Dollar Tree, Inc. (NASDAQ:DLTR) Shares Acquired by Independence Bank of Kentucky

Independence Bank of Kentucky increased its position in Dollar Tree, Inc. (NASDAQ:DLTRFree Report) by 15.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 759 shares of the company’s stock after purchasing an additional 99 shares during the period. Independence Bank of Kentucky’s holdings in Dollar Tree were worth $108,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. DAVENPORT & Co LLC grew its stake in Dollar Tree by 155.2% in the fourth quarter. DAVENPORT & Co LLC now owns 31,275 shares of the company’s stock worth $4,443,000 after purchasing an additional 19,019 shares in the last quarter. JLB & Associates Inc. boosted its stake in Dollar Tree by 1.2% in the fourth quarter. JLB & Associates Inc. now owns 53,387 shares of the company’s stock valued at $7,258,000 after acquiring an additional 649 shares during the period. Norris Perne & French LLP MI boosted its stake in Dollar Tree by 1.4% in the fourth quarter. Norris Perne & French LLP MI now owns 133,169 shares of the company’s stock valued at $18,917,000 after acquiring an additional 1,893 shares during the period. Fifth Third Bancorp boosted its stake in Dollar Tree by 48.8% in the fourth quarter. Fifth Third Bancorp now owns 7,060 shares of the company’s stock valued at $1,003,000 after acquiring an additional 2,315 shares during the period. Finally, ICICI Prudential Asset Management Co Ltd boosted its stake in Dollar Tree by 8.0% in the fourth quarter. ICICI Prudential Asset Management Co Ltd now owns 2,114 shares of the company’s stock valued at $300,000 after acquiring an additional 157 shares during the period. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Dollar Tree

In related news, CFO Jeffrey A. Davis purchased 1,800 shares of the company’s stock in a transaction on Monday, April 1st. The shares were bought at an average price of $136.00 per share, with a total value of $244,800.00. Following the completion of the acquisition, the chief financial officer now owns 19,047 shares of the company’s stock, valued at $2,590,392. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Jeffrey A. Davis purchased 1,800 shares of the company’s stock in a transaction on Monday, April 1st. The shares were bought at an average price of $136.00 per share, with a total value of $244,800.00. Following the completion of the acquisition, the chief financial officer now owns 19,047 shares of the company’s stock, valued at $2,590,392. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Daniel J. Heinrich purchased 1,000 shares of the company’s stock in a transaction on Monday, March 18th. The stock was bought at an average cost of $127.85 per share, for a total transaction of $127,850.00. Following the acquisition, the director now directly owns 6,225 shares of the company’s stock, valued at approximately $795,866.25. The disclosure for this purchase can be found here. 6.00% of the stock is owned by corporate insiders.

Dollar Tree Price Performance

Shares of NASDAQ:DLTR opened at $134.19 on Thursday. Dollar Tree, Inc. has a 12 month low of $102.77 and a 12 month high of $161.10. The stock has a market cap of $29.25 billion, a price-to-earnings ratio of -29.05, a PEG ratio of 1.28 and a beta of 0.90. The stock’s 50 day moving average price is $138.24 and its 200 day moving average price is $126.81. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.31 and a quick ratio of 0.22.

Dollar Tree (NASDAQ:DLTRGet Free Report) last posted its quarterly earnings results on Wednesday, March 13th. The company reported $2.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.67 by ($0.12). The company had revenue of $8.63 billion during the quarter, compared to the consensus estimate of $8.66 billion. Dollar Tree had a negative net margin of 3.26% and a positive return on equity of 15.11%. Dollar Tree’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the company posted $2.04 EPS. Equities research analysts anticipate that Dollar Tree, Inc. will post 6.91 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on DLTR. StockNews.com upgraded Dollar Tree from a “sell” rating to a “hold” rating in a research note on Wednesday, March 27th. BMO Capital Markets decreased their target price on Dollar Tree from $170.00 to $160.00 and set an “outperform” rating for the company in a research note on Thursday, March 14th. Loop Capital decreased their target price on Dollar Tree from $195.00 to $170.00 and set a “buy” rating for the company in a research note on Thursday, March 14th. Evercore ISI lifted their target price on Dollar Tree from $144.00 to $145.00 and gave the company an “in-line” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. reduced their price objective on Dollar Tree from $165.00 to $144.00 and set an “overweight” rating for the company in a research report on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $149.80.

View Our Latest Research Report on Dollar Tree

Dollar Tree Profile

(Free Report)

Dollar Tree, Inc operates discount variety retail 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.

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Institutional Ownership by Quarter for Dollar Tree (NASDAQ:DLTR)

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