Castleview Partners LLC bought a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR – Free Report) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 9,428 shares of the company’s stock, valued at approximately $1,075,000.
A number of other large investors have also recently added to or reduced their stakes in the company. Reflection Asset Management bought a new position in shares of Dollar Tree in the 4th quarter valued at about $25,000. Basecamp Wealth Advisors LLC raised its holdings in shares of Dollar Tree by 59.9% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 259 shares of the company’s stock valued at $28,000 after purchasing an additional 97 shares during the period. EFG International AG bought a new stake in shares of Dollar Tree in the 2nd quarter valued at about $30,000. Wilkerson Advisory Group LLC lifted its stake in Dollar Tree by 80.1% in the 1st quarter. Wilkerson Advisory Group LLC now owns 263 shares of the company’s stock valued at $29,000 after purchasing an additional 117 shares during the last quarter. Finally, Keating Financial Advisory Services Inc. acquired a new stake in Dollar Tree in the 2nd quarter valued at about $33,000. Institutional investors and hedge funds own 97.40% of the company’s stock.
Dollar Tree Stock Up 0.0%
Dollar Tree stock opened at $118.64 on Friday. The stock has a market cap of $22.26 billion, a P/E ratio of 14.49, a P/E/G ratio of 1.10 and a beta of 0.71. The company has a quick ratio of 0.39, a current ratio of 1.13 and a debt-to-equity ratio of 0.86. Dollar Tree, Inc. has a twelve month low of $85.88 and a twelve month high of $142.40. The company’s 50-day moving average price is $123.20 and its two-hundred day moving average price is $114.31.
Dollar Tree declared that its board has approved a stock buyback plan on Thursday, July 2nd that allows the company to buy back $2.50 billion in shares. This repurchase authorization allows the company to repurchase up to 10.7% of its shares through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.
Insider Activity at Dollar Tree
In related news, insider Robert Aflatooni sold 2,500 shares of Dollar Tree stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $126.01, for a total transaction of $315,025.00. Following the completion of the sale, the insider directly owned 24,820 shares of the company’s stock, valued at approximately $3,127,568.20. This trade represents a 9.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Stephanie Stahl sold 1,185 shares of the business’s stock in a transaction on Friday, September 4th. The shares were sold at an average price of $131.47, for a total value of $155,791.95. Following the completion of the sale, the director owned 4,089 shares of the company’s stock, valued at $537,580.83. This trade represents a 22.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 7.10% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts recently commented on DLTR shares. Guggenheim boosted their price target on Dollar Tree from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday, August 25th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $131.00 price objective on shares of Dollar Tree in a research report on Monday, August 31st. Sanford C. Bernstein reiterated a “market perform” rating and set a $130.00 target price on shares of Dollar Tree in a research note on Friday, August 28th. Wall Street Zen raised Dollar Tree from a “hold” rating to a “buy” rating in a report on Saturday, August 22nd. Finally, BMO Capital Markets restated a “market perform” rating and issued a $135.00 price target on shares of Dollar Tree in a research note on Friday, August 28th. Eleven analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $131.83.
Get Our Latest Analysis on Dollar Tree
Dollar Tree Company Profile
Dollar Tree, Inc operates discount variety stores under the Dollar Tree brand in the United States and Canada. Its stores offer a broad selection of everyday merchandise, including household supplies, food and beverages, health and personal-care products, seasonal items, toys, party supplies, and arts and crafts products.
The company’s Dollar Tree stores historically focused on merchandise priced at a fixed dollar point and have expanded to include multiple price points through initiatives such as Dollar Tree Plus.
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