Dollar Tree (NASDAQ:DLTR) Shares Gap Down - What's Next?

Dollar Tree, Inc. (NASDAQ:DLTR - Get Free Report)'s share price gapped down prior to trading on Wednesday . The stock had previously closed at $96.72, but opened at $90.93. Dollar Tree shares last traded at $87.19, with a volume of 4,010,989 shares.

Analyst Upgrades and Downgrades

Several research firms have commented on DLTR. Sanford C. Bernstein set a $82.00 target price on shares of Dollar Tree and gave the company a "market perform" rating in a report on Monday, May 5th. Guggenheim reissued a "buy" rating and issued a $100.00 target price on shares of Dollar Tree in a report on Thursday. BMO Capital Markets raised their target price on shares of Dollar Tree from $80.00 to $85.00 and gave the company a "market perform" rating in a report on Thursday. Evercore ISI raised their target price on shares of Dollar Tree from $86.00 to $92.00 and gave the company an "in-line" rating in a report on Thursday. Finally, Loop Capital reissued a "hold" rating on shares of Dollar Tree in a report on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $90.26.

Dollar Tree Stock Up 9.1%

The stock has a market cap of $20.79 billion, a price-to-earnings ratio of -20.27, a P/E/G ratio of 2.16 and a beta of 0.84. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32. The stock's 50-day moving average price is $81.67 and its 200-day moving average price is $74.92.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its quarterly earnings results on Wednesday, June 4th. The company reported $1.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.21 by $0.05. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The firm had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.52 billion. During the same quarter in the previous year, the company earned $1.43 EPS. The company's revenue for the quarter was up 11.3% on a year-over-year basis. On average, sell-side analysts expect that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Insider Activity at Dollar Tree

In other Dollar Tree news, CAO Aditya Maheshwari sold 1,238 shares of the business's stock in a transaction on Monday, April 14th. The shares were sold at an average price of $74.70, for a total transaction of $92,478.60. Following the completion of the sale, the chief accounting officer now owns 4,231 shares in the company, valued at approximately $316,055.70. The trade was a 22.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director William W. Douglas III purchased 701 shares of the firm's stock in a transaction on Wednesday, April 2nd. The shares were acquired at an average price of $75.00 per share, with a total value of $52,575.00. Following the purchase, the director now directly owns 1,377 shares in the company, valued at $103,275. This represents a 103.70% increase in their position. The disclosure for this purchase can be found here. 6.60% of the stock is owned by corporate insiders.

Institutional Trading of Dollar Tree

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Horizon Investments LLC lifted its holdings in Dollar Tree by 5.1% in the first quarter. Horizon Investments LLC now owns 2,905 shares of the company's stock worth $218,000 after buying an additional 140 shares during the period. Assetmark Inc. grew its holdings in shares of Dollar Tree by 74.1% during the 4th quarter. Assetmark Inc. now owns 350 shares of the company's stock worth $26,000 after acquiring an additional 149 shares during the period. Deseret Mutual Benefit Administrators raised its position in shares of Dollar Tree by 20.9% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 907 shares of the company's stock worth $68,000 after acquiring an additional 157 shares in the last quarter. Brooklyn Investment Group raised its position in shares of Dollar Tree by 79.0% in the 1st quarter. Brooklyn Investment Group now owns 358 shares of the company's stock worth $27,000 after acquiring an additional 158 shares in the last quarter. Finally, Private Trust Co. NA raised its position in shares of Dollar Tree by 11.6% in the 1st quarter. Private Trust Co. NA now owns 1,527 shares of the company's stock worth $115,000 after acquiring an additional 159 shares in the last quarter. Institutional investors own 97.40% of the company's stock.

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.