Dollar Tree (NASDAQ:DLTR) Shares Gap Up to $99.19

Dollar Tree, Inc. (NASDAQ:DLTR)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $99.19, but opened at $103.50. Dollar Tree shares last traded at $100.93, with a volume of 272,995 shares.

Analyst Ratings Changes

A number of research firms recently weighed in on DLTR. UBS Group dropped their price target on Dollar Tree from $170.00 to $155.00 and set a “buy” rating on the stock in a research note on Friday, June 28th. Morgan Stanley reduced their target price on Dollar Tree from $135.00 to $130.00 and set an “equal weight” rating on the stock in a report on Thursday, June 6th. BMO Capital Markets reduced their target price on Dollar Tree from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Thursday, June 6th. Evercore ISI raised their price objective on Dollar Tree from $136.00 to $137.00 and gave the company an “in-line” rating in a research note on Thursday, June 20th. Finally, Telsey Advisory Group reduced their price objective on Dollar Tree from $160.00 to $155.00 and set an “outperform” rating on the stock in a research note on Thursday, June 6th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $141.55.

Dollar Tree Price Performance

The company has a quick ratio of 0.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.47. The business’s 50-day moving average is $103.29 and its two-hundred day moving average is $119.82. The company has a market capitalization of $21.57 billion, a P/E ratio of -21.61, a price-to-earnings-growth ratio of 1.07 and a beta of 0.88.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Wednesday, June 5th. The company reported $1.43 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.43. The company had revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.63 billion. Dollar Tree had a positive return on equity of 15.67% and a negative net margin of 3.23%. Dollar Tree’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.47 earnings per share. As a group, analysts predict that Dollar Tree, Inc. will post 6.63 earnings per share for the current year.

Insider Buying and Selling

In other Dollar Tree news, insider Robert Aflatooni sold 827 shares of Dollar Tree stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $105.58, for a total value of $87,314.66. Following the sale, the insider now owns 9,725 shares of the company’s stock, valued at $1,026,765.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 6.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Capital International Investors grew its stake in Dollar Tree by 30.1% during the fourth quarter. Capital International Investors now owns 10,581,632 shares of the company’s stock valued at $1,503,123,000 after acquiring an additional 2,445,827 shares in the last quarter. Norges Bank purchased a new position in shares of Dollar Tree during the fourth quarter worth about $333,373,000. FIL Ltd increased its position in shares of Dollar Tree by 96.0% in the fourth quarter. FIL Ltd now owns 3,197,638 shares of the company’s stock worth $454,224,000 after purchasing an additional 1,566,392 shares during the last quarter. National Bank of Canada FI raised its stake in Dollar Tree by 223.4% in the first quarter. National Bank of Canada FI now owns 1,414,788 shares of the company’s stock valued at $188,379,000 after purchasing an additional 977,313 shares in the last quarter. Finally, Primecap Management Co. CA lifted its position in Dollar Tree by 50.0% during the second quarter. Primecap Management Co. CA now owns 2,872,460 shares of the company’s stock valued at $306,693,000 after purchasing an additional 957,275 shares during the last quarter. Institutional investors own 97.40% of the company’s stock.

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.