Dollar Tree, Inc. (NASDAQ:DLTR) Shares Acquired by Focus Partners Wealth

Focus Partners Wealth boosted its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 16.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,433 shares of the company’s stock after purchasing an additional 1,465 shares during the period. Focus Partners Wealth’s holdings in Dollar Tree were worth $782,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Dollar Tree by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 23,450,228 shares of the company’s stock valued at $1,757,360,000 after purchasing an additional 163,368 shares during the period. T. Rowe Price Investment Management Inc. lifted its position in Dollar Tree by 5.7% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 9,920,748 shares of the company’s stock valued at $743,461,000 after purchasing an additional 533,920 shares during the period. Capital International Investors raised its position in shares of Dollar Tree by 30.1% in the fourth quarter. Capital International Investors now owns 8,753,693 shares of the company’s stock worth $656,000,000 after acquiring an additional 2,023,819 shares during the period. EdgePoint Investment Group Inc. raised its position in shares of Dollar Tree by 14.4% in the fourth quarter. EdgePoint Investment Group Inc. now owns 7,940,163 shares of the company’s stock worth $595,036,000 after acquiring an additional 1,000,637 shares during the period. Finally, Kovitz Investment Group Partners LLC raised its position in shares of Dollar Tree by 382.7% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 6,524,870 shares of the company’s stock worth $488,974,000 after acquiring an additional 5,173,238 shares during the period. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on DLTR shares. Guggenheim reiterated a “buy” rating and issued a $100.00 price objective (up previously from $95.00) on shares of Dollar Tree in a research report on Monday, May 5th. UBS Group cut their target price on shares of Dollar Tree from $105.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, March 21st. Evercore ISI boosted their target price on shares of Dollar Tree from $79.00 to $85.00 and gave the stock an “in-line” rating in a research note on Thursday, March 27th. JPMorgan Chase & Co. dropped their price objective on shares of Dollar Tree from $88.00 to $78.00 and set a “neutral” rating for the company in a research note on Thursday, March 27th. Finally, Telsey Advisory Group upped their price objective on shares of Dollar Tree from $75.00 to $82.00 and gave the company a “market perform” rating in a research note on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Dollar Tree currently has a consensus rating of “Hold” and an average target price of $82.68.

Dollar Tree Stock Performance

Shares of DLTR stock opened at $86.51 on Monday. Dollar Tree, Inc. has a one year low of $60.49 and a one year high of $121.92. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. The company has a 50 day moving average price of $75.76 and a 200 day moving average price of $72.73. The firm has a market capitalization of $18.61 billion, a price-to-earnings ratio of -18.14, a price-to-earnings-growth ratio of 2.16 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Wednesday, March 26th. The company reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.20 by ($0.09). The business had revenue of $5 billion during the quarter, compared to analyst estimates of $8.23 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. Dollar Tree’s revenue was up .7% on a year-over-year basis. During the same period in the previous year, the company earned $2.55 EPS. Sell-side analysts anticipate that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Insiders Place Their Bets

In related news, CAO Aditya Maheshwari sold 1,238 shares of Dollar Tree stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $74.70, for a total value of $92,478.60. Following the sale, the chief accounting officer now directly owns 4,231 shares in the company, valued at $316,055.70. This trade represents a 22.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director William W. Douglas III purchased 701 shares of the company’s stock in a transaction on Wednesday, April 2nd. The shares were bought at an average price of $75.00 per share, for a total transaction of $52,575.00. Following the completion of the transaction, the director now directly owns 1,377 shares in the company, valued at $103,275. This represents a 103.70% increase in their position. The disclosure for this purchase can be found here. 6.60% of the stock is owned by company insiders.

About Dollar Tree

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.