Dollar Tree (DLTR) Shares Gap Down to $96.41

Dollar Tree, Inc. (NASDAQ:DLTR)’s share price gapped down before the market opened on Friday . The stock had previously closed at $98.81, but opened at $96.41. Dollar Tree shares last traded at $97.30, with a volume of 84971 shares traded.

Several brokerages have recently issued reports on DLTR. KeyCorp raised their target price on shares of Dollar Tree from $108.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday, October 17th. Gordon Haskett cut shares of Dollar Tree from an “accumulate” rating to a “hold” rating in a report on Monday, October 15th. ValuEngine upgraded shares of Dollar Tree from a “sell” rating to a “hold” rating in a report on Wednesday, October 24th. Morgan Stanley reiterated a “hold” rating on shares of Dollar Tree in a report on Sunday, December 2nd. Finally, FIX cut shares of Dollar Tree from an “outperform” rating to a “market perform” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $100.96.

The firm has a market capitalization of $23.12 billion, a PE ratio of 20.00, a P/E/G ratio of 1.30 and a beta of 0.50. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.22 and a quick ratio of 0.48.



Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Thursday, November 29th. The company reported $1.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.03. Dollar Tree had a return on equity of 17.11% and a net margin of 7.64%. The business had revenue of $5.54 billion for the quarter, compared to analysts’ expectations of $5.55 billion. During the same period in the prior year, the firm earned $1.01 EPS. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. Analysts predict that Dollar Tree, Inc. will post 5.45 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in DLTR. Cullinan Associates Inc. bought a new position in shares of Dollar Tree during the 4th quarter worth $614,000. Cerebellum GP LLC boosted its position in Dollar Tree by 19.5% during the fourth quarter. Cerebellum GP LLC now owns 2,580 shares of the company’s stock valued at $233,000 after purchasing an additional 421 shares in the last quarter. Boltwood Capital Management boosted its position in Dollar Tree by 1.1% during the fourth quarter. Boltwood Capital Management now owns 9,635 shares of the company’s stock valued at $870,000 after purchasing an additional 105 shares in the last quarter. Indiana Trust & Investment Management CO boosted its position in Dollar Tree by 4.8% during the fourth quarter. Indiana Trust & Investment Management CO now owns 3,063 shares of the company’s stock valued at $277,000 after purchasing an additional 140 shares in the last quarter. Finally, Fulton Bank N.A. boosted its position in Dollar Tree by 15.6% during the fourth quarter. Fulton Bank N.A. now owns 3,026 shares of the company’s stock valued at $273,000 after purchasing an additional 409 shares in the last quarter. Institutional investors own 92.04% of the company’s stock.

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About Dollar Tree (NASDAQ:DLTR)

Dollar Tree, Inc operates discount variety retail stores in the United States and Canada. It operates through two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care products, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; various merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods, which include Valentine's Day, Easter, Halloween, and Christmas merchandise.

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