Blue Trust Inc. Buys 502 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Blue Trust Inc. boosted its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 49.0% during the 1st quarter, HoldingsChannel reports. The fund owned 1,526 shares of the company’s stock after acquiring an additional 502 shares during the quarter. Blue Trust Inc.’s holdings in Dollar Tree were worth $115,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Assetmark Inc. lifted its position in Dollar Tree by 74.1% in the 4th quarter. Assetmark Inc. now owns 350 shares of the company’s stock valued at $26,000 after acquiring an additional 149 shares in the last quarter. Bessemer Group Inc. lifted its position in Dollar Tree by 34,600.0% in the 4th quarter. Bessemer Group Inc. now owns 347 shares of the company’s stock valued at $26,000 after acquiring an additional 346 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in Dollar Tree by 120.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 424 shares of the company’s stock valued at $32,000 after acquiring an additional 232 shares in the last quarter. Hurley Capital LLC bought a new stake in Dollar Tree in the 4th quarter valued at $33,000. Finally, Murphy & Mullick Capital Management Corp bought a new stake in Dollar Tree in the 4th quarter valued at $43,000. 97.40% of the stock is owned by institutional investors.

Analyst Ratings Changes

DLTR has been the topic of several research reports. Cfra Research raised shares of Dollar Tree to a “hold” rating in a research report on Wednesday, May 28th. JPMorgan Chase & Co. raised shares of Dollar Tree from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $72.00 to $111.00 in a research report on Thursday, June 5th. Sanford C. Bernstein set a $82.00 price target on shares of Dollar Tree and gave the stock a “market perform” rating in a research report on Monday, May 5th. Loop Capital reissued a “hold” rating on shares of Dollar Tree in a research report on Thursday, March 27th. Finally, The Goldman Sachs Group cut shares of Dollar Tree from a “strong-buy” rating to a “strong sell” rating in a research report on Thursday, June 5th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $90.37.

Dollar Tree Stock Up 0.8%

Shares of DLTR stock opened at $99.45 on Thursday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.72 and a current ratio of 1.04. The firm’s 50-day moving average is $89.08 and its 200-day moving average is $77.75. The stock has a market cap of $20.76 billion, a price-to-earnings ratio of -7.18, a PEG ratio of 2.73 and a beta of 0.84. Dollar Tree, Inc. has a 52-week low of $60.49 and a 52-week high of $109.36.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Wednesday, June 4th. The company reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.05. The company had revenue of $4.64 billion for the quarter, compared to analysts’ expectations of $4.52 billion. Dollar Tree had a negative net margin of 12.15% and a positive return on equity of 19.36%. Dollar Tree’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.43 EPS. Sell-side analysts predict that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Insider Activity

In related news, Director William W. Douglas III purchased 701 shares of the stock in a transaction on Wednesday, April 2nd. The shares were purchased at an average cost of $75.00 per share, with a total value of $52,575.00. Following the acquisition, the director now directly owns 1,377 shares in the company, valued at $103,275. The trade was a 103.70% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CMO Richard L. Mcneely sold 21,026 shares of the stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $94.62, for a total transaction of $1,989,480.12. Following the completion of the transaction, the chief marketing officer now directly owns 50,419 shares in the company, valued at approximately $4,770,645.78. This represents a 29.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 22,616 shares of company stock valued at $2,112,402. 6.60% of the stock is owned by company insiders.

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.