Signaturefd LLC Increases Stock Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Signaturefd LLC grew its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 23.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,491 shares of the company’s stock after buying an additional 662 shares during the quarter. Signaturefd LLC’s holdings in Dollar Tree were worth $496,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC acquired a new stake in shares of Dollar Tree during the fourth quarter valued at $15,638,000. DAVENPORT & Co LLC boosted its stake in shares of Dollar Tree by 155.2% during the fourth quarter. DAVENPORT & Co LLC now owns 31,275 shares of the company’s stock valued at $4,443,000 after acquiring an additional 19,019 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in shares of Dollar Tree during the fourth quarter valued at $4,247,000. Sequoia Financial Advisors LLC boosted its stake in shares of Dollar Tree by 97.2% during the fourth quarter. Sequoia Financial Advisors LLC now owns 5,869 shares of the company’s stock valued at $834,000 after acquiring an additional 2,893 shares during the last quarter. Finally, Premier Path Wealth Partners LLC acquired a new stake in Dollar Tree in the 4th quarter worth about $211,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

Several analysts have commented on DLTR shares. Wells Fargo & Company lifted their price target on Dollar Tree from $160.00 to $180.00 and gave the company an “overweight” rating in a report on Monday, March 4th. Loop Capital lowered their price target on Dollar Tree from $195.00 to $170.00 and set a “buy” rating for the company in a report on Thursday, March 14th. TheStreet cut Dollar Tree from a “b-” rating to a “c” rating in a report on Wednesday, March 13th. BMO Capital Markets lowered their price target on Dollar Tree from $170.00 to $160.00 and set an “outperform” rating for the company in a report on Thursday, March 14th. Finally, StockNews.com upgraded Dollar Tree from a “sell” rating to a “hold” rating in a report on Wednesday, March 27th. One 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 company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $150.05.

Dollar Tree Stock Performance

Dollar Tree stock opened at $122.39 on Thursday. The stock’s 50 day moving average price is $134.95 and its 200 day moving average price is $128.86. The firm has a market capitalization of $26.68 billion, a PE ratio of -26.49, a price-to-earnings-growth ratio of 1.15 and a beta of 0.90. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 1.31. Dollar Tree, Inc. has a one year low of $102.77 and a one year high of $161.10.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results on Wednesday, March 13th. The company reported $2.55 EPS for the quarter, missing the consensus estimate of $2.67 by ($0.12). The company had revenue of $8.63 billion for the quarter, compared to analyst estimates of $8.66 billion. Dollar Tree had a positive return on equity of 15.11% and a negative net margin of 3.26%. The business’s revenue was up 11.9% on a year-over-year basis. During the same period last year, the firm posted $2.04 earnings per share. As a group, sell-side analysts expect that Dollar Tree, Inc. will post 6.91 EPS for the current fiscal year.

Dollar Tree 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.