Cerity Partners LLC Boosts Stake in Dollar Tree, Inc. (NASDAQ:DLTR)

Cerity Partners LLC raised its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 5.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 39,272 shares of the company’s stock after purchasing an additional 1,994 shares during the period. Cerity Partners LLC’s holdings in Dollar Tree were worth $5,579,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Dollar Tree during the third quarter worth about $26,000. ICA Group Wealth Management LLC bought a new position in shares of Dollar Tree during the fourth quarter worth about $27,000. Farther Finance Advisors LLC lifted its position in shares of Dollar Tree by 111.1% during the second quarter. Farther Finance Advisors LLC now owns 228 shares of the company’s stock worth $33,000 after purchasing an additional 120 shares during the last quarter. Operose Advisors LLC bought a new position in shares of Dollar Tree during the third quarter worth about $34,000. Finally, VitalStone Financial LLC bought a new position in shares of Dollar Tree during the first quarter worth about $34,000. 97.40% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Dollar Tree

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

Dollar Tree Price Performance

Shares of NASDAQ:DLTR opened at $124.06 on Wednesday. The firm’s 50 day moving average is $137.11 and its two-hundred day moving average is $128.29. Dollar Tree, Inc. has a 52 week low of $102.77 and a 52 week high of $161.10. The firm has a market capitalization of $27.04 billion, a P/E ratio of -26.85, a PEG ratio of 1.18 and a beta of 0.90. The company has a current ratio of 1.31, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Wednesday, March 13th. The company reported $2.55 EPS for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.12). Dollar Tree had a negative net margin of 3.26% and a positive return on equity of 15.11%. The company had revenue of $8.63 billion for the quarter, compared to analyst estimates of $8.66 billion. During the same quarter in the prior year, the business earned $2.04 EPS. Dollar Tree’s revenue was up 11.9% compared to the same quarter last year. Analysts anticipate that Dollar Tree, Inc. will post 6.91 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. TheStreet cut shares of Dollar Tree from a “b-” rating to a “c” rating in a research report on Wednesday, March 13th. Loop Capital reduced their price target on shares of Dollar Tree from $195.00 to $170.00 and set a “buy” rating on the stock in a research report on Thursday, March 14th. BMO Capital Markets reduced their price target on shares of Dollar Tree from $170.00 to $160.00 and set an “outperform” rating on the stock in a research report on Thursday, March 14th. Jefferies Financial Group reduced their price target on shares of Dollar Tree from $130.00 to $128.00 in a research report on Thursday, March 14th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $160.00 price target on shares of Dollar Tree in a research report on Thursday, March 14th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Dollar Tree currently has a consensus rating of “Moderate Buy” and a consensus target price of $150.05.

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.