FIL Ltd Increases Position in Dollar Tree, Inc. (NASDAQ:DLTR)

FIL Ltd boosted its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 96.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,197,638 shares of the company’s stock after purchasing an additional 1,566,392 shares during the period. FIL Ltd owned about 1.47% of Dollar Tree worth $454,224,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. United Community Bank purchased a new position in Dollar Tree in the fourth quarter valued at approximately $27,000. Operose Advisors LLC purchased a new position in Dollar Tree in the third quarter valued at approximately $34,000. Turtle Creek Wealth Advisors LLC purchased a new position in Dollar Tree in the fourth quarter valued at approximately $35,000. City State Bank lifted its stake in Dollar Tree by 200.0% in the fourth quarter. City State Bank now owns 300 shares of the company’s stock valued at $43,000 after purchasing an additional 200 shares during the last quarter. Finally, Mendota Financial Group LLC bought a new stake in Dollar Tree during the 4th quarter valued at $52,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on DLTR shares. Morgan Stanley lowered their target price on shares of Dollar Tree from $135.00 to $130.00 and set an “equal weight” rating on the stock in a report on Thursday, June 6th. StockNews.com raised shares of Dollar Tree from a “sell” rating to a “hold” rating in a report on Wednesday, March 27th. Telsey Advisory Group lowered their target price on shares of Dollar Tree from $160.00 to $155.00 and set an “outperform” rating on the stock in a report on Thursday, June 6th. KeyCorp raised shares of Dollar Tree from a “sector weight” rating to an “overweight” rating and set a $150.00 price target on the stock in a report on Wednesday, May 1st. Finally, Wells Fargo & Company cut their target price on shares of Dollar Tree from $180.00 to $160.00 and set an “overweight” rating for the company in a research report on Thursday, June 6th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $143.70.

Insiders Place Their Bets

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

Dollar Tree Trading Down 0.5 %

NASDAQ:DLTR traded down $0.50 during mid-day trading on Friday, hitting $106.03. 1,918,491 shares of the stock traded hands, compared to its average volume of 2,745,342. The company has a quick ratio of 0.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $22.79 billion, a price-to-earnings ratio of -23.01, a PEG ratio of 1.16 and a beta of 0.90. The firm’s 50 day moving average is $119.09 and its two-hundred day moving average is $129.82. Dollar Tree, Inc. has a 52 week low of $102.77 and a 52 week high of $154.96.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Wednesday, June 5th. The company reported $1.43 EPS for the quarter, hitting analysts’ consensus estimates of $1.43. The business had revenue of $7.63 billion for the quarter, compared to the consensus estimate of $7.63 billion. Dollar Tree had a negative net margin of 3.23% and a positive return on equity of 15.67%. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.47 EPS. On average, equities research analysts predict that Dollar Tree, Inc. will post 6.68 earnings per share for the current year.

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.