Dollar Tree (NASDAQ:DLTR) Stock Price Down 4.1% – Time to Sell?

Dollar Tree, Inc. (NASDAQ:DLTR)’s stock price fell 4.1% during trading on Friday . The stock traded as low as $73.07 and last traded at $73.36. 1,488,584 shares were traded during trading, a decline of 34% from the average session volume of 2,250,613 shares. The stock had previously closed at $76.47.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on DLTR. Barclays cut their target price on shares of Dollar Tree from $128.00 to $81.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 5th. Morgan Stanley dropped their price target on Dollar Tree from $130.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 5th. StockNews.com upgraded shares of Dollar Tree from a “sell” rating to a “hold” rating in a research note on Thursday, December 5th. Jefferies Financial Group raised their price objective 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, Sanford C. Bernstein began coverage on shares of Dollar Tree in a research note on Tuesday, October 22nd. They issued a “market perform” rating and a $76.00 price objective for the company. Seventeen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Dollar Tree currently has a consensus rating of “Hold” and a consensus target price of $85.58.

Dollar Tree Stock Performance

The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. The firm has a market cap of $15.66 billion, a P/E ratio of -15.27, a price-to-earnings-growth ratio of 2.28 and a beta of 0.92. The firm’s fifty day moving average price is $69.14 and its 200 day moving average price is $81.81.

Dollar Tree (NASDAQ:DLTR) last released its 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 firm had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $7.45 billion. During the same quarter in the previous year, the company posted $0.97 earnings per share. The company’s revenue was up 3.5% compared to the same quarter last year. Sell-side analysts expect that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Institutional Trading of Dollar Tree

A number of hedge funds and other institutional investors have recently made changes to their positions in DLTR. Van ECK Associates Corp lifted its position in shares of Dollar Tree by 8.6% during the 2nd quarter. Van ECK Associates Corp now owns 24,600 shares of the company’s stock valued at $2,627,000 after acquiring an additional 1,952 shares during the period. TIAA Trust National Association lifted its position in shares of Dollar Tree by 14.9% during the second quarter. TIAA Trust National Association now owns 2,130 shares of the company’s stock worth $227,000 after purchasing an additional 276 shares in the last quarter. Legacy Capital Wealth Partners LLC acquired a new stake in Dollar Tree in the second quarter valued at $273,000. Pzena Investment Management LLC raised its holdings in shares of Dollar Tree by 39.9% during the second quarter. Pzena Investment Management LLC now owns 2,727 shares of the company’s stock worth $291,000 after purchasing an additional 778 shares during the period. Finally, Strategy Asset Managers LLC bought a new position in shares of Dollar Tree during the second quarter worth about $549,000. Institutional investors and hedge funds 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.