Dollar Tree (NASDAQ:DLTR) Shares Gap Down – What’s Next?

Dollar Tree, Inc. (NASDAQ:DLTR) gapped down before the market opened on Thursday . The stock had previously closed at $77.57, but opened at $68.55. Dollar Tree shares last traded at $69.91, with a volume of 3,208,722 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on DLTR shares. Truist Financial set a $84.00 target price on Dollar Tree in a research note on Thursday, March 27th. Guggenheim cut their price objective on shares of Dollar Tree from $100.00 to $95.00 and set a “buy” rating for the company in a report on Friday, March 28th. UBS Group lowered their target price 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. Wells Fargo & Company raised their target price on Dollar Tree from $85.00 to $90.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, Loop Capital reiterated a “hold” rating on shares of Dollar Tree in a research report on Thursday, March 27th. Fifteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Dollar Tree has a consensus rating of “Hold” and an average target price of $81.00.

Dollar Tree Stock Up 0.5 %

The firm’s fifty day moving average is $71.19 and its 200-day moving average is $70.36. The stock has a market capitalization of $14.53 billion, a PE ratio of -14.16, a PEG ratio of 2.16 and a beta of 0.87. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $5 billion for the quarter, compared to analysts’ expectations of $8.23 billion. During the same period last year, the company posted $2.55 earnings per share. The business’s quarterly revenue was up .7% on a year-over-year basis. On average, equities research analysts predict that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Insider Transactions at Dollar Tree

In other news, Director William W. Douglas III acquired 701 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The stock was acquired at an average price of $75.00 per share, with a total value of $52,575.00. Following the completion of the transaction, the director now directly owns 1,377 shares in the company, valued at approximately $103,275. This represents a 103.70 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 6.80% of the company’s stock.

Institutional Trading of Dollar Tree

A number of institutional investors and hedge funds have recently made changes to their positions in DLTR. Investment Management Corp of Ontario raised its holdings in Dollar Tree by 42.4% in the third quarter. Investment Management Corp of Ontario now owns 6,719 shares of the company’s stock valued at $472,000 after buying an additional 2,000 shares during the period. Quadrature Capital Ltd raised its stake in shares of Dollar Tree by 831.1% in the 3rd quarter. Quadrature Capital Ltd now owns 69,499 shares of the company’s stock valued at $4,887,000 after acquiring an additional 62,035 shares during the period. Stifel Financial Corp lifted its holdings in shares of Dollar Tree by 23.0% during the 3rd quarter. Stifel Financial Corp now owns 117,648 shares of the company’s stock valued at $8,273,000 after acquiring an additional 21,985 shares in the last quarter. State Street Corp boosted its position in Dollar Tree by 6.8% during the 3rd quarter. State Street Corp now owns 9,427,910 shares of the company’s stock worth $662,971,000 after purchasing an additional 596,191 shares during the period. Finally, Wahed Invest LLC increased its holdings in Dollar Tree by 10.2% in the 3rd quarter. Wahed Invest LLC now owns 4,908 shares of the company’s stock valued at $345,000 after purchasing an additional 455 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

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.