Public Sector Pension Investment Board trimmed its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 11.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,881 shares of the company’s stock after selling 5,070 shares during the period. Public Sector Pension Investment Board’s holdings in Dollar Tree were worth $3,845,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Equitec Specialists LLC bought a new position in Dollar Tree in the 4th quarter valued at about $26,000. Great Diamond Partners LLC bought a new position in shares of Dollar Tree during the fourth quarter worth approximately $27,000. Heritage Wealth Advisors lifted its holdings in Dollar Tree by 120.7% during the 4th quarter. Heritage Wealth Advisors now owns 331 shares of the company’s stock worth $31,000 after purchasing an additional 181 shares during the last quarter. Carmichael Hill & Associates Inc. acquired a new stake in Dollar Tree during the 4th quarter worth approximately $38,000. Finally, TCI Wealth Advisors Inc. boosted its stake in Dollar Tree by 80.5% in the 4th quarter. TCI Wealth Advisors Inc. now owns 565 shares of the company’s stock valued at $53,000 after purchasing an additional 252 shares during the period. 94.55% of the stock is owned by institutional investors.
DLTR stock traded up $1.81 during midday trading on Thursday, reaching $78.18. The company had a trading volume of 434,312 shares, compared to its average volume of 4,547,269. Dollar Tree, Inc. has a 1-year low of $60.20 and a 1-year high of $119.71. The stock has a 50 day moving average price of $83.45 and a 200-day moving average price of $97.76. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.20 and a quick ratio of 0.21. The company has a market capitalization of $18.86 billion, a price-to-earnings ratio of 22.45, a price-to-earnings-growth ratio of 1.50 and a beta of 0.43.
Dollar Tree (NASDAQ:DLTR) last released its earnings results on Wednesday, March 4th. The company reported $1.79 EPS for the quarter, beating the consensus estimate of $1.76 by $0.03. The firm had revenue of $6.32 billion for the quarter, compared to analyst estimates of $6.39 billion. Dollar Tree had a net margin of 3.50% and a return on equity of 19.71%. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period last year, the firm earned $1.93 EPS. As a group, research analysts anticipate that Dollar Tree, Inc. will post 5.01 earnings per share for the current year.
In other news, Director Lemuel E. Lewis purchased 500 shares of Dollar Tree stock in a transaction that occurred on Thursday, March 12th. The shares were acquired at an average price of $75.26 per share, for a total transaction of $37,630.00. Following the transaction, the director now owns 23,514 shares of the company’s stock, valued at approximately $1,769,663.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.40% of the company’s stock.
A number of research analysts have commented on the company. JPMorgan Chase & Co. lowered Dollar Tree from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $125.00 to $96.00 in a report on Wednesday, November 27th. Cfra reduced their target price on shares of Dollar Tree from $115.00 to $95.00 and set a “buy” rating for the company in a research report on Wednesday, March 4th. Credit Suisse Group reduced their target price on shares of Dollar Tree from $108.00 to $98.00 and set an “outperform” rating for the company in a research report on Thursday, March 5th. They noted that the move was a valuation call. Morgan Stanley decreased their price target on shares of Dollar Tree from $95.00 to $82.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 17th. Finally, ValuEngine lowered shares of Dollar Tree from a “hold” rating to a “sell” rating in a research report on Wednesday, November 27th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $98.76.
Dollar Tree Company Profile
Dollar Tree, Inc operates discount variety retail stores. 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, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods that include Valentine's Day, Easter, Halloween, and Christmas merchandise.
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