Dollar Tree (NASDAQ:DLTR) Sees Large Volume Increase – Here’s Why

Shares of Dollar Tree, Inc. (NASDAQ:DLTR) saw an uptick in trading volume on Wednesday . 4,965,113 shares traded hands during mid-day trading, an increase of 46% from the previous session’s volume of 3,392,155 shares.The stock last traded at $70.24 and had previously closed at $67.14.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DLTR. Citigroup upped their price objective on Dollar Tree from $64.00 to $76.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $75.00 price target on shares of Dollar Tree in a research report on Thursday, March 6th. StockNews.com raised shares of Dollar Tree from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th. Guggenheim dropped their target price on shares of Dollar Tree from $120.00 to $100.00 and set a “buy” rating on the stock in a report on Friday, December 6th. Finally, Jefferies Financial Group lifted their price target on Dollar Tree from $70.00 to $75.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Sixteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $83.89.

Dollar Tree Stock Performance

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 simple moving average is $71.06 and its 200-day simple moving average is $70.13. The stock has a market cap of $14.85 billion, a price-to-earnings ratio of -14.48, a price-to-earnings-growth ratio of 2.16 and a beta of 0.91.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Wednesday, March 26th. The company reported $2.11 EPS for the quarter, missing analysts’ consensus estimates of $2.18 by ($0.07). The company had revenue of $5 billion during the quarter, compared to analyst estimates of $8.23 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period last year, the firm earned $2.55 EPS. Analysts forecast that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of DLTR. 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 valued at $26,000 after purchasing an additional 149 shares during the last quarter. Bessemer Group Inc. increased its holdings in shares of Dollar Tree by 34,600.0% during the fourth quarter. Bessemer Group Inc. now owns 347 shares of the company’s stock worth $26,000 after buying an additional 346 shares in the last quarter. Versant Capital Management Inc bought a new position in shares of Dollar Tree in the 4th quarter valued at $30,000. Parkside Financial Bank & Trust boosted its stake in shares of Dollar Tree by 120.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 424 shares of the company’s stock valued at $32,000 after purchasing an additional 232 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in shares of Dollar Tree by 91.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock worth $33,000 after purchasing an additional 210 shares during the last quarter. Institutional investors own 97.40% of the company’s stock.

Dollar Tree Company Profile

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.