Dollar Tree (NASDAQ:DLTR) Sees Large Volume Increase – Should You Buy?

Dollar Tree, Inc. (NASDAQ:DLTR) shares saw an uptick in trading volume on Thursday . 7,182,715 shares were traded during trading, an increase of 160% from the previous session’s volume of 2,764,956 shares.The stock last traded at $75.96 and had previously closed at $75.62.

Analyst Ratings Changes

DLTR has been the subject of several recent research reports. KeyCorp downgraded Dollar Tree from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 7th. Piper Sandler restated a “neutral” rating and issued a $72.00 price objective (up from $67.00) on shares of Dollar Tree in a report on Thursday, December 5th. Jefferies Financial Group upped their price target on Dollar Tree from $70.00 to $75.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th. StockNews.com raised Dollar Tree from a “sell” rating to a “hold” rating in a research note on Thursday, December 5th. Finally, Evercore ISI cut their price objective on Dollar Tree from $94.00 to $92.00 and set an “in-line” rating on the stock in a research note on Tuesday, December 3rd. Seventeen analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $85.58.

Dollar Tree Trading Up 0.0 %

The business has a 50 day moving average of $72.93 and a two-hundred day moving average of $73.93. The firm has a market capitalization of $16.26 billion, a price-to-earnings ratio of -15.86, a P/E/G ratio of 2.11 and a beta of 0.89. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Wednesday, December 4th. The company reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.05. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The company had revenue of $7.57 billion for the quarter, compared to analyst estimates of $7.45 billion. During the same period in the prior year, the firm earned $0.97 earnings per share. Dollar Tree’s revenue for the quarter was up 3.5% on a year-over-year basis. Equities analysts predict that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Empower Advisory Group LLC increased its holdings in Dollar Tree by 41.3% during the 3rd quarter. Empower Advisory Group LLC now owns 659,747 shares of the company’s stock worth $46,393,000 after purchasing an additional 192,754 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of Dollar Tree by 374.4% during the third quarter. Farther Finance Advisors LLC now owns 2,277 shares of the company’s stock valued at $160,000 after buying an additional 1,797 shares during the last quarter. Equity Investment Corp grew its stake in shares of Dollar Tree by 95.9% in the 3rd quarter. Equity Investment Corp now owns 1,525,374 shares of the company’s stock worth $107,264,000 after acquiring an additional 746,913 shares in the last quarter. Forest Avenue Capital Management LP purchased a new stake in Dollar Tree in the 3rd quarter valued at about $19,591,000. Finally, Anthracite Investment Company Inc. bought a new stake in Dollar Tree during the third quarter worth $2,813,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

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.