Dollar Tree (NASDAQ:DLTR) Trading 3% Higher – What’s Next?

Shares of Dollar Tree, Inc. (NASDAQ:DLTR) rose 3% during mid-day trading on Monday . The stock traded as high as $74.56 and last traded at $74.91. Approximately 2,401,923 shares were traded during mid-day trading, a decline of 34% from the average daily volume of 3,622,804 shares. The stock had previously closed at $72.75.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Loop Capital reiterated a “hold” rating on shares of Dollar Tree in a research report on Thursday, March 27th. Guggenheim decreased their price objective on Dollar Tree from $100.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, March 28th. Evercore ISI raised their target price on shares of Dollar Tree from $79.00 to $85.00 and gave the company an “in-line” rating in a report on Thursday, March 27th. Telsey Advisory Group upped their price target on shares of Dollar Tree from $75.00 to $82.00 and gave the company a “market perform” rating in a research note on Thursday, March 27th. Finally, UBS Group lowered their price objective on shares of Dollar Tree from $105.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, March 21st. Sixteen research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $83.68.

Dollar Tree Stock Performance

The firm has a market cap of $16.20 billion, a PE ratio of -15.79, a price-to-earnings-growth ratio of 2.16 and a beta of 0.91. 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 business has a 50 day simple moving average of $71.26 and a two-hundred day simple moving average of $70.36.

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

Institutional Trading of Dollar Tree

Several institutional investors and hedge funds have recently modified their holdings of DLTR. Assetmark Inc. increased its holdings in Dollar Tree by 74.1% during the 4th quarter. Assetmark Inc. now owns 350 shares of the company’s stock worth $26,000 after purchasing an additional 149 shares during the period. Bessemer Group Inc. grew its position in shares of Dollar Tree by 34,600.0% during the 4th quarter. Bessemer Group Inc. now owns 347 shares of the company’s stock worth $26,000 after buying an additional 346 shares in the last quarter. Versant Capital Management Inc purchased a new position in shares of Dollar Tree during the fourth quarter valued at $30,000. Parkside Financial Bank & Trust raised its holdings in shares of Dollar Tree by 120.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 424 shares of the company’s stock valued at $32,000 after acquiring an additional 232 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in Dollar Tree by 91.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock worth $33,000 after acquiring an additional 210 shares during the period. 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.