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

Dollar Tree, Inc. (NASDAQ:DLTR) shares hit a new 52-week low 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.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. BMO Capital Markets downgraded shares of Dollar Tree from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $130.00 to $68.00 in a report on Thursday, September 5th. JPMorgan Chase & Co. lifted their price objective on shares of Dollar Tree from $70.00 to $82.00 and gave the stock a “neutral” rating in a research report on Tuesday. Piper Sandler reduced their price objective on shares of Dollar Tree from $112.00 to $67.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Barclays reduced their price objective on shares of Dollar Tree from $128.00 to $81.00 and set an “equal weight” rating for the company in a research report on Thursday, September 5th. Finally, Wells Fargo & Company reduced their price objective on shares of Dollar Tree from $130.00 to $100.00 and set an “overweight” rating for the company in a research report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $88.11.

Dollar Tree Price Performance

The company’s 50-day moving average is $69.76 and its two-hundred day moving average is $95.00. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.02 and a quick ratio of 0.17. The firm has a market cap of $13.42 billion, a P/E ratio of -12.79, a PEG ratio of 2.82 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Wednesday, September 4th. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.37). The firm had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.49 billion. Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. The company’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.91 EPS. Sell-side analysts anticipate that Dollar Tree, Inc. will post 5.33 EPS for the current fiscal year.

Insiders Place Their Bets

In other Dollar Tree news, Director Daniel J. Heinrich bought 2,200 shares of the stock in a transaction on Friday, September 6th. The stock was purchased at an average price of $68.27 per share, with a total value of $150,194.00. Following the completion of the purchase, the director now owns 9,823 shares in the company, valued at $670,616.21. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Primecap Management Co. CA increased its position in Dollar Tree by 50.0% during the 2nd quarter. Primecap Management Co. CA now owns 2,872,460 shares of the company’s stock valued at $306,693,000 after purchasing an additional 957,275 shares during the period. Canada Pension Plan Investment Board increased its position in Dollar Tree by 14.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 2,837,433 shares of the company’s stock valued at $377,804,000 after purchasing an additional 348,442 shares during the period. Dimensional Fund Advisors LP increased its position in Dollar Tree by 5.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,492,814 shares of the company’s stock valued at $266,124,000 after purchasing an additional 138,042 shares during the period. American Century Companies Inc. increased its position in Dollar Tree by 6.6% during the 2nd quarter. American Century Companies Inc. now owns 2,003,910 shares of the company’s stock valued at $213,958,000 after purchasing an additional 124,021 shares during the period. Finally, Burgundy Asset Management Ltd. increased its position in Dollar Tree by 0.7% during the 1st quarter. Burgundy Asset Management Ltd. now owns 1,851,494 shares of the company’s stock valued at $246,526,000 after purchasing an additional 12,845 shares during the period. Institutional investors and hedge funds 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.