Murphy & Mullick Capital Management Corp Makes New Investment in Dollar Tree, Inc. (NASDAQ:DLTR)

Murphy & Mullick Capital Management Corp acquired a new stake in Dollar Tree, Inc. (NASDAQ:DLTR) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 571 shares of the company’s stock, valued at approximately $43,000.

Other institutional investors also recently made changes to their positions in the company. Assetmark Inc. increased its stake in Dollar Tree by 74.1% in the 4th quarter. Assetmark Inc. now owns 350 shares of the company’s stock worth $26,000 after purchasing an additional 149 shares during the period. Versant Capital Management Inc bought a new stake in Dollar Tree during the 4th quarter valued at $30,000. Parkside Financial Bank & Trust raised its holdings in Dollar Tree by 120.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 424 shares of the company’s stock valued at $32,000 after buying an additional 232 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in Dollar Tree by 91.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock valued at $33,000 after buying an additional 210 shares during the period. Finally, Sunbelt Securities Inc. grew its holdings in Dollar Tree by 738.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 629 shares of the company’s stock worth $44,000 after acquiring an additional 554 shares during the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Dollar Tree Price Performance

Shares of DLTR opened at $76.95 on Friday. Dollar Tree, Inc. has a twelve month low of $60.49 and a twelve month high of $137.14. The company has a market capitalization of $16.54 billion, a P/E ratio of -16.13, a price-to-earnings-growth ratio of 2.16 and a beta of 0.91. The firm has a 50 day moving average of $71.15 and a 200 day moving average of $70.18. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32.

Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Wednesday, March 26th. The company reported $2.11 EPS for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.09). The business had revenue of $5 billion during the quarter, compared to the consensus estimate of $8.23 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The firm’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the previous year, the business posted $2.55 EPS. As a group, equities research analysts anticipate that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DLTR. Jefferies Financial Group increased their target price on shares of Dollar Tree from $70.00 to $75.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Loop Capital increased their price objective on Dollar Tree from $65.00 to $75.00 and gave the stock a “hold” rating in a report on Thursday, December 5th. Wells Fargo & Company cut their price objective on Dollar Tree from $100.00 to $85.00 and set an “overweight” rating on the stock in a research report on Friday, March 7th. Telsey Advisory Group upped their target price on Dollar Tree from $75.00 to $82.00 and gave the company a “market perform” rating in a report on Thursday. Finally, UBS Group cut their price target on shares of Dollar Tree from $105.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, March 21st. Sixteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Dollar Tree currently has an average rating of “Hold” and a consensus price target of $83.68.

About Dollar Tree

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.