollar Tree, Inc. (NASDAQ:DLTR) shares saw strong trading volume on Thursday . 2,059,531 shares were traded during mid-day 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.

Wall Street Analysts Forecast Growth

DLTR has been the subject of a number of recent research reports. Telsey Advisory Group decreased their price objective on Dollar Tree from $120.00 to $95.00 and set an “outperform” rating for the company in a research report on Thursday. Barclays decreased their price target on Dollar Tree from $128.00 to $81.00 and set an “equal weight” rating for the company in a report on Thursday. BMO Capital Markets cut shares of Dollar Tree from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $130.00 to $68.00 in a research note on Thursday. UBS Group reduced their target price on shares of Dollar Tree from $155.00 to $105.00 and set a “buy” rating for the company in a research note on Thursday. Finally, JPMorgan Chase & Co. lowered shares of Dollar Tree from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $111.00 to $70.00 in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Dollar Tree currently has an average rating of “Hold” and an average price target of $95.00.

Dollar Tree Stock Performance

The firm has a fifty day moving average of $97.85 and a 200-day moving average of $115.16. 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 stock has a market capitalization of $14.29 billion, a price-to-earnings ratio of -14.49, a PEG ratio of 0.93 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR) last released 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). Dollar Tree had a positive return on equity of 15.67% and a negative net margin of 3.23%. The firm had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.49 billion. During the same period last year, the firm earned $0.91 EPS. The company’s quarterly revenue was up .7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Dollar Tree, Inc. will post 6.46 EPS for the current year.

Insider Buying and Selling at Dollar Tree

In other news, insider Robert Aflatooni sold 827 shares of the stock in a transaction that occurred 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 $1,026,765.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 6.80% of the company’s stock.

Institutional Trading of Dollar Tree

Institutional investors and hedge funds have recently made changes to their positions in the stock. ICA Group Wealth Management LLC purchased a new stake in Dollar Tree in the 4th quarter worth approximately $26,000. United Community Bank purchased a new stake in shares of Dollar Tree in the fourth quarter valued at $27,000. Register Financial Advisors LLC acquired a new position in Dollar Tree in the first quarter valued at $28,000. Mather Group LLC. lifted its position in Dollar Tree by 198.9% during the second 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. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Dollar Tree in the 2nd quarter worth about $37,000. 97.40% of the stock is currently owned by hedge funds and other 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.