Chesapeake Wealth Management bought a new stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,991 shares of the company’s stock, valued at approximately $284,000.
A number of other institutional investors have also recently made changes to their positions in the business. Amalgamated Bank increased its stake in Dollar Tree by 10.2% during the 1st quarter. Amalgamated Bank now owns 33,567 shares of the company’s stock valued at $3,186,000 after purchasing an additional 3,112 shares in the last quarter. Levin Capital Strategies L.P. bought a new stake in Dollar Tree during the first quarter valued at approximately $8,189,000. Rational Advisors LLC grew its position in Dollar Tree by 35.8% during the first quarter. Rational Advisors LLC now owns 18,365 shares of the company’s stock valued at $1,743,000 after buying an additional 4,841 shares during the period. Wesbanco Bank Inc. bought a new stake in Dollar Tree during the first quarter valued at approximately $1,843,000. Finally, CIBC World Markets Inc. bought a new stake in Dollar Tree during the first quarter valued at approximately $3,663,000. 91.41% of the stock is currently owned by institutional investors and hedge funds.
DLTR stock opened at $85.00 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.11 and a quick ratio of 0.41. Dollar Tree, Inc. has a fifty-two week low of $66.01 and a fifty-two week high of $116.65. The company has a market cap of $20.21 billion, a P/E ratio of 17.49, a price-to-earnings-growth ratio of 1.07 and a beta of 0.79.
Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results on Thursday, May 31st. The company reported $1.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by ($0.04). The company had revenue of $5.55 billion for the quarter, compared to analysts’ expectations of $5.56 billion. Dollar Tree had a return on equity of 18.23% and a net margin of 7.44%. Dollar Tree’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.98 EPS. sell-side analysts anticipate that Dollar Tree, Inc. will post 5.53 earnings per share for the current fiscal year.
In other news, Director Lemuel E. Lewis acquired 2,500 shares of the business’s stock in a transaction dated Monday, June 4th. The shares were bought at an average cost of $80.44 per share, for a total transaction of $201,100.00. Following the acquisition, the director now directly owns 17,654 shares in the company, valued at approximately $1,420,087.76. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Thomas E. Whiddon acquired 2,250 shares of the business’s stock in a transaction dated Monday, June 18th. The stock was purchased at an average price of $88.78 per share, for a total transaction of $199,755.00. Following the completion of the acquisition, the director now owns 26,121 shares in the company, valued at $2,319,022.38. The disclosure for this purchase can be found here. 1.50% of the stock is owned by corporate insiders.
Several brokerages have weighed in on DLTR. Credit Suisse Group started coverage on shares of Dollar Tree in a report on Tuesday, April 17th. They set an “outperform” rating and a $114.00 price target on the stock. Loop Capital raised shares of Dollar Tree from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a research note on Wednesday, April 18th. ValuEngine upgraded shares of Dollar Tree from a “hold” rating to a “buy” rating in a research report on Saturday, April 7th. UBS Group cut shares of Dollar Tree from a “strong-buy” rating to an “outperform” rating in a report on Monday, April 16th. Finally, Raymond James reaffirmed an “outperform” rating and issued a $110.00 price objective on shares of Dollar Tree in a research note on Monday, April 16th. Eleven research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $106.76.
About Dollar Tree
Dollar Tree, Inc operates discount variety retail stores in the United States and Canada. It operates through 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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