Keystone Financial Services reduced its holding in Dollar Tree, Inc. (NASDAQ:DLTR – Get Rating) by 33.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,546 shares of the company after selling 773 shares during the quarter. Keystone Financial Services’ shares in Dollar Tree were worth $232,000 at the time of the most recent SEC filing.
Several other institutional investors and hedge funds also changed their positions in the stock. American National Bank added 905.0% to its position in Dollar Tree in the fourth quarter. American National Bank now owns 201 shares of the company’s stock, valued at $28,000, after buying another 181 shares last quarter. Alpha Paradigm Partners LLC acquired a new interest in Dollar Tree stock valued at $35,000 during the third quarter. Fred Alger Management LLC purchased a new position in Dollar Tree stock valued at $37,000 during the third quarter. CI Investments Inc. increased its position in Dollar Tree shares by 933.3% during the third quarter. CI Investments Inc. now owns 279 shares of the company, valued at $38,000, after purchasing an additional 252 shares last quarter. Finally, Guardian Wealth Advisors LLC acquired a new interest in Dollar Tree stock valued at approximately $39,000 during the third quarter. 97.04% of the shares are currently owned by institutional investors and hedge funds.
Insider buying and selling at Dollar Tree
In addition, CFO Jeffrey A. Davis acquired 1,790 shares of the company in a transaction dated Monday, March 27. The stock was acquired at an average price of $139.06 per share for a total value of $248,917.40. Following the transaction, the Chief Financial Officer now owns 15,006 shares of the Company, valued at $2,086,734.36. The transaction was disclosed in a document filed with the SEC, available at this link. In other Dollar Tree news, CFO Jeffrey A. Davis bought 1,790 shares of the company’s stock in a transaction Monday, March 27. The shares were purchased at an average price of $139.06 per share for a total value of $248,917.40. Following the transaction, the Chief Financial Officer now owns 15,006 shares of the Company, valued at $2,086,734.36. The acquisition was disclosed in a filing with the SEC, available at this link. In addition, CEO Richard W. Dreiling acquired 7,100 shares of the stock in a transaction that took place on Thursday, March 9th. The shares were purchased at an average price of $142.00 per share for a total value of $1,008,200.00. Upon completion of the acquisition, the Chief Executive Officer now directly owns 7,118 shares of the Company, valued at $1,010,756. The disclosure for this purchase can be found here. Insiders own 5.80% of the company’s shares.
Dollar Tree stock down 0.7%
Dollar Tree shares opened at $147.90 on Friday. The company has a market cap of $32.72 billion, a P/E of 20.51, a P/E of 2.11, and a beta of 0.66. The stock’s 50-day simple moving average is $144.98 and its 200-day simple moving average is $146.90. Dollar Tree, Inc. has a 12-month low of $124.76 and a 12-month high of $177.19. The company has a current ratio of 1.51, a quick ratio of 0.22 and a debt-to-equity ratio of 0.39.
Dollar Tree (NASDAQ:DLTR – Get Rating) last released its quarterly earnings results on Wednesday, March 1st. The company reported earnings per share (EPS) of $2.04 for the quarter, beating analyst consensus estimates of $2.03 by $0.01. Dollar Tree had a return on equity of 19.19% and a net margin of 5.70%. The company had revenue of $7.72 billion in the quarter, compared to analyst estimates of $7.61 billion. In the same quarter last year, the company earned $2.01 per share. Dollar Tree’s quarterly revenue increased 9.0% compared to the same quarter last year. As a group, equity analysts expect Dollar Tree, Inc. to report fiscal year-to-date earnings per share of 6.58.
Wall Street analysts forecast growth
DLTR has been the subject of several recent analyst reports. Gordon Haskett downgraded shares of Dollar Tree from a “buy” rating to an “accumulate” rating and put a price target of $163.00 on the stock. in a report on Tuesday, January 24. Morgan Stanley raised its price target on Dollar Tree to $150.00 from $145.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 2nd. StockNews.com began coverage of Dollar Tree in a research note on Thursday, March 16th. They gave the stock a “hold” rating. Credit Suisse Group issued a “neutral” rating and a price target of $150.00 for shares of Dollar Tree in a report on Thursday, March 2. Finally, Barclays began reporting shares of Dollar Tree in a research note on Tuesday, February 7th. They set an “equal weight” rating and a price target of $145.00 for the company. Five equities research analysts have rated the stock with a hold rating and eight have given it a buy rating. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $166.80.
Dollar Tree Profile
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Dollar Tree, Inc owns and operates discount stores that offer merchandise at fixed prices. It operates through the Dollar Tree and Family Dollar segments. The Dollar Tree segment includes operations under the Dollar Tree and Dollar Tree Canada brands with distribution centers in the United States and Canada.
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