Dollar Tree (NASDAQ:DLTR) Stock Price Down 6.4% – What’s Next?

Shares of Dollar Tree, Inc. (NASDAQ:DLTR) were down 6.4% during trading on Monday . The company traded as low as $96.57 and last traded at $97.0730. Approximately 3,077,998 shares were traded during mid-day trading, a decline of 2% from the average daily volume of 3,154,314 shares. The stock had previously closed at $103.75.

Analysts Set New Price Targets

Several analysts recently issued reports on DLTR shares. BMO Capital Markets reiterated an “underperform” rating on shares of Dollar Tree in a report on Tuesday, March 17th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $126.00 target price on shares of Dollar Tree in a research report on Thursday, January 8th. Barclays reissued an “overweight” rating on shares of Dollar Tree in a report on Monday, March 16th. BTIG Research restated a “neutral” rating on shares of Dollar Tree in a report on Monday, March 9th. Finally, Citigroup cut their target price on Dollar Tree from $132.00 to $125.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 17th. Eight research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $122.76.

Dollar Tree Stock Down 2.6%

The firm has a market cap of $18.88 billion, a P/E ratio of 15.31, a PEG ratio of 1.23 and a beta of 0.74. The firm’s 50-day moving average price is $110.62 and its 200 day moving average price is $114.64. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.07 and a quick ratio of 0.29.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Monday, March 16th. The company reported $2.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.53 by $0.03. The firm had revenue of $5.45 billion for the quarter, compared to analysts’ expectations of $5.46 billion. Dollar Tree had a return on equity of 32.24% and a net margin of 6.61%.Dollar Tree’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.11 earnings per share. On average, equities research analysts expect that Dollar Tree, Inc. will post 6.75 earnings per share for the current fiscal year.

Institutional Trading of Dollar Tree

Several institutional investors have recently added to or reduced their stakes in DLTR. Cullen Frost Bankers Inc. acquired a new position in shares of Dollar Tree in the 4th quarter valued at about $25,000. Reflection Asset Management acquired a new position in Dollar Tree in the fourth quarter valued at approximately $25,000. Covestor Ltd boosted its stake in Dollar Tree by 60.9% in the fourth quarter. Covestor Ltd now owns 222 shares of the company’s stock valued at $27,000 after acquiring an additional 84 shares during the period. Root Financial Partners LLC bought a new position in shares of Dollar Tree during the third quarter valued at approximately $29,000. Finally, YANKCOM Partnership acquired a new stake in shares of Dollar Tree during the 4th quarter worth approximately $31,000. Institutional investors own 97.40% of the company’s stock.

Dollar Tree Company Profile

Dollar Tree, Inc is a North American discount retailer that operates a portfolio of value-oriented store banners, primarily Dollar Tree and Family Dollar. The company’s stores offer a broad assortment of everyday items at low price points, including household essentials, food and snacks, health and beauty products, cleaning supplies, seasonal and party goods, home décor, and basic apparel. Dollar Tree’s merchandising strategy emphasizes high-turnover branded and private-label merchandise tailored to budget-conscious consumers, with Family Dollar complementing the chain by offering a wider range of price points and assortment depth in smaller-format neighborhood locations.

Founded in 1986 and headquartered in Chesapeake, Virginia, Dollar Tree has grown through both organic store openings and acquisitions.