Mather Group LLC. increased its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR – Free Report) by 198.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 281 shares of the company’s stock after purchasing an additional 187 shares during the quarter. Mather Group LLC.’s holdings in Dollar Tree were worth $30,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. ICA Group Wealth Management LLC purchased a new stake in Dollar Tree during the fourth quarter worth approximately $26,000. United Community Bank purchased a new stake in Dollar Tree during the fourth quarter worth approximately $27,000. Register Financial Advisors LLC purchased a new stake in Dollar Tree during the first quarter worth approximately $28,000. Turtle Creek Wealth Advisors LLC purchased a new stake in Dollar Tree during the fourth quarter worth approximately $35,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Dollar Tree during the second quarter worth approximately $37,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.
Dollar Tree Trading Up 0.1 %
Shares of DLTR stock opened at $95.05 on Friday. The business’s fifty day moving average price is $105.78 and its 200 day moving average price is $121.71. Dollar Tree, Inc. has a 1-year low of $94.29 and a 1-year high of $151.29. The firm has a market capitalization of $20.43 billion, a PE ratio of -20.71, a P/E/G ratio of 1.07 and a beta of 0.88. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.28 and a quick ratio of 0.23.
Dollar Tree (NASDAQ:DLTR – Get Free Report) last announced its quarterly earnings data on Wednesday, June 5th. The company reported $1.43 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.43. Dollar Tree had a positive return on equity of 15.67% and a negative net margin of 3.23%. The firm had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.63 billion. During the same quarter in the prior year, the company posted $1.47 earnings per share. Dollar Tree’s quarterly revenue was up 4.2% on a year-over-year basis. As a group, sell-side analysts forecast that Dollar Tree, Inc. will post 6.63 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
DLTR has been the subject of a number of research reports. Morgan Stanley reduced their price objective on Dollar Tree from $135.00 to $130.00 and set an “equal weight” rating for the company in a research note on Thursday, June 6th. Wells Fargo & Company reduced their price objective on Dollar Tree from $180.00 to $160.00 and set an “overweight” rating for the company in a research note on Thursday, June 6th. KeyCorp upgraded Dollar Tree from a “sector weight” rating to an “overweight” rating and set a $150.00 price objective for the company in a research note on Wednesday, May 1st. BMO Capital Markets reduced their price objective on Dollar Tree from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Thursday, June 6th. Finally, Evercore ISI boosted their price objective on Dollar Tree from $136.00 to $137.00 and gave the company an “in-line” rating in a research note on Thursday, June 20th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $141.55.
Get Our Latest Report on Dollar Tree
Insiders Place Their Bets
In other Dollar Tree news, insider Robert Aflatooni sold 827 shares of the business’s stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $105.58, for a total transaction of $87,314.66. Following the sale, the insider now directly owns 9,725 shares in the company, valued at $1,026,765.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 6.80% of the stock is owned by company insiders.
About Dollar Tree
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.
Further Reading
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