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Brinker Capital Investments LLC reduced its holdings in Dollar Tree, Inc. (NASDAQ:DLTR – Get Rating) by 3.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 60,885 shares of the company’s stock after selling 2,406 shares during the period. Brinker Capital Investments LLC’s holdings in Dollar Tree were worth $8,286,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of DLTR. Ellevest Inc. increased its stake in shares of Dollar Tree by 452.8% during the 2nd quarter. Ellevest Inc. now owns 199 shares of the company’s stock worth $31,000 after purchasing an additional 163 shares during the last quarter. Newbridge Financial Services Group Inc. increased its stake in shares of Dollar Tree by 517.1% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 216 shares of the company’s stock worth $34,000 after purchasing an additional 181 shares during the last quarter. TCI Wealth Advisors Inc. increased its stake in shares of Dollar Tree by 68.6% during the 2nd quarter. TCI Wealth Advisors Inc. now owns 231 shares of the company’s stock worth $36,000 after purchasing an additional 94 shares during the last quarter. Trust Co. of Vermont acquired a new position in shares of Dollar Tree during the 2nd quarter worth about $40,000. Finally, Creative Financial Designs Inc. ADV increased its stake in shares of Dollar Tree by 300.0% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 400 shares of the company’s stock worth $62,000 after purchasing an additional 300 shares during the last quarter. 97.04% of the stock is currently owned by institutional investors and hedge funds.
Dollar Tree Stock Performance
Shares of Dollar Tree stock opened at $147.26 on Monday. The company has a 50 day moving average of $148.94 and a 200-day moving average of $151.53. Dollar Tree, Inc. has a 1-year low of $123.62 and a 1-year high of $177.19. The company has a current ratio of 1.38, a quick ratio of 0.17 and a debt-to-equity ratio of 0.41. The company has a market cap of $32.98 billion, a PE ratio of 20.51, a price-to-earnings-growth ratio of 1.37 and a beta of 0.70.
Dollar Tree (NASDAQ:DLTR – Get Rating) last issued its quarterly earnings results on Tuesday, November 22nd. The company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.03. Dollar Tree had a net margin of 5.84% and a return on equity of 19.82%. The company had revenue of $6.94 billion during the quarter, compared to the consensus estimate of $6.84 billion. During the same quarter in the prior year, the firm posted $0.96 EPS. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. As a group, equities research analysts forecast that Dollar Tree, Inc. will post 7.19 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
DLTR has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Dollar Tree from $163.00 to $194.00 in a research note on Wednesday, November 23rd. Gordon Haskett set a $163.00 target price on shares of Dollar Tree in a report on Tuesday, November 22nd. TheStreet raised shares of Dollar Tree from a “c+” rating to a “b-” rating in a report on Monday, October 31st. Credit Suisse Group started coverage on shares of Dollar Tree in a report on Monday, December 19th. They set a “neutral” rating and a $150.00 target price for the company. Finally, UBS Group lifted their target price on shares of Dollar Tree from $171.00 to $177.00 in a report on Wednesday, November 23rd. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $172.13.
Dollar Tree Company Profile
(Get Rating)
Dollar Tree, Inc owns and operates discount variety stores offering merchandise at fixed prices. It operates through the Dollar Tree and Family Dollar segments. The Dollar Tree segment includes operations under Dollar Tree and Dollar Tree Canada brands, with its distribution centers in the United States and Canada.
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Want to see what other hedge funds are holding DLTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dollar Tree, Inc. (NASDAQ:DLTR – Get Rating).
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