Checchi Capital Advisers LLC increased its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 8.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,569 shares of the company’s stock after buying an additional 201 shares during the period. Checchi Capital Advisers LLC’s holdings in Dollar Tree were worth $270,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in DLTR. Parkside Financial Bank & Trust boosted its position in Dollar Tree by 47.3% during the first quarter. Parkside Financial Bank & Trust now owns 302 shares of the company’s stock valued at $32,000 after purchasing an additional 97 shares in the last quarter. First Allied Advisory Services Inc. boosted its position in Dollar Tree by 2.4% during the first quarter. First Allied Advisory Services Inc. now owns 4,082 shares of the company’s stock valued at $431,000 after purchasing an additional 97 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in Dollar Tree by 0.8% during the first quarter. Louisiana State Employees Retirement System now owns 12,600 shares of the company’s stock valued at $1,324,000 after purchasing an additional 100 shares in the last quarter. Parallel Advisors LLC boosted its position in Dollar Tree by 20.8% during the fourth quarter. Parallel Advisors LLC now owns 598 shares of the company’s stock valued at $54,000 after purchasing an additional 103 shares in the last quarter. Finally, Berman Capital Advisors LLC boosted its position in Dollar Tree by 52.5% during the first quarter. Berman Capital Advisors LLC now owns 305 shares of the company’s stock valued at $32,000 after purchasing an additional 105 shares in the last quarter. Hedge funds and other institutional investors own 94.37% of the company’s stock.
Shares of NASDAQ DLTR opened at $98.42 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.05 and a quick ratio of 0.36. The stock has a market capitalization of $23.48 billion, a price-to-earnings ratio of 18.06, a price-to-earnings-growth ratio of 1.93 and a beta of 0.44. Dollar Tree, Inc. has a fifty-two week low of $78.78 and a fifty-two week high of $111.61.
Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Wednesday, March 6th. The company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.92 by $0.01. The business had revenue of $6.21 billion during the quarter, compared to the consensus estimate of $6.19 billion. Dollar Tree had a positive return on equity of 18.21% and a negative net margin of 6.97%. The company’s quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter last year, the company earned $1.89 earnings per share. On average, equities analysts anticipate that Dollar Tree, Inc. will post 5.27 earnings per share for the current year.
In related news, CEO Gary M. Philbin sold 9,614 shares of Dollar Tree stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $110.00, for a total transaction of $1,057,540.00. Following the completion of the sale, the chief executive officer now owns 84,665 shares of the company’s stock, valued at $9,313,150. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Arnold S. Barron sold 11,667 shares of Dollar Tree stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $101.61, for a total value of $1,185,483.87. Following the sale, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $1,524,150. The disclosure for this sale can be found here. In the last three months, insiders sold 43,561 shares of company stock valued at $4,537,642. Corporate insiders own 1.50% of the company’s stock.
A number of equities research analysts recently weighed in on DLTR shares. Raymond James set a $107.00 price objective on Dollar Tree and gave the company a “buy” rating in a research report on Tuesday, February 26th. Morgan Stanley raised their price objective on Dollar Tree from $90.00 to $92.00 and gave the company an “equal weight” rating in a research report on Thursday, March 7th. ValuEngine raised Dollar Tree from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. TheStreet downgraded Dollar Tree from a “b” rating to a “c” rating in a research report on Wednesday, March 6th. Finally, Evercore ISI started coverage on Dollar Tree in a research report on Wednesday, March 20th. They set an “inline” rating and a $90.00 price objective on the stock. Twelve investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $102.89.
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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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