Condor Capital Management Acquires 1,412 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Condor Capital Management raised its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 10.0% in the fourth quarter, HoldingsChannel reports. The firm owned 15,593 shares of the company’s stock after buying an additional 1,412 shares during the quarter. Condor Capital Management’s holdings in Dollar Tree were worth $2,215,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of DLTR. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Dollar Tree during the 3rd quarter valued at about $26,000. Turtle Creek Wealth Advisors LLC bought a new stake in Dollar Tree during the 4th quarter valued at approximately $35,000. City State Bank grew its holdings in shares of Dollar Tree by 200.0% during the 4th quarter. City State Bank now owns 300 shares of the company’s stock worth $43,000 after acquiring an additional 200 shares during the period. Operose Advisors LLC bought a new position in shares of Dollar Tree in the 3rd quarter worth approximately $34,000. Finally, Mendota Financial Group LLC bought a new position in shares of Dollar Tree in the 4th quarter worth approximately $52,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Wall Street Analyst Weigh In

DLTR has been the subject of several recent research reports. Guggenheim raised their price objective on Dollar Tree from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th. Jefferies Financial Group cut their price objective on shares of Dollar Tree from $130.00 to $128.00 in a report on Thursday, March 14th. KeyCorp upgraded shares of Dollar Tree from a “sector weight” rating to an “overweight” rating and set a $150.00 target price for the company in a report on Wednesday, May 1st. Wells Fargo & Company upped their price target on Dollar Tree from $160.00 to $180.00 and gave the stock an “overweight” rating in a research note on Monday, March 4th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $160.00 price objective on shares of Dollar Tree in a research note on Friday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $150.55.

Dollar Tree Trading Up 2.8 %

Shares of NASDAQ DLTR traded up $3.16 during midday trading on Friday, hitting $117.95. 2,844,763 shares of the stock traded hands, compared to its average volume of 2,152,060. Dollar Tree, Inc. has a one year low of $102.77 and a one year high of $154.96. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.31 and a quick ratio of 0.22. The firm has a 50-day moving average of $122.54 and a two-hundred day moving average of $130.12.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Wednesday, March 13th. The company reported $2.55 earnings per share for the quarter, missing the consensus estimate of $2.67 by ($0.12). The business had revenue of $8.63 billion during the quarter, compared to the consensus estimate of $8.66 billion. Dollar Tree had a positive return on equity of 15.11% and a negative net margin of 3.26%. Dollar Tree’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter last year, the company earned $2.04 EPS. As a group, equities research analysts forecast that Dollar Tree, Inc. will post 6.88 earnings per share for the current fiscal year.

Insider Transactions at Dollar Tree

In related news, Director Daniel J. Heinrich acquired 1,000 shares of Dollar Tree stock in a transaction dated Monday, March 18th. The stock was purchased at an average cost of $127.85 per share, for a total transaction of $127,850.00. Following the purchase, the director now directly owns 6,225 shares of the company’s stock, valued at approximately $795,866.25. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Daniel J. Heinrich acquired 1,000 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was bought at an average cost of $127.85 per share, for a total transaction of $127,850.00. Following the purchase, the director now owns 6,225 shares in the company, valued at approximately $795,866.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Jeffrey A. Davis bought 1,800 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were purchased at an average price of $136.00 per share, for a total transaction of $244,800.00. Following the purchase, the chief financial officer now owns 19,047 shares in the company, valued at approximately $2,590,392. The disclosure for this purchase can be found here. Corporate insiders own 6.80% of the company’s stock.

Dollar Tree Profile

Dollar Tree, Inc operates retail discount stores. The company operates in two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $ 1.25. It provides consumable merchandise, which includes everyday consumables, such as household paper and chemicals, food, candy, health, personal care products, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, arts and crafts supplies, and other items; and seasonal goods that include Christmas, Easter, Halloween, and Valentine's Day merchandise.