OLD Mission Capital LLC purchased a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,791 shares of the company’s stock, valued at approximately $514,000.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Exane Derivatives acquired a new stake in shares of Dollar Tree in the 4th quarter valued at $104,000. Cerebellum GP LLC acquired a new stake in shares of Dollar Tree in the 4th quarter valued at $127,000. FTB Advisors Inc. boosted its stake in shares of Dollar Tree by 249.2% in the 4th quarter. FTB Advisors Inc. now owns 1,390 shares of the company’s stock valued at $149,000 after purchasing an additional 992 shares in the last quarter. First Personal Financial Services acquired a new stake in shares of Dollar Tree in the 4th quarter valued at $165,000. Finally, Zions Bancorporation boosted its stake in shares of Dollar Tree by 6,912.9% in the 3rd quarter. Zions Bancorporation now owns 2,174 shares of the company’s stock valued at $189,000 after purchasing an additional 2,143 shares in the last quarter. Hedge funds and other institutional investors own 90.97% of the company’s stock.
Several equities research analysts have recently commented on DLTR shares. BidaskClub downgraded shares of Dollar Tree from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 14th. Raymond James Financial set a $124.00 target price on shares of Dollar Tree and gave the company a “buy” rating in a research note on Thursday, December 7th. Moffett Nathanson started coverage on shares of Dollar Tree in a research note on Monday, December 4th. They issued a “buy” rating on the stock. Bank of America boosted their target price on shares of Dollar Tree from $105.00 to $115.00 and gave the company a “buy” rating in a research note on Tuesday, November 21st. Finally, Buckingham Research boosted their target price on shares of Dollar Tree from $93.00 to $111.00 and gave the company a “buy” rating in a research note on Monday, November 20th. Twelve investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. Dollar Tree has a consensus rating of “Buy” and an average target price of $106.08.
In other news, Director Conrad M. Hall acquired 10,000 shares of the company’s stock in a transaction on Friday, March 9th. The stock was purchased at an average cost of $91.83 per share, with a total value of $918,300.00. Following the acquisition, the director now owns 799 shares of the company’s stock, valued at approximately $73,372.17. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 4.10% of the company’s stock.
Shares of Dollar Tree, Inc. (NASDAQ:DLTR) opened at $95.75 on Friday. The firm has a market capitalization of $22,325.01, a PE ratio of 13.28, a price-to-earnings-growth ratio of 1.22 and a beta of 0.80. Dollar Tree, Inc. has a twelve month low of $65.63 and a twelve month high of $116.65. The company has a current ratio of 1.60, a quick ratio of 0.49 and a debt-to-equity ratio of 0.66.
Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Wednesday, March 7th. The company reported $1.89 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.90 by ($0.01). The firm had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $6.39 billion. Dollar Tree had a return on equity of 18.68% and a net margin of 7.71%. The business’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.36 earnings per share. equities analysts anticipate that Dollar Tree, Inc. will post 5.65 earnings per share for the current fiscal year.
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About Dollar Tree
Dollar Tree, Inc operates variety retail stores in the United States and Canada. It operates in two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care products, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; various merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods, which include Valentine's Day, Easter, Halloween, and Christmas merchandise.
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