Mackay Shields LLC lessened its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 0.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,311 shares of the company’s stock after selling 283 shares during the period. Mackay Shields LLC’s holdings in Dollar Tree were worth $2,668,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of DLTR. Wealthfront Advisers LLC lifted its position in shares of Dollar Tree by 21.6% during the 4th quarter. Wealthfront Advisers LLC now owns 4,337 shares of the company’s stock valued at $408,000 after buying an additional 771 shares during the last quarter. NEXT Financial Group Inc lifted its position in shares of Dollar Tree by 26.7% during the 4th quarter. NEXT Financial Group Inc now owns 830 shares of the company’s stock valued at $78,000 after buying an additional 175 shares during the last quarter. Exchange Traded Concepts LLC purchased a new position in shares of Dollar Tree during the 4th quarter valued at $340,000. Rothschild Investment Corp IL lifted its position in shares of Dollar Tree by 134.1% during the 4th quarter. Rothschild Investment Corp IL now owns 6,869 shares of the company’s stock valued at $646,000 after buying an additional 3,935 shares during the last quarter. Finally, Sumitomo Life Insurance Co. lifted its position in shares of Dollar Tree by 6.9% during the 4th quarter. Sumitomo Life Insurance Co. now owns 15,124 shares of the company’s stock valued at $1,422,000 after buying an additional 971 shares during the last quarter. 91.14% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ DLTR opened at $81.70 on Friday. The company has a quick ratio of 0.21, a current ratio of 1.20 and a debt-to-equity ratio of 1.36. The firm has a market capitalization of $19.23 billion, a P/E ratio of 23.48, a P/E/G ratio of 1.58 and a beta of 0.54. The stock’s 50-day simple moving average is $77.14 and its two-hundred day simple moving average is $87.61. 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 data 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 return on equity of 19.71% and a net margin of 3.50%. The company’s revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.93 EPS. As a group, research analysts anticipate that Dollar Tree, Inc. will post 4.77 EPS for the current fiscal year.
A number of brokerages recently issued reports on DLTR. Wells Fargo & Co dropped their price objective on Dollar Tree from $125.00 to $97.00 and set an “overweight” rating on the stock in a report on Thursday, March 5th. Morgan Stanley dropped their price objective on Dollar Tree from $95.00 to $82.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 17th. Piper Sandler dropped their price objective on Dollar Tree from $96.00 to $95.00 and set an “overweight” rating on the stock in a report on Wednesday, April 1st. Goldman Sachs Group began coverage on Dollar Tree in a report on Monday, May 18th. They set a “buy” rating and a $89.00 price objective on the stock. Finally, Telsey Advisory Group cut Dollar Tree from an “outperform” rating to an “under perform” rating in a report on Wednesday, April 1st. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $96.81.
In other news, Director Lemuel E. Lewis acquired 500 shares of Dollar Tree stock in a transaction dated Thursday, March 12th. The shares were purchased at an average cost 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 $1,769,663.64. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.40% of the stock is currently owned by corporate insiders.
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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