Citizens Financial Group Inc RI grew its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 10.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,395 shares of the company’s stock after buying an additional 129 shares during the quarter. Citizens Financial Group Inc RI’s holdings in Dollar Tree were worth $102,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the company. Swiss National Bank grew its stake in shares of Dollar Tree by 21.9% during the first quarter. Swiss National Bank now owns 1,036,840 shares of the company’s stock valued at $76,177,000 after buying an additional 186,500 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of Dollar Tree by 25.6% during the first quarter. Oppenheimer Asset Management Inc. now owns 30,099 shares of the company’s stock valued at $2,211,000 after buying an additional 6,134 shares during the last quarter. Tobam grew its stake in shares of Dollar Tree by 43.0% during the first quarter. Tobam now owns 343,186 shares of the company’s stock valued at $25,214,000 after buying an additional 103,263 shares during the last quarter. WASHINGTON TRUST Co bought a new position in shares of Dollar Tree during the first quarter valued at about $70,000. Finally, Benjamin F. Edwards & Company Inc. grew its stake in shares of Dollar Tree by 12.4% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 2,422 shares of the company’s stock valued at $178,000 after buying an additional 268 shares during the last quarter. 91.14% of the stock is currently owned by hedge funds and other institutional investors.
In other Dollar Tree news, Director Lemuel E. Lewis bought 500 shares of the stock in a transaction dated Thursday, March 12th. The stock was purchased at an average cost of $75.26 per share, for a total transaction of $37,630.00. Following the completion of the acquisition, the director now owns 23,514 shares of the company’s stock, valued at $1,769,663.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.40% of the stock is currently owned by company insiders.
A number of research analysts have recently issued reports on DLTR shares. Goldman Sachs Group started coverage on Dollar Tree in a research note on Monday, May 18th. They set a “buy” rating and a $89.00 price objective on the stock. BidaskClub raised Dollar Tree from a “sell” rating to a “hold” rating in a research note on Thursday. Cfra dropped their target price on shares of Dollar Tree from $115.00 to $95.00 and set a “buy” rating for the company in a report on Wednesday, March 4th. Telsey Advisory Group lowered shares of Dollar Tree from an “outperform” rating to an “under perform” rating in a report on Wednesday, April 1st. Finally, Morgan Stanley dropped their target price on shares of Dollar Tree from $95.00 to $82.00 and set an “equal weight” rating for the company in a report on Tuesday, March 17th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and thirteen have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $96.81.
Shares of DLTR opened at $81.70 on Friday. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.20 and a quick ratio of 0.21. Dollar Tree, Inc. has a one year low of $60.20 and a one year high of $119.71. The company has a 50-day simple moving average of $77.14 and a two-hundred day simple moving average of $87.61. The firm has a market capitalization of $19.23 billion, a PE ratio of 23.48, a price-to-earnings-growth ratio of 1.58 and a beta of 0.54.
Dollar Tree (NASDAQ:DLTR) last released its earnings results on Wednesday, March 4th. The company reported $1.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.76 by $0.03. Dollar Tree had a net margin of 3.50% and a return on equity of 19.71%. The firm had revenue of $6.32 billion during the quarter, compared to analyst estimates of $6.39 billion. During the same period last year, the business earned $1.93 earnings per share. The business’s revenue was up 1.8% on a year-over-year basis. Analysts expect that Dollar Tree, Inc. will post 4.77 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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