Dollar Tree (NASDAQ:DLTR) Shares Down 5.6% - What's Next?

Dollar Tree, Inc. (NASDAQ:DLTR) saw its share price drop by 5.6% on Wednesday, trading as low as $62.76 before ending at $62.02. During the day, 2,806,359 shares were exchanged, reflecting a 19% decrease from the typical trading volume of 3,448,259 shares. This drop followed a previous closing price of $65.69.

Analysts Set New Price Targets

In light of this fluctuation, various research firms have updated their perspectives on Dollar Tree. Loop Capital increased its price target from $65.00 to $75.00 and maintained a "hold" rating on the stock as of December 5th. Conversely, Guggenheim revised their target downwards from $120.00 to $100.00 while still designating it as a "buy" in their report on December 6th. Telsey Advisory Group reiterated a "market perform" rating with a price target of $75.00, while BMO Capital Markets increased their objective to $70.00, maintaining a "market perform" rating as well. Finally, Piper Sandler kept a "neutral" rating and raised their price target from $67.00 to $72.00 on December 5th. Currently, 16 analysts have rated Dollar Tree as a hold, while five have issued buy ratings, resulting in an average consensus rating of "Hold" and a target price of $84.79 according to MarketBeat.

Dollar Tree Stock Down 5.7%

Amid changes in trading, Dollar Tree's stock has shown a 50-day simple moving average of $72.63 and a 200-day simple moving average of $71.29. The company's financial metrics reflect a debt-to-equity ratio of 0.32, a current ratio of 1.03, and a quick ratio of 0.17. The stock has a market capitalization of $13.31 billion, a PE ratio of -12.98, a P/E/G ratio of 2.16, and a beta of 0.91.

Institutional Inflows and Outflows

Institutional activity surrounding Dollar Tree has been noteworthy. In the fourth quarter, Vanguard Group Inc. raised its shares in the company by 0.7%, acquiring an additional 163,368 shares, totaling 23,450,228 shares valued at approximately $1,757,360,000. T. Rowe Price Investment Management Inc. increased its stake by 5.7%, owning 9,920,748 shares valued at around $743,461,000 after acquiring an additional 533,920 shares. State Street Corp. saw a 6.8% rise in its holdings, owning 9,427,910 shares worth $662,971,000 after a purchase of 596,191 shares. Capital International Investors boosted its position by 30.1% during the same quarter, holding 8,753,693 shares valued at $656,000,000 after buying 2,023,819 additional shares. EdgePoint Investment Group Inc. increased its holdings by 14.4%, now owning 7,940,163 shares worth about $595,036,000. Overall, institutional investors and hedge funds control 97.40% of Dollar Tree’s stock.

About Dollar Tree

Dollar Tree, Inc. operates discount retail stores under the Dollar Tree and Family Dollar brands, offering products priced at $1.25. The Dollar Tree segment provides consumables like household items, food, and personal care products, as well as a variety of merchandise including toys, housewares, stationery, seasonal goods, and more.

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