Cambridge Investment Research Advisors Inc. Grows Stock Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 4.5% during the first quarter, Holdings Channel.com reports. The fund owned 17,086 shares of the company’s stock after acquiring an additional 733 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Dollar Tree were worth $1,283,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of DLTR. Bessemer Group Inc. increased its stake in Dollar Tree by 34,600.0% during the 4th quarter. Bessemer Group Inc. now owns 347 shares of the company’s stock valued at $26,000 after purchasing an additional 346 shares in the last quarter. Assetmark Inc. grew its holdings in shares of Dollar Tree by 74.1% during the fourth quarter. Assetmark Inc. now owns 350 shares of the company’s stock valued at $26,000 after buying an additional 149 shares during the last quarter. Hurley Capital LLC acquired a new position in shares of Dollar Tree in the 4th quarter valued at $33,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of Dollar Tree in the 4th quarter valued at $43,000. Finally, CX Institutional purchased a new position in Dollar Tree in the 1st quarter worth $43,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

Analyst Upgrades and Downgrades

DLTR has been the topic of a number of research reports. The Goldman Sachs Group lowered Dollar Tree from a “strong-buy” rating to a “strong sell” rating in a report on Thursday, June 5th. Loop Capital reiterated a “hold” rating on shares of Dollar Tree in a report on Thursday, March 27th. Cfra Research raised shares of Dollar Tree to a “hold” rating in a research report on Wednesday, May 28th. UBS Group upped their price objective on shares of Dollar Tree from $95.00 to $108.00 and gave the company a “buy” rating in a report on Thursday, May 29th. Finally, Sanford C. Bernstein set a $82.00 price objective on shares of Dollar Tree and gave the stock a “market perform” rating in a research note on Monday, May 5th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Dollar Tree has a consensus rating of “Hold” and an average target price of $90.37.

Dollar Tree Price Performance

DLTR stock opened at $101.76 on Friday. The business’s fifty day moving average price is $91.88 and its 200 day moving average price is $79.19. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $108.93. The company has a current ratio of 1.04, a quick ratio of 0.72 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $21.24 billion, a PE ratio of -7.34, a P/E/G ratio of 2.19 and a beta of 0.86.

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

Insiders Place Their Bets

In other Dollar Tree news, CMO Richard L. Mcneely sold 21,026 shares of Dollar Tree stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $94.62, for a total transaction of $1,989,480.12. Following the completion of the sale, the chief marketing officer directly owned 50,419 shares of the company’s stock, valued at $4,770,645.78. The trade was a 29.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Aditya Maheshwari sold 1,238 shares of the 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 completion of the transaction, the chief accounting officer owned 4,231 shares in the company, valued at approximately $316,055.70. The trade was a 22.64% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,439 shares of company stock worth $2,099,028 over the last 90 days. Company insiders own 6.60% of the company’s stock.

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.