Dollar Tree (NASDAQ:DLTR) Sees Large Volume Increase

Shares of Dollar Tree, Inc. (NASDAQ:DLTR - Get Free Report) saw unusually-high trading volume on Friday . Approximately 1,210,347 shares changed hands during trading, a decline of 57% from the previous session's volume of 2,842,533 shares.The stock last traded at $129.36 and had previously closed at $130.25.

Analyst Ratings Changes

DLTR has been the topic of several research reports. Oppenheimer restated a "market perform" rating on shares of Dollar Tree in a report on Monday, March 4th. Truist Financial reduced their target price on Dollar Tree from $149.00 to $147.00 and set a "buy" rating on the stock in a report on Thursday, March 14th. Loop Capital reduced their target price on Dollar Tree from $195.00 to $170.00 and set a "buy" rating on the stock in a report on Thursday, March 14th. Guggenheim upped their target price on Dollar Tree from $155.00 to $170.00 and gave the company a "buy" rating in a report on Tuesday, March 5th. Finally, Wells Fargo & Company upped their target price on Dollar Tree from $160.00 to $180.00 and gave the company an "overweight" rating in a report on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $149.80.

Dollar Tree Trading Down 3.9 %

The business has a fifty day moving average of $137.62 and a 200-day moving average of $127.73. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 1.31. The company has a market capitalization of $27.29 billion, a P/E ratio of -27.10, a PEG ratio of 1.21 and a beta of 0.90.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its earnings results on Wednesday, March 13th. The company reported $2.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.67 by ($0.12). Dollar Tree had a positive return on equity of 15.11% and a negative net margin of 3.26%. The firm had revenue of $8.63 billion during the quarter, compared to the consensus estimate of $8.66 billion. During the same quarter in the prior year, the business earned $2.04 earnings per share. Dollar Tree's revenue for the quarter was up 11.9% on a year-over-year basis. Analysts anticipate that Dollar Tree, Inc. will post 6.91 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Daniel J. Heinrich acquired 1,000 shares of the firm's stock in a transaction that occurred on Monday, March 18th. The stock was bought at an average price of $127.85 per share, with a total value of $127,850.00. Following the acquisition, the director now owns 6,225 shares in the company, valued at approximately $795,866.25. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Dollar Tree news, CFO Jeffrey A. Davis purchased 1,800 shares of the company's stock in a transaction dated Monday, April 1st. The stock was purchased at an average price of $136.00 per share, for a total transaction of $244,800.00. Following the transaction, the chief financial officer now owns 19,047 shares in the company, valued at approximately $2,590,392. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Daniel J. Heinrich purchased 1,000 shares of the company's stock in a transaction dated Monday, March 18th. The shares were acquired at an average price of $127.85 per share, with a total value of $127,850.00. Following the transaction, the director now owns 6,225 shares in the company, valued at approximately $795,866.25. The disclosure for this purchase can be found here. Insiders own 6.00% of the company's stock.

Institutional Trading of Dollar Tree

A number of hedge funds have recently bought and sold shares of DLTR. Annis Gardner Whiting Capital Advisors LLC purchased a new position in Dollar Tree in the 3rd quarter worth approximately $26,000. ICA Group Wealth Management LLC purchased a new position in Dollar Tree in the 4th quarter worth approximately $26,000. Main Street Group LTD purchased a new position in Dollar Tree in the 4th quarter worth approximately $26,000. United Community Bank purchased a new position in Dollar Tree in the 4th quarter worth approximately $27,000. Finally, Farther Finance Advisors LLC increased its stake in Dollar Tree by 111.1% in the 2nd quarter. Farther Finance Advisors LLC now owns 228 shares of the company's stock worth $33,000 after purchasing an additional 120 shares during the period. Institutional investors own 97.40% of the company's stock.

Dollar Tree Company Profile

Dollar Tree, Inc operates discount variety retail 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.