Advisor Group Inc. grew its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 69.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,651 shares of the company’s stock after purchasing an additional 12,546 shares during the quarter. Advisor Group Inc.’s holdings in Dollar Tree were worth $3,289,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Exane Derivatives acquired a new position in shares of Dollar Tree during the 4th quarter worth approximately $104,000. Cerebellum GP LLC acquired a new position in shares of Dollar Tree during the 4th quarter worth approximately $127,000. FTB Advisors Inc. increased its holdings in shares of Dollar Tree by 249.2% during the 4th quarter. FTB Advisors Inc. now owns 1,390 shares of the company’s stock worth $149,000 after acquiring an additional 992 shares during the last quarter. First Personal Financial Services acquired a new position in shares of Dollar Tree during the 4th quarter worth approximately $165,000. Finally, Zions Bancorporation increased its holdings in shares of Dollar Tree by 6,912.9% during the 3rd quarter. Zions Bancorporation now owns 2,174 shares of the company’s stock worth $189,000 after acquiring an additional 2,143 shares during the last quarter. 90.97% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Dollar Tree, Inc. (NASDAQ DLTR) opened at $94.42 on Wednesday. The firm has a market capitalization of $22,390.00, a price-to-earnings ratio of 13.10, a PEG ratio of 1.18 and a beta of 0.80. The company has a current ratio of 1.60, a quick ratio of 0.49 and a debt-to-equity ratio of 0.66. Dollar Tree, Inc. has a 1 year low of $65.63 and a 1 year high of $116.65.
In related news, Director Conrad M. Hall bought 10,000 shares of the business’s stock in a transaction dated Friday, March 9th. The stock was purchased at an average cost of $91.83 per share, for a total transaction of $918,300.00. Following the transaction, the director now owns 799 shares in the company, valued at approximately $73,372.17. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.90% of the company’s stock.
DLTR has been the topic of a number of recent analyst reports. Raymond James Financial set a $124.00 target price on Dollar Tree and gave the stock a “buy” rating in a report on Thursday, December 7th. BidaskClub lowered Dollar Tree from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 14th. Wells Fargo & Co reissued an “outperform” rating and set a $138.00 target price (up from $132.00) on shares of Dollar Tree in a report on Tuesday, January 16th. Moffett Nathanson assumed coverage on Dollar Tree in a report on Monday, December 4th. They set a “buy” rating on the stock. Finally, Zacks Investment Research downgraded Dollar Tree from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Twelve equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $106.08.
About Dollar Tree
Dollar Tree, Inc is an operator of discount variety stores. As of January 28, 2017, the Company operated 14,334 stores in 48 states and the District of Columbia, and five Canadian provinces. Its segments include Dollar Tree and Family Dollar. The Dollar Tree segment is the operator of discount variety stores offering merchandise at a fixed price.
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