Dollar Tree (NASDAQ:DLTR) Sees Unusually-High Trading Volume – What’s Next?

Shares of Dollar Tree, Inc. (NASDAQ:DLTR) saw unusually-strong trading volume on Wednesday . Approximately 4,965,113 shares were traded during mid-day trading, an increase of 46% from the previous session’s volume of 3,392,155 shares.The stock last traded at $70.24 and had previously closed at $67.14.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Evercore ISI raised their price objective on Dollar Tree from $79.00 to $85.00 and gave the company an “in-line” rating in a research report on Thursday. Citigroup raised their price target on Dollar Tree from $64.00 to $76.00 and gave the company a “neutral” rating in a report on Thursday, December 5th. UBS Group dropped their price target on shares of Dollar Tree from $105.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. Loop Capital restated a “hold” rating on shares of Dollar Tree in a research note on Thursday. Finally, Jefferies Financial Group upped their target price 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. Sixteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Dollar Tree currently has an average rating of “Hold” and an average target price of $83.68.

Dollar Tree Stock Performance

The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. The company has a market cap of $16.54 billion, a PE ratio of -16.13, a P/E/G ratio of 2.16 and a beta of 0.91. The business’s fifty day moving average is $71.15 and its 200-day moving average is $70.18.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Wednesday, March 26th. The company reported $2.11 EPS for the quarter, missing the consensus estimate of $2.20 by ($0.09). The company had revenue of $5 billion during the quarter, compared to the consensus estimate of $8.23 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The firm’s quarterly revenue was up .7% compared to the same quarter last year. During the same period last year, the business earned $2.55 EPS. As a group, research analysts predict that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Hedge Funds Weigh In On Dollar Tree

Hedge funds have recently made changes to their positions in the business. Kovitz Investment Group Partners LLC raised its position in shares of Dollar Tree by 382.7% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 6,524,870 shares of the company’s stock valued at $488,974,000 after buying an additional 5,173,238 shares during the last quarter. Marshall Wace LLP lifted its holdings in shares of Dollar Tree by 784.2% in the 4th quarter. Marshall Wace LLP now owns 4,377,366 shares of the company’s stock worth $328,040,000 after acquiring an additional 3,882,324 shares during the last quarter. Balyasny Asset Management L.P. boosted its position in shares of Dollar Tree by 2,489.9% during the fourth quarter. Balyasny Asset Management L.P. now owns 2,621,456 shares of the company’s stock valued at $196,452,000 after buying an additional 2,520,237 shares during the period. Norges Bank purchased a new position in Dollar Tree during the 4th quarter valued at $171,149,000. Finally, Capital International Investors grew its holdings in shares of Dollar Tree by 30.1% in the fourth quarter. Capital International Investors now owns 8,753,693 shares of the company’s stock worth $656,000,000 after purchasing an additional 2,023,819 shares during the last quarter. Institutional investors own 97.40% of the company’s stock.

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.