Ameritas Advisory Services LLC reduced its position in Dollar Tree, Inc. (NASDAQ:DLTR – Free Report) by 82.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 642 shares of the company’s stock after selling 3,049 shares during the period. Ameritas Advisory Services LLC’s holdings in Dollar Tree were worth $96,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of DLTR. Dupont Capital Management Corp lifted its position in Dollar Tree by 6.4% during the 1st quarter. Dupont Capital Management Corp now owns 240,006 shares of the company’s stock worth $34,453,000 after acquiring an additional 14,339 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Dollar Tree by 6.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 41,337 shares of the company’s stock valued at $5,934,000 after buying an additional 2,589 shares during the last quarter. Handelsbanken Fonder AB boosted its stake in shares of Dollar Tree by 3.2% during the 1st quarter. Handelsbanken Fonder AB now owns 160,269 shares of the company’s stock valued at $23,007,000 after buying an additional 4,943 shares during the last quarter. Schechter Investment Advisors LLC raised its position in shares of Dollar Tree by 28.6% during the 1st quarter. Schechter Investment Advisors LLC now owns 2,366 shares of the company’s stock valued at $340,000 after acquiring an additional 526 shares in the last quarter. Finally, Simplicity Solutions LLC raised its position in shares of Dollar Tree by 71.4% during the 1st quarter. Simplicity Solutions LLC now owns 3,001 shares of the company’s stock valued at $431,000 after acquiring an additional 1,250 shares in the last quarter. 99.78% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Dollar Tree
In other news, insider Jennifer Hulett sold 1,484 shares of the firm’s stock in a transaction dated Friday, June 23rd. The stock was sold at an average price of $143.61, for a total transaction of $213,117.24. Following the completion of the sale, the insider now directly owns 6,825 shares of the company’s stock, valued at approximately $980,138.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 6.00% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on the company. Morgan Stanley dropped their target price on Dollar Tree from $145.00 to $140.00 in a research report on Friday, May 26th. StockNews.com initiated coverage on Dollar Tree in a report on Thursday, May 18th. They set a “hold” rating on the stock. Bank of America raised their target price on Dollar Tree from $109.00 to $130.00 in a research note on Thursday, June 22nd. Citigroup decreased their target price on Dollar Tree from $180.00 to $167.00 in a research note on Friday, May 26th. Finally, Credit Suisse Group decreased their target price on Dollar Tree from $150.00 to $140.00 in a research note on Friday, May 26th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Dollar Tree has an average rating of “Moderate Buy” and an average target price of $155.93.
Dollar Tree Trading Down 0.3 %
Shares of NASDAQ DLTR opened at $151.25 on Friday. Dollar Tree, Inc. has a one year low of $128.85 and a one year high of $171.39. The firm has a market capitalization of $33.33 billion, a PE ratio of 24.43, a PEG ratio of 3.91 and a beta of 0.68. The company has a current ratio of 1.51, a quick ratio of 0.28 and a debt-to-equity ratio of 0.38. The business has a 50-day moving average price of $143.58 and a two-hundred day moving average price of $146.48.
Dollar Tree (NASDAQ:DLTR – Get Free Report) last announced its quarterly earnings data on Thursday, May 25th. The company reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.07). Dollar Tree had a return on equity of 16.36% and a net margin of 4.79%. The business had revenue of $7.32 billion for the quarter, compared to analyst estimates of $7.27 billion. During the same quarter in the previous year, the business posted $2.37 earnings per share. The company’s revenue was up 6.1% compared to the same quarter last year. As a group, analysts predict that Dollar Tree, Inc. will post 6.01 earnings per share for the current fiscal year.
Dollar Tree Company Profile
(Free Report)
Dollar Tree, Inc operates discount variety retail 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.
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