Dollar Tree (NASDAQ:DLTR) Shares Up 4.6% – Should You Buy?

Dollar Tree, Inc. (NASDAQ:DLTR) was up 4.6% during mid-day trading on Thursday . The stock traded as high as $76.69 and last traded at $76.56. Approximately 762,800 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 3,891,083 shares. The stock had previously closed at $73.21.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Wells Fargo & Company boosted their price objective on Dollar Tree from $85.00 to $90.00 and gave the company an “overweight” rating in a research report on Tuesday, April 1st. Loop Capital restated a “hold” rating on shares of Dollar Tree in a research report on Thursday, March 27th. Guggenheim dropped their price objective on shares of Dollar Tree from $100.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, March 28th. Evercore ISI boosted their target price on shares of Dollar Tree from $79.00 to $85.00 and gave the company an “in-line” rating in a research note on Thursday, March 27th. Finally, Telsey Advisory Group raised their price target on shares of Dollar Tree from $75.00 to $82.00 and gave the company a “market perform” rating in a research note on Thursday, March 27th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Dollar Tree presently has a consensus rating of “Hold” and an average price target of $81.84.

Dollar Tree Stock Up 8.1 %

The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. The stock’s fifty day simple moving average is $71.05 and its two-hundred day simple moving average is $70.45. The company has a market capitalization of $17.02 billion, a price-to-earnings ratio of -16.59, a P/E/G ratio of 2.16 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Wednesday, March 26th. The company reported $2.11 EPS for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.09). The business had revenue of $5 billion during the quarter, compared to the consensus estimate of $8.23 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.55 earnings per share. On average, sell-side analysts anticipate that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Insider Transactions at Dollar Tree

In other news, Director William W. Douglas III acquired 701 shares of Dollar Tree stock in a transaction on Wednesday, April 2nd. The stock was bought at an average cost of $75.00 per share, with a total value of $52,575.00. Following the completion of the purchase, the director now owns 1,377 shares of the company’s stock, valued at $103,275. This represents a 103.70 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Aditya Maheshwari sold 1,238 shares of Dollar Tree stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $74.70, for a total transaction of $92,478.60. Following the completion of the transaction, the chief accounting officer now directly owns 4,231 shares in the company, valued at approximately $316,055.70. This trade represents a 22.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Dollar Tree

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Empower Advisory Group LLC lifted its holdings in shares of Dollar Tree by 15.3% in the fourth quarter. Empower Advisory Group LLC now owns 760,423 shares of the company’s stock valued at $56,986,000 after purchasing an additional 100,676 shares in the last quarter. Pzena Investment Management LLC acquired a new stake in Dollar Tree during the 4th quarter worth about $520,000. Strategic Wealth Investment Group LLC purchased a new position in Dollar Tree during the 4th quarter valued at about $448,000. Intrepid Capital Management Inc. increased its holdings in shares of Dollar Tree by 103.6% in the 4th quarter. Intrepid Capital Management Inc. now owns 27,026 shares of the company’s stock valued at $2,025,000 after purchasing an additional 13,751 shares during the period. Finally, Alberta Investment Management Corp lifted its position in shares of Dollar Tree by 253.2% in the fourth quarter. Alberta Investment Management Corp now owns 93,600 shares of the company’s stock worth $7,014,000 after purchasing an additional 67,100 shares in the last quarter. Institutional investors and hedge funds 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.