Dollar Tree (NASDAQ:DLTR) Hits New 12-Month Low on Disappointing Earnings

Dollar Tree, Inc. (NASDAQ:DLTR) hit a new 52-week low during mid-day trading on Wednesday following a weaker than expected earnings announcement. The company traded as low as $72.51 and last traded at $72.51, with a volume of 488510 shares trading hands. The stock had previously closed at $81.65.

The company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.38). The business had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.49 billion. Dollar Tree had a negative net margin of 3.23% and a positive return on equity of 15.67%. The business’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.91 EPS.

Analysts Set New Price Targets

Several brokerages have issued reports on DLTR. Wells Fargo & Company decreased their price target on shares of Dollar Tree from $160.00 to $130.00 and set an “overweight” rating for the company in a research report on Tuesday, August 27th. Truist Financial cut their target price on shares of Dollar Tree from $147.00 to $140.00 and set a “buy” rating on the stock in a research note on Thursday, June 6th. UBS Group cut their target price on shares of Dollar Tree from $170.00 to $155.00 and set a “buy” rating on the stock in a research note on Friday, June 28th. Telsey Advisory Group cut their target price on shares of Dollar Tree from $155.00 to $120.00 and set an “outperform” rating on the stock in a research note on Friday, August 30th. Finally, Morgan Stanley dropped their price objective on shares of Dollar Tree from $135.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Thursday, June 6th. Eight investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $133.22.

Insider Buying and Selling

In other Dollar Tree news, insider Robert Aflatooni sold 827 shares of the business’s stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $105.58, for a total value of $87,314.66. Following the completion of the transaction, the insider now owns 9,725 shares of the company’s stock, valued at approximately $1,026,765.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. 6.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Dollar Tree

Hedge funds and other institutional investors have recently made changes to their positions in the business. ICA Group Wealth Management LLC purchased a new stake in Dollar Tree in the 4th quarter worth approximately $26,000. United Community Bank bought a new stake in Dollar Tree in the fourth quarter worth $27,000. Register Financial Advisors LLC purchased a new stake in Dollar Tree in the first quarter worth $28,000. Mather Group LLC. increased its stake in Dollar Tree by 198.9% in the second quarter. Mather Group LLC. now owns 281 shares of the company’s stock worth $30,000 after purchasing an additional 187 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Dollar Tree in the second quarter worth $37,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Dollar Tree Stock Performance

The firm has a 50 day moving average price of $99.39 and a 200 day moving average price of $116.02. The stock has a market cap of $13.66 billion, a PE ratio of -13.85, a price-to-earnings-growth ratio of 0.93 and a beta of 0.88. The company has a quick ratio of 0.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.47.

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.