Dollar Tree (NASDAQ:DLTR) Shares Down 5.6% – Should You Sell?

Dollar Tree, Inc. (NASDAQ:DLTR)’s share price dropped 5.6% on Wednesday . The company traded as low as $62.76 and last traded at $62.02. Approximately 2,806,359 shares traded hands during trading, a decline of 19% from the average daily volume of 3,448,259 shares. The stock had previously closed at $65.69.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on DLTR shares. Evercore ISI lowered their price objective on shares of Dollar Tree from $94.00 to $92.00 and set an “in-line” rating on the stock in a research note on Tuesday, December 3rd. BMO Capital Markets increased their target price on shares of Dollar Tree from $65.00 to $70.00 and gave the company a “market perform” rating in a research note on Thursday, December 5th. Jefferies Financial Group boosted their price target on Dollar Tree from $70.00 to $75.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th. Citigroup lifted their price objective on Dollar Tree from $64.00 to $76.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. Finally, Guggenheim cut their target price on Dollar Tree from $120.00 to $100.00 and set a “buy” rating for the company in a research note on Friday, December 6th. Sixteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $84.79.

Dollar Tree Price Performance

The stock has a fifty day moving average of $72.63 and a 200-day moving average of $71.29. The firm has a market capitalization of $13.31 billion, a P/E ratio of -12.98, a PEG 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.

Hedge Funds Weigh In On Dollar Tree

A number of large investors have recently modified their holdings of DLTR. Assetmark Inc. raised its position in Dollar Tree by 74.1% in 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 last quarter. Bessemer Group Inc. lifted its stake in shares of Dollar Tree by 34,600.0% during the fourth quarter. Bessemer Group Inc. now owns 347 shares of the company’s stock valued at $26,000 after acquiring an additional 346 shares during the period. Versant Capital Management Inc bought a new position in Dollar Tree in the fourth quarter valued at about $30,000. Parkside Financial Bank & Trust increased its position in Dollar Tree by 120.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 424 shares of the company’s stock worth $32,000 after purchasing an additional 232 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its position in Dollar Tree by 91.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock valued at $33,000 after purchasing an additional 210 shares during the period. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Dollar Tree Company Profile

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.