Hartford Investment Management Co. reduced its position in Dollar Tree, Inc. (NASDAQ:DLTR – Free Report) by 1.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,084 shares of the company’s stock after selling 172 shares during the quarter. Hartford Investment Management Co.’s holdings in Dollar Tree were worth $2,001,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the company. Trust Point Inc. bought a new position in Dollar Tree in the 4th quarter valued at about $230,000. Independence Bank of Kentucky increased its holdings in Dollar Tree by 15.0% in the 4th quarter. Independence Bank of Kentucky now owns 759 shares of the company’s stock valued at $108,000 after buying an additional 99 shares during the period. DAVENPORT & Co LLC increased its holdings in Dollar Tree by 155.2% in the 4th 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. JLB & Associates Inc. grew its holdings in shares of Dollar Tree by 1.2% during the 4th quarter. JLB & Associates Inc. now owns 53,387 shares of the company’s stock valued at $7,258,000 after purchasing an additional 649 shares during the last quarter. Finally, Norris Perne & French LLP MI grew its holdings in shares of Dollar Tree by 1.4% during the 4th quarter. Norris Perne & French LLP MI now owns 133,169 shares of the company’s stock valued at $18,917,000 after purchasing an additional 1,893 shares during the last quarter. 97.40% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several equities research analysts recently issued reports on the stock. BMO Capital Markets decreased their price target on shares of Dollar Tree from $170.00 to $160.00 and set an “outperform” rating on the stock in a report on Thursday, March 14th. Jefferies Financial Group decreased their price target on shares of Dollar Tree from $130.00 to $128.00 in a report on Thursday, March 14th. JPMorgan Chase & Co. decreased their price target on shares of Dollar Tree from $165.00 to $144.00 and set an “overweight” rating on the stock in a report on Thursday, March 14th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $160.00 price target on shares of Dollar Tree in a report on Thursday, March 14th. Finally, Evercore ISI lifted their price target on shares of Dollar Tree from $144.00 to $145.00 and gave the company an “in-line” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $149.80.
View Our Latest Stock Report on DLTR
Insider Buying and Selling
In related news, Director Daniel J. Heinrich bought 1,000 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The shares were acquired at an average cost 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 in the company, valued at $795,866.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Jeffrey A. Davis bought 1,800 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were acquired at an average cost of $136.00 per share, with a total value of $244,800.00. Following the completion of the purchase, the chief financial officer now directly owns 19,047 shares in the company, valued at $2,590,392. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Daniel J. Heinrich bought 1,000 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The shares were bought at an average cost of $127.85 per share, for a total transaction of $127,850.00. Following the completion of the purchase, the director now owns 6,225 shares of the company’s stock, valued at $795,866.25. The disclosure for this purchase can be found here. 6.00% of the stock is owned by insiders.
Dollar Tree Trading Up 0.7 %
NASDAQ:DLTR opened at $130.71 on Friday. The firm’s fifty day moving average is $138.27 and its 200-day moving average is $126.88. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 1.31. Dollar Tree, Inc. has a 52 week low of $102.77 and a 52 week high of $161.10. The firm has a market cap of $28.49 billion, a P/E ratio of -28.29, a P/E/G ratio of 1.27 and a beta of 0.90.
Dollar Tree (NASDAQ:DLTR – Get Free Report) last posted its quarterly earnings data on Wednesday, March 13th. The company reported $2.55 EPS for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.12). Dollar Tree had a negative net margin of 3.26% and a positive return on equity of 15.11%. The firm had revenue of $8.63 billion during the quarter, compared to the consensus estimate of $8.66 billion. During the same period in the prior year, the company posted $2.04 earnings per share. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. Equities analysts expect that Dollar Tree, Inc. will post 6.91 earnings per share for the current year.
Dollar Tree Company Profile
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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