Dollar Tree (NASDAQ:DLTR) Reaches New 12-Month Low – Here’s What Happened

Dollar Tree, Inc. (NASDAQ:DLTR) reached a new 52-week low on Tuesday . The stock traded as low as $60.49 and last traded at $61.13, with a volume of 726995 shares changing hands. The stock had previously closed at $61.21.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on DLTR shares. JPMorgan Chase & Co. raised their target price on shares of Dollar Tree from $70.00 to $82.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Redburn Atlantic upgraded Dollar Tree to a “hold” rating in a research report on Monday, September 23rd. BMO Capital Markets cut shares of Dollar Tree from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $130.00 to $68.00 in a research report on Thursday, September 5th. Barclays lowered their price target on Dollar Tree from $128.00 to $81.00 and set an “equal weight” rating for the company in a report on Thursday, September 5th. Finally, Piper Sandler decreased their price objective on Dollar Tree from $112.00 to $67.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. Sixteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Dollar Tree has a consensus rating of “Hold” and an average target price of $88.11.

Dollar Tree Trading Up 0.8 %

The firm’s 50 day simple moving average is $68.05 and its 200-day simple moving average is $92.93. The company has a quick ratio of 0.17, a current ratio of 1.02 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $14.12 billion, a PE ratio of -13.35, a P/E/G ratio of 2.63 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Wednesday, September 4th. The company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.37). Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. The company had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.49 billion. During the same quarter last year, the company earned $0.91 earnings per share. The company’s revenue was up .7% compared to the same quarter last year. As a group, equities research analysts anticipate that Dollar Tree, Inc. will post 5.34 EPS for the current year.

Insider Activity at Dollar Tree

In other news, Director Daniel J. Heinrich purchased 2,200 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were acquired at an average price of $68.27 per share, for a total transaction of $150,194.00. Following the completion of the acquisition, the director now directly owns 9,823 shares of the company’s stock, valued at $670,616.21. The trade was a 28.86 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 6.80% of the company’s stock.

Institutional Trading of Dollar Tree

Large investors have recently added to or reduced their stakes in the company. Primecap Management Co. CA raised its position in Dollar Tree by 5.5% during the third quarter. Primecap Management Co. CA now owns 3,030,845 shares of the company’s stock valued at $213,129,000 after buying an additional 158,385 shares during the period. Canada Pension Plan Investment Board lifted its position in shares of Dollar Tree by 14.0% in the first quarter. Canada Pension Plan Investment Board now owns 2,837,433 shares of the company’s stock worth $377,804,000 after purchasing an additional 348,442 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Dollar Tree by 5.9% during the second quarter. Dimensional Fund Advisors LP now owns 2,492,814 shares of the company’s stock valued at $266,124,000 after purchasing an additional 138,042 shares in the last quarter. American Century Companies Inc. grew its position in Dollar Tree by 6.6% during the second quarter. American Century Companies Inc. now owns 2,003,910 shares of the company’s stock valued at $213,958,000 after purchasing an additional 124,021 shares in the last quarter. Finally, Burgundy Asset Management Ltd. increased its stake in Dollar Tree by 0.7% in the 1st quarter. Burgundy Asset Management Ltd. now owns 1,851,494 shares of the company’s stock valued at $246,526,000 after buying an additional 12,845 shares during the period. 97.40% of the stock is 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.