Dollar Tree (NASDAQ:DLTR) Hits New 1-Year Low – Time to Sell?

Dollar Tree, Inc. (NASDAQ:DLTR)’s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $60.60 and last traded at $60.63, with a volume of 5949728 shares traded. The stock had previously closed at $66.77.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on DLTR. StockNews.com cut Dollar Tree from a “hold” rating to a “sell” rating in a report on Friday, September 6th. Redburn Atlantic upgraded Dollar Tree to a “hold” rating in a report on Monday, September 23rd. UBS Group cut their price target on Dollar Tree from $155.00 to $105.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Piper Sandler cut their price target on Dollar Tree from $112.00 to $67.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. Finally, Sanford C. Bernstein began coverage on Dollar Tree in a report on Tuesday, October 22nd. They set a “market perform” rating and a $76.00 price target on the stock. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $88.11.

Dollar Tree Price Performance

The firm has a market capitalization of $13.42 billion, a PE ratio of -12.79, a price-to-earnings-growth ratio of 2.82 and a beta of 0.87. The business has a 50-day moving average of $69.76 and a 200 day moving average of $95.00. The company has a current ratio of 1.02, a quick ratio of 0.17 and a debt-to-equity ratio of 0.33.

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). The company had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.49 billion. Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. The company’s quarterly revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.91 earnings per share. As a group, research analysts anticipate that Dollar Tree, Inc. will post 5.33 EPS for the current fiscal year.

Insider Activity

In other Dollar Tree news, Director Daniel J. Heinrich bought 2,200 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was purchased at an average cost of $68.27 per share, with a total value of $150,194.00. Following the transaction, the director now directly owns 9,823 shares in the company, valued at $670,616.21. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Dollar Tree

Several large investors have recently made changes to their positions in DLTR. Janney Montgomery Scott LLC increased its position in shares of Dollar Tree by 8.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 47,175 shares of the company’s stock valued at $6,281,000 after purchasing an additional 3,504 shares during the last quarter. Nordea Investment Management AB raised its position in shares of Dollar Tree by 18.5% in the first quarter. Nordea Investment Management AB now owns 17,633 shares of the company’s stock valued at $2,348,000 after purchasing an additional 2,759 shares during the period. Mittelman Wealth Management bought a new stake in shares of Dollar Tree in the first quarter valued at approximately $1,133,000. Duality Advisers LP purchased a new stake in shares of Dollar Tree during the 1st quarter valued at approximately $830,000. Finally, Empirical Finance LLC boosted its holdings in Dollar Tree by 3.4% in the 1st quarter. Empirical Finance LLC now owns 7,791 shares of the company’s stock worth $1,037,000 after buying an additional 257 shares during the period. 97.40% of the stock is owned by hedge funds and other institutional investors.

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.