Investors Buy Shares of Dollar Tree (DLTR) on Weakness

Traders bought shares of Dollar Tree, Inc. (NASDAQ:DLTR) on weakness during trading hours on Thursday. $88.36 million flowed into the stock on the tick-up and $65.35 million flowed out of the stock on the tick-down, for a money net flow of $23.01 million into the stock. Of all companies tracked, Dollar Tree had the 30th highest net in-flow for the day. Dollar Tree traded down ($0.76) for the day and closed at $96.41

Several equities analysts recently weighed in on DLTR shares. Credit Suisse Group set a $96.00 price objective on Dollar Tree and gave the company a “buy” rating in a research note on Wednesday, September 19th. Buckingham Research started coverage on Dollar Tree in a research note on Tuesday, September 25th. They issued a “neutral” rating and a $92.00 price objective for the company. Barclays set a $84.00 price objective on Dollar Tree and gave the company a “hold” rating in a research note on Thursday, September 27th. Cleveland Research reaffirmed a “hold” rating on shares of Dollar Tree in a research note on Wednesday, October 3rd. Finally, Royal Bank of Canada dropped their price objective on Dollar Tree from $96.00 to $94.00 and set an “outperform” rating for the company in a research note on Thursday, October 11th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Dollar Tree has a consensus rating of “Hold” and a consensus target price of $97.92.

The firm has a market cap of $22.11 billion, a P/E ratio of 19.84, a price-to-earnings-growth ratio of 1.24 and a beta of 0.50. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.22 and a quick ratio of 0.48.

Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Thursday, November 29th. The company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.03. The firm had revenue of $5.54 billion for the quarter, compared to analysts’ expectations of $5.55 billion. Dollar Tree had a return on equity of 17.11% and a net margin of 7.64%. Dollar Tree’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.01 EPS. As a group, research analysts expect that Dollar Tree, Inc. will post 5.45 earnings per share for the current year.

A number of large investors have recently made changes to their positions in the business. Boltwood Capital Management boosted its holdings in shares of Dollar Tree by 1.1% during the fourth quarter. Boltwood Capital Management now owns 9,635 shares of the company’s stock worth $870,000 after purchasing an additional 105 shares during the last quarter. Indiana Trust & Investment Management CO boosted its holdings in shares of Dollar Tree by 4.8% during the fourth quarter. Indiana Trust & Investment Management CO now owns 3,063 shares of the company’s stock worth $277,000 after purchasing an additional 140 shares during the last quarter. Capital Insight Partners LLC boosted its holdings in shares of Dollar Tree by 0.9% during the fourth quarter. Capital Insight Partners LLC now owns 16,508 shares of the company’s stock worth $1,491,000 after purchasing an additional 143 shares during the last quarter. Fulton Bank N.A. boosted its holdings in shares of Dollar Tree by 15.6% during the fourth quarter. Fulton Bank N.A. now owns 3,026 shares of the company’s stock worth $273,000 after purchasing an additional 409 shares during the last quarter. Finally, Cerebellum GP LLC boosted its holdings in shares of Dollar Tree by 19.5% during the fourth quarter. Cerebellum GP LLC now owns 2,580 shares of the company’s stock worth $233,000 after purchasing an additional 421 shares during the last quarter. Hedge funds and other institutional investors own 92.04% of the company’s stock.

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Dollar Tree Company Profile (NASDAQ:DLTR)

Dollar Tree, Inc operates discount variety retail stores in the United States and Canada. It operates through two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care products, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; various merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods, which include Valentine's Day, Easter, Halloween, and Christmas merchandise.

Further Reading: Cost of Equity

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