Bp Plc purchased a new stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 26,000 shares of the company’s stock, valued at approximately $2,731,000.
A number of other large investors have also bought and sold shares of the stock. Parkside Financial Bank & Trust raised its position in shares of Dollar Tree by 47.3% during the 1st quarter. Parkside Financial Bank & Trust now owns 302 shares of the company’s stock valued at $32,000 after buying an additional 97 shares in the last quarter. First Allied Advisory Services Inc. grew its position in Dollar Tree by 2.4% during the 1st quarter. First Allied Advisory Services Inc. now owns 4,082 shares of the company’s stock worth $431,000 after acquiring an additional 97 shares during the last quarter. Louisiana State Employees Retirement System grew its position in Dollar Tree by 0.8% during the 1st quarter. Louisiana State Employees Retirement System now owns 12,600 shares of the company’s stock worth $1,324,000 after acquiring an additional 100 shares during the last quarter. Parallel Advisors LLC grew its position in Dollar Tree by 20.8% during the 4th quarter. Parallel Advisors LLC now owns 598 shares of the company’s stock worth $54,000 after acquiring an additional 103 shares during the last quarter. Finally, Burney Co. grew its position in Dollar Tree by 0.5% during the 4th quarter. Burney Co. now owns 23,421 shares of the company’s stock worth $2,115,000 after acquiring an additional 113 shares during the last quarter. 92.86% of the stock is currently owned by hedge funds and other institutional investors.
DLTR has been the topic of a number of research analyst reports. Raymond James set a $107.00 price target on Dollar Tree and gave the stock a “buy” rating in a research report on Tuesday, February 26th. Morgan Stanley increased their price target on Dollar Tree from $90.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 7th. ValuEngine upgraded Dollar Tree from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. TheStreet lowered Dollar Tree from a “b” rating to a “c” rating in a research report on Wednesday, March 6th. Finally, Evercore ISI initiated coverage on Dollar Tree in a research report on Wednesday, March 20th. They set an “inline” rating and a $90.00 price target on the stock. Twelve analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $102.89.
NASDAQ:DLTR opened at $100.06 on Tuesday. Dollar Tree, Inc. has a 12-month low of $78.78 and a 12-month high of $111.61. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.36 and a current ratio of 2.05. The firm has a market capitalization of $23.95 billion, a PE ratio of 18.36, a P/E/G ratio of 1.94 and a beta of 0.44.
Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Wednesday, March 6th. The company reported $1.93 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.92 by $0.01. Dollar Tree had a positive return on equity of 18.21% and a negative net margin of 6.97%. The business had revenue of $6.21 billion for the quarter, compared to analyst estimates of $6.19 billion. During the same period last year, the company earned $1.89 EPS. The firm’s revenue was down 2.4% on a year-over-year basis. Analysts forecast that Dollar Tree, Inc. will post 5.27 EPS for the current fiscal year.
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About Dollar Tree
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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