Cetera Investment Advisers Buys 1,963 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Cetera Investment Advisers lifted its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 17.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,264 shares of the company’s stock after acquiring an additional 1,963 shares during the quarter. Cetera Investment Advisers’ holdings in Dollar Tree were worth $996,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Forum Financial Management LP bought a new position in shares of Dollar Tree during the fourth quarter worth about $340,000. Wealth Enhancement Advisory Services LLC grew its stake in Dollar Tree by 50.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 13,724 shares of the company’s stock worth $1,030,000 after purchasing an additional 4,619 shares during the period. McGinn Penninger Investment Management Inc. grew its stake in Dollar Tree by 13.2% during the first quarter. McGinn Penninger Investment Management Inc. now owns 68,585 shares of the company’s stock worth $5,149,000 after purchasing an additional 8,015 shares during the period. State of Wyoming acquired a new stake in Dollar Tree during the fourth quarter worth approximately $316,000. Finally, Marathon Asset Management Ltd grew its stake in Dollar Tree by 3.4% during the first quarter. Marathon Asset Management Ltd now owns 197,723 shares of the company’s stock worth $14,843,000 after purchasing an additional 6,465 shares during the period. 97.40% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on DLTR. UBS Group raised their target price on Dollar Tree from $95.00 to $108.00 and gave the stock a “buy” rating in a research note on Thursday, May 29th. Guggenheim reaffirmed a “buy” rating and set a $100.00 target price on shares of Dollar Tree in a research note on Thursday, June 5th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $95.00 target price on shares of Dollar Tree in a research note on Wednesday, June 4th. Evercore ISI raised their target price on Dollar Tree from $104.00 to $108.00 and gave the stock an “in-line” rating in a research note on Tuesday. Finally, Jefferies Financial Group initiated coverage on Dollar Tree in a research note on Thursday, July 17th. They issued a “hold” rating and a $106.00 price objective for the company. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $98.47.

Dollar Tree Stock Performance

Shares of Dollar Tree stock opened at $114.06 on Wednesday. The business’s fifty day simple moving average is $105.42 and its 200 day simple moving average is $86.55. The firm has a market capitalization of $23.80 billion, a P/E ratio of -8.23, a price-to-earnings-growth ratio of 2.45 and a beta of 0.88. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $118.06. The company has a current ratio of 1.04, a quick ratio of 0.72 and a debt-to-equity ratio of 0.62.

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

Dollar Tree announced that its Board of Directors has initiated a stock buyback plan on Wednesday, July 9th that permits the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization permits the company to purchase up to 11.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Insider Activity

In other Dollar Tree news, CMO Richard L. Mcneely sold 21,026 shares of the business’s stock in a transaction on Friday, June 6th. The stock was sold at an average price of $94.62, for a total value of $1,989,480.12. Following the sale, the chief marketing officer directly owned 50,419 shares in the company, valued at $4,770,645.78. The trade was a 29.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 6.60% of the stock is currently owned by insiders.

Dollar Tree Company 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.