Dollar Tree, Inc. (NASDAQ:DLTR) Shares Purchased by Advisory Services Network LLC

Advisory Services Network LLC boosted its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 116.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,126 shares of the company’s stock after purchasing an additional 5,438 shares during the period. Advisory Services Network LLC’s holdings in Dollar Tree were worth $759,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Pzena Investment Management LLC purchased a new stake in shares of Dollar Tree during the 4th quarter valued at approximately $520,000. Empower Advisory Group LLC raised its position in Dollar Tree by 15.3% in the fourth quarter. Empower Advisory Group LLC now owns 760,423 shares of the company’s stock valued at $56,986,000 after purchasing an additional 100,676 shares during the period. Strategic Wealth Investment Group LLC acquired a new position in shares of Dollar Tree in the 4th quarter valued at $448,000. Intrepid Capital Management Inc. grew its holdings in shares of Dollar Tree by 103.6% during the 4th quarter. Intrepid Capital Management Inc. now owns 27,026 shares of the company’s stock worth $2,025,000 after purchasing an additional 13,751 shares during the period. Finally, Entropy Technologies LP acquired a new stake in shares of Dollar Tree during the 4th quarter worth about $2,173,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Bank of America decreased their target price on shares of Dollar Tree from $75.00 to $70.00 and set an “underperform” rating on the stock in a research report on Tuesday, April 8th. UBS Group dropped their target price on shares of Dollar Tree from $105.00 to $95.00 and set a “buy” rating for the company in a report on Friday, March 21st. Citigroup raised Dollar Tree from a “neutral” rating to a “buy” rating and boosted their target price for the company from $76.00 to $103.00 in a research report on Monday, April 7th. Evercore ISI raised their price target on Dollar Tree from $79.00 to $85.00 and gave the stock an “in-line” rating in a research report on Thursday, March 27th. Finally, Guggenheim cut their price objective on Dollar Tree from $100.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, March 28th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $81.84.

Dollar Tree Trading Up 2.2 %

NASDAQ:DLTR opened at $73.71 on Tuesday. Dollar Tree, Inc. has a 1 year low of $60.49 and a 1 year high of $128.00. The stock has a market cap of $15.85 billion, a P/E ratio of -15.45, a P/E/G ratio of 2.16 and a beta of 0.87. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. The stock has a 50-day simple moving average of $70.85 and a 200-day simple moving average of $70.30.

Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Wednesday, March 26th. The company reported $2.11 EPS for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.09). Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The company had revenue of $5 billion during the quarter, compared to analysts’ expectations of $8.23 billion. During the same period last year, the business earned $2.55 earnings per share. The company’s quarterly revenue was up .7% on a year-over-year basis. As a group, analysts anticipate that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Insider Activity

In related news, Director William W. Douglas III bought 701 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The shares were acquired at an average price of $75.00 per share, with a total value of $52,575.00. Following the completion of the acquisition, the director now owns 1,377 shares in the company, valued at approximately $103,275. This trade represents a 103.70 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 6.80% 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.