Stephens Inc. AR Grows Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Stephens Inc. AR raised its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTRFree Report) by 11.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,807 shares of the company’s stock after purchasing an additional 577 shares during the quarter. Stephens Inc. AR’s holdings in Dollar Tree were worth $825,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new stake in Dollar Tree during the fourth quarter valued at about $15,638,000. DAVENPORT & Co LLC increased its position 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 buying an additional 19,019 shares during the period. Janney Montgomery Scott LLC increased its position in shares of Dollar Tree by 1.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 43,671 shares of the company’s stock valued at $6,203,000 after buying an additional 743 shares during the period. Illinois Municipal Retirement Fund increased its position in shares of Dollar Tree by 52.0% during the fourth quarter. Illinois Municipal Retirement Fund now owns 112,540 shares of the company’s stock valued at $15,986,000 after buying an additional 38,517 shares during the period. Finally, Norges Bank bought a new stake in shares of Dollar Tree during the fourth quarter valued at about $333,373,000. 97.40% of the stock is owned by hedge funds and other institutional investors.

Dollar Tree Stock Down 1.0 %

Shares of DLTR opened at $110.19 on Tuesday. The firm has a market cap of $23.68 billion, a P/E ratio of -24.01, a P/E/G ratio of 1.17 and a beta of 0.90. The stock has a 50 day simple moving average of $120.56 and a two-hundred day simple moving average of $130.19. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.28 and a quick ratio of 0.23. Dollar Tree, Inc. has a 1 year low of $102.77 and a 1 year high of $154.96.

Dollar Tree (NASDAQ:DLTRGet Free Report) last released its quarterly earnings data on Wednesday, June 5th. The company reported $1.43 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.43. The firm had revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.63 billion. Dollar Tree had a positive return on equity of 15.67% and a negative net margin of 3.23%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.47 earnings per share. On average, analysts forecast that Dollar Tree, Inc. will post 6.68 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on DLTR. Guggenheim upped their price target on Dollar Tree from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th. BMO Capital Markets decreased their price target on Dollar Tree from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Thursday, June 6th. Citigroup cut shares of Dollar Tree from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $163.00 to $120.00 in a research report on Thursday, June 6th. Evercore ISI decreased their price objective on shares of Dollar Tree from $144.00 to $142.00 and set an “in-line” rating on the stock in a research report on Tuesday, April 16th. Finally, Telsey Advisory Group decreased their price objective on shares of Dollar Tree from $160.00 to $155.00 and set an “outperform” rating on the stock in a research report on Thursday, June 6th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Dollar Tree presently has an average rating of “Moderate Buy” and an average target price of $143.70.

Read Our Latest Research Report on Dollar Tree

Insider Buying and Selling

In other Dollar Tree news, Director Daniel J. Heinrich purchased 1,000 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The stock was bought at an average price of $127.85 per share, with a total value of $127,850.00. Following the completion of the purchase, the director now directly owns 6,225 shares of the company’s stock, valued at approximately $795,866.25. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CFO Jeffrey A. Davis acquired 1,800 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was acquired at an average price of $136.00 per share, for a total transaction of $244,800.00. Following the completion of the acquisition, the chief financial officer now owns 19,047 shares in the company, valued at $2,590,392. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel J. Heinrich acquired 1,000 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was purchased at an average price of $127.85 per share, with a total value of $127,850.00. Following the acquisition, the director now owns 6,225 shares of the company’s stock, valued at approximately $795,866.25. The disclosure for this purchase can be found here. 6.80% of the stock is currently owned by insiders.

Dollar Tree Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding DLTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dollar Tree, Inc. (NASDAQ:DLTRFree Report).

Institutional Ownership by Quarter for Dollar Tree (NASDAQ:DLTR)

Receive News & Ratings for Dollar Tree Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar Tree and related companies with MarketBeat.com's FREE daily email newsletter.