The price of Dollar Tree Inc (NASDAQ:DLTR) shares last traded on Wall Street fell -22.16% to $63.56.
DLTR stock price is now -36.84% away from the 50-day moving average and -47.62% away from the 200-day moving average. The market capitalization of the company currently stands at $13.66B.
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With the price target reduced from $111 to $70, JP Morgan Downgraded its rating from Overweight to Neutral for Dollar Tree Inc (NASDAQ: DLTR). On August 30, 2024, Telsey Advisory Group reiterated its ‘Outperform’ rating on the stock by increasing its target price from $155 to quote $120, while ‘Piper Sandler’ rates the stock as ‘Neutral’
In other news, Aflatooni Robert, Chief Information Officer sold 827 shares of the company’s stock on Jun 25 ’24. The stock was sold for $87,315 at an average price of $105.58. Upon completion of the transaction, the Chief Information Officer now directly owns 9,725 shares in the company, valued at $0.62 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 01 ’24, Chief Financial Officer Davis Jeffrey A. bought 1,800 shares of the business’s stock. A total of $244,794 was incurred on buying the stock at an average price of $136.00. This leaves the insider owning 19,047 shares of the company worth $1.21 million. A total of 0.09% of the company’s stock is owned by insiders.
During the past 12 months, Dollar Tree Inc has had a low of $81.55 and a high of $151.21. As of last week, the company has a debt-to-equity ratio of 1.46, a current ratio of 1.02, and a quick ratio of 0.17. The fifty day moving average price for DLTR is $100.6324 and a two-hundred day moving average price translates $121.33945 for the stock.
The latest earnings results from Dollar Tree Inc (NASDAQ: DLTR) was released for 2024-05-04. The net profit margin was -3.44% and return on equity was -12.98% for DLTR. The company reported revenue of $7.63 billion for the quarter, compared to $7.32 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.22 percent.
