Cullinan Associates Inc. bought a new position in Dollar Tree, Inc. (NASDAQ:DLTR) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,800 shares of the company’s stock, valued at approximately $614,000.
Several other hedge funds also recently bought and sold shares of the company. FMR LLC lifted its holdings in shares of Dollar Tree by 15.1% in the third quarter. FMR LLC now owns 22,046,619 shares of the company’s stock worth $1,797,902,000 after acquiring an additional 2,890,549 shares during the last quarter. Macquarie Group Ltd. lifted its holdings in shares of Dollar Tree by 9.6% in the third quarter. Macquarie Group Ltd. now owns 8,455,473 shares of the company’s stock worth $689,544,000 after acquiring an additional 737,501 shares during the last quarter. Akre Capital Management LLC lifted its holdings in shares of Dollar Tree by 1.1% in the third quarter. Akre Capital Management LLC now owns 5,086,035 shares of the company’s stock worth $414,766,000 after acquiring an additional 53,479 shares during the last quarter. Fiduciary Management Inc. WI bought a new position in shares of Dollar Tree in the third quarter worth about $266,051,000. Finally, Northern Trust Corp lifted its holdings in shares of Dollar Tree by 2.3% in the second quarter. Northern Trust Corp now owns 2,875,083 shares of the company’s stock worth $244,383,000 after acquiring an additional 63,270 shares during the last quarter. 92.04% of the stock is owned by hedge funds and other institutional investors.
DLTR has been the subject of a number of research reports. ValuEngine lowered shares of Dollar Tree from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. Credit Suisse Group set a $96.00 price objective on shares of Dollar Tree and gave the company a “buy” rating in a report on Monday, November 26th. BidaskClub upgraded shares of Dollar Tree from a “hold” rating to a “buy” rating in a report on Thursday, December 20th. Oppenheimer lowered shares of Dollar Tree from an “outperform” rating to a “market perform” rating and raised their price objective for the company from $92.00 to $104.00 in a report on Thursday. Finally, BMO Capital Markets initiated coverage on shares of Dollar Tree in a report on Thursday. They issued a “market perform” rating for the company. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $100.96.
NASDAQ:DLTR opened at $97.28 on Friday. The company has a market cap of $23.12 billion, a price-to-earnings ratio of 20.02, a PEG ratio of 1.30 and a beta of 0.50. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.22 and a quick ratio of 0.48. Dollar Tree, Inc. has a fifty-two week low of $78.78 and a fifty-two week high of $116.65.
Dollar Tree (NASDAQ:DLTR) last released its earnings results on Thursday, November 29th. The company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.03. The business had revenue of $5.54 billion during the quarter, compared to the consensus estimate of $5.55 billion. Dollar Tree had a net margin of 7.64% and a return on equity of 17.11%. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.01 EPS. On average, sell-side analysts expect that Dollar Tree, Inc. will post 5.45 EPS for the current year.
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Dollar Tree Company Profile
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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