Huntington National Bank reduced its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 62.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,615 shares of the company’s stock after selling 51,921 shares during the quarter. Huntington National Bank’s holdings in Dollar Tree were worth $2,838,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. Eudaimonia Partners LLC bought a new stake in Dollar Tree during the 1st quarter worth approximately $26,000. Bessemer Group Inc. increased its holdings in Dollar Tree by 335.7% during the 1st quarter. Bessemer Group Inc. now owns 366 shares of the company’s stock worth $27,000 after acquiring an additional 282 shares during the period. Creative Financial Designs Inc. ADV bought a new stake in Dollar Tree during the 2nd quarter worth approximately $50,000. Bainco International Investors bought a new stake in Dollar Tree during the 1st quarter worth approximately $41,000. Finally, First Bank & Trust bought a new stake in Dollar Tree during the 1st quarter worth approximately $41,000. Institutional investors own 89.29% of the company’s stock.
A number of research firms recently weighed in on DLTR. KeyCorp upped their target price on shares of Dollar Tree from $90.00 to $110.00 and gave the stock an “overweight” rating in a report on Friday, May 29th. Telsey Advisory Group upped their target price on shares of Dollar Tree from $92.00 to $112.00 and gave the stock an “outperform” rating in a report on Friday, May 29th. Cfra increased their price target on shares of Dollar Tree from $95.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. BMO Capital Markets increased their price target on shares of Dollar Tree from $85.00 to $105.00 and gave the stock a “market perform” rating in a report on Monday, June 1st. Finally, BidaskClub raised shares of Dollar Tree from a “sell” rating to a “hold” rating in a report on Saturday, June 27th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and seventeen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $104.09.
Shares of DLTR opened at $93.35 on Friday. The stock has a market capitalization of $22.15 billion, a P/E ratio of 27.46, a PEG ratio of 2.06 and a beta of 0.63. The company has a quick ratio of 0.44, a current ratio of 1.15 and a debt-to-equity ratio of 1.24. The firm has a fifty day simple moving average of $92.56 and a two-hundred day simple moving average of $85.44. Dollar Tree, Inc. has a twelve month low of $60.20 and a twelve month high of $119.71.
Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Thursday, May 28th. The company reported $1.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.19. The business had revenue of $6.29 billion during the quarter, compared to analysts’ expectations of $6.14 billion. Dollar Tree had a net margin of 3.35% and a return on equity of 18.69%. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.14 EPS. Sell-side analysts expect that Dollar Tree, Inc. will post 4.66 EPS for the current fiscal year.
Dollar Tree 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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