Dollar Tree (NASDAQ:DLTR) Shares Up 1%

Dollar Tree, Inc. (NASDAQ:DLTRGet Rating) shot up 1% during trading on Friday . The stock traded as high as $140.74 and last traded at $140.66. 10,029 shares were traded during trading, a decline of 100% from the average session volume of 3,534,487 shares. The stock had previously closed at $139.33.

Analyst Upgrades and Downgrades

DLTR has been the subject of several research analyst reports. BMO Capital Markets upped their target price on shares of Dollar Tree from $180.00 to $187.00 in a report on Friday, May 27th. Morgan Stanley lowered their target price on shares of Dollar Tree from $160.00 to $145.00 and set an “equal weight” rating for the company in a report on Friday, August 26th. TheStreet cut shares of Dollar Tree from a “b” rating to a “c+” rating in a report on Tuesday, September 13th. StockNews.com downgraded shares of Dollar Tree from a “buy” rating to a “hold” rating in a research report on Friday, August 26th. Finally, Piper Sandler reduced their price target on shares of Dollar Tree from $191.00 to $167.00 and set an “overweight” rating for the company in a research report on Friday, August 26th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $163.47.

Dollar Tree Price Performance

The stock’s fifty day moving average price is $155.62 and its 200-day moving average price is $157.42. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.22 and a current ratio of 1.46. The firm has a market cap of $31.48 billion, a PE ratio of 20.08, a P/E/G ratio of 1.23 and a beta of 0.74.

Dollar Tree (NASDAQ:DLTRGet Rating) last announced its quarterly earnings results on Thursday, August 25th. The company reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.01. The business had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.80 billion. Dollar Tree had a net margin of 5.77% and a return on equity of 19.83%. The business’s revenue was up 6.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.23 EPS. As a group, equities analysts forecast that Dollar Tree, Inc. will post 7.27 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Mantle Ridge LP raised its stake in shares of Dollar Tree by 11,365,431.0% during the first quarter. Mantle Ridge LP now owns 11,365,531 shares of the company’s stock valued at $1,820,190,000 after purchasing an additional 11,365,431 shares during the period. Capital World Investors purchased a new stake in shares of Dollar Tree during the fourth quarter valued at approximately $553,637,000. Winslow Capital Management LLC purchased a new stake in shares of Dollar Tree during the first quarter valued at approximately $428,709,000. Canada Pension Plan Investment Board raised its stake in shares of Dollar Tree by 161.3% during the fourth quarter. Canada Pension Plan Investment Board now owns 4,318,151 shares of the company’s stock valued at $606,787,000 after purchasing an additional 2,665,651 shares during the period. Finally, Norges Bank purchased a new stake in shares of Dollar Tree during the fourth quarter valued at approximately $329,472,000. 95.04% of the stock is currently owned by hedge funds and other institutional investors.

Dollar Tree Company Profile

(Get Rating)

Dollar Tree, Inc operates discount variety retail stores. It 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, including candy and food, and health and personal care, as well as everyday consumables, such as household paper and chemicals, 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.

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