Dollar Tree (NASDAQ:DLTR) Sees Unusually-High Trading Volume

Dollar Tree, Inc. (NASDAQ:DLTR) saw unusually-strong trading volume on Thursday . Approximately 2,059,531 shares traded hands during mid-day trading, a decline of 30% from the previous session’s volume of 2,941,801 shares.The stock last traded at $62.63 and had previously closed at $63.56.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Morgan Stanley decreased their price target on Dollar Tree from $130.00 to $80.00 and set an “equal weight” rating for the company in a report on Thursday. KeyCorp decreased their target price on shares of Dollar Tree from $145.00 to $84.00 and set an “overweight” rating for the company in a research note on Thursday. Citigroup dropped their price target on shares of Dollar Tree from $120.00 to $64.00 and set a “neutral” rating on the stock in a research report on Thursday. BMO Capital Markets downgraded shares of Dollar Tree from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $130.00 to $68.00 in a research report on Thursday. Finally, Wells Fargo & Company lowered their target price on shares of Dollar Tree from $130.00 to $100.00 and set an “overweight” rating on the stock in a research note on Thursday. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $95.00.

Dollar Tree Stock Down 2.9 %

The company has a debt-to-equity ratio of 0.47, a current ratio of 1.28 and a quick ratio of 0.23. The stock has a market capitalization of $14.29 billion, a price-to-earnings ratio of -14.49, a PEG ratio of 0.93 and a beta of 0.87. The business has a fifty day moving average of $97.85 and a 200 day moving average of $115.16.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results 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 positive return on equity of 15.67% and a negative net margin of 3.23%. The firm had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.49 billion. During the same quarter last year, the company earned $0.91 earnings per share. The firm’s revenue for the quarter was up .7% on a year-over-year basis. As a group, equities analysts predict that Dollar Tree, Inc. will post 6.46 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Robert Aflatooni sold 827 shares of the firm’s stock in a transaction that occurred on 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 filing with the SEC, which can be accessed through this hyperlink. 6.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Benjamin F. Edwards & Company Inc. grew its stake in Dollar Tree by 6.6% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,987 shares of the company’s stock worth $282,000 after buying an additional 123 shares during the last quarter. M&T Bank Corp grew its position in shares of Dollar Tree by 7.5% during the fourth quarter. M&T Bank Corp now owns 12,010 shares of the company’s stock worth $1,706,000 after acquiring an additional 838 shares during the last quarter. Private Advisor Group LLC increased its holdings in shares of Dollar Tree by 29.6% in the 4th quarter. Private Advisor Group LLC now owns 7,780 shares of the company’s stock valued at $1,079,000 after acquiring an additional 1,775 shares during the period. Apollon Wealth Management LLC raised its position in Dollar Tree by 15.5% in the 4th quarter. Apollon Wealth Management LLC now owns 3,711 shares of the company’s stock valued at $527,000 after purchasing an additional 498 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Dollar Tree by 4.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,187,068 shares of the company’s stock worth $168,623,000 after purchasing an additional 48,281 shares during the period. Institutional investors and hedge funds 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.