Global Retirement Partners LLC increased its holdings in Dollar Tree, Inc. (NASDAQ:DLTR – Free Report) by 198.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,568 shares of the company’s stock after purchasing an additional 1,042 shares during the period. Global Retirement Partners LLC’s holdings in Dollar Tree were worth $239,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of DLTR. ICA Group Wealth Management LLC purchased a new stake in shares of Dollar Tree during the 4th quarter valued at about $27,000. Glass Jacobson Investment Advisors llc purchased a new stake in Dollar Tree during the fourth quarter valued at approximately $28,000. Massmutual Trust Co. FSB ADV lifted its stake in shares of Dollar Tree by 92.3% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 200 shares of the company’s stock valued at $29,000 after purchasing an additional 96 shares during the last quarter. Alpha Paradigm Partners LLC purchased a new position in shares of Dollar Tree in the 3rd quarter worth approximately $35,000. Finally, Fred Alger Management LLC bought a new stake in Dollar Tree in the third quarter worth $37,000. Hedge funds and other institutional investors own 99.78% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on DLTR shares. StockNews.com assumed coverage on shares of Dollar Tree in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. Wells Fargo & Company reduced their price objective on shares of Dollar Tree from $170.00 to $155.00 in a research report on Friday, May 26th. Barclays cut their target price on Dollar Tree from $145.00 to $138.00 in a research note on Friday, May 26th. Credit Suisse Group decreased their price target on Dollar Tree from $150.00 to $140.00 in a research note on Friday, May 26th. Finally, Citigroup cut their price objective on Dollar Tree from $180.00 to $167.00 in a research report on Friday, May 26th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Dollar Tree has an average rating of “Moderate Buy” and an average target price of $156.87.
Dollar Tree Price Performance
NASDAQ DLTR opened at $148.42 on Thursday. The company has a market cap of $32.71 billion, a PE ratio of 23.98, a P/E/G ratio of 3.85 and a beta of 0.68. Dollar Tree, Inc. has a 52-week low of $128.85 and a 52-week high of $171.39. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.28 and a current ratio of 1.51. The firm’s 50 day moving average price is $144.19 and its 200-day moving average price is $146.77.
Dollar Tree (NASDAQ:DLTR – Get Free Report) last announced its quarterly earnings results on Thursday, May 25th. The company reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.07). Dollar Tree had a net margin of 4.79% and a return on equity of 16.36%. The company had revenue of $7.32 billion during the quarter, compared to analysts’ expectations of $7.27 billion. During the same quarter in the prior year, the business posted $2.37 earnings per share. The company’s revenue was up 6.1% compared to the same quarter last year. Sell-side analysts forecast that Dollar Tree, Inc. will post 6.02 EPS for the current fiscal year.
Insider Buying and Selling at Dollar Tree
In other news, insider Jennifer Hulett sold 1,484 shares of Dollar Tree stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $143.61, for a total value of $213,117.24. Following the transaction, the insider now owns 6,825 shares of the company’s stock, valued at approximately $980,138.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 6.00% of the company’s stock.
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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