Garnet Equity Capital Holdings Inc. purchased a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 50,000 shares of the company’s stock, valued at approximately $4,078,000. Dollar Tree comprises approximately 3.0% of Garnet Equity Capital Holdings Inc.’s investment portfolio, making the stock its 13th biggest holding.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Signet Financial Management LLC purchased a new position in Dollar Tree in the second quarter valued at about $121,000. grace capital purchased a new position in Dollar Tree in the second quarter valued at about $153,000. Cerebellum GP LLC boosted its stake in Dollar Tree by 58.9% in the second quarter. Cerebellum GP LLC now owns 2,120 shares of the company’s stock valued at $180,000 after acquiring an additional 786 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in Dollar Tree by 46.0% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 2,190 shares of the company’s stock valued at $186,000 after acquiring an additional 690 shares during the last quarter. Finally, Dupont Capital Management Corp boosted its stake in Dollar Tree by 35.2% in the second quarter. Dupont Capital Management Corp now owns 2,206 shares of the company’s stock valued at $188,000 after acquiring an additional 574 shares during the last quarter. Institutional investors and hedge funds own 92.17% of the company’s stock.
Shares of DLTR stock traded up $1.68 during trading on Friday, reaching $81.19. 230,770 shares of the company’s stock traded hands, compared to its average volume of 3,252,377. The stock has a market capitalization of $19.40 billion, a P/E ratio of 16.58, a PEG ratio of 1.05 and a beta of 0.74. The company has a current ratio of 2.24, a quick ratio of 0.52 and a debt-to-equity ratio of 0.66. Dollar Tree, Inc. has a 1 year low of $78.78 and a 1 year high of $116.65.
Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Thursday, August 30th. The company reported $1.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.16 by ($0.01). The firm had revenue of $5.53 billion for the quarter, compared to the consensus estimate of $5.54 billion. Dollar Tree had a return on equity of 17.63% and a net margin of 7.53%. The business’s revenue was up 4.6% on a year-over-year basis. During the same period last year, the company posted $0.99 EPS. On average, equities analysts predict that Dollar Tree, Inc. will post 5.5 EPS for the current year.
A number of research firms have weighed in on DLTR. Zacks Investment Research upgraded shares of Dollar Tree from a “hold” rating to a “buy” rating and set a $104.00 target price on the stock in a research note on Tuesday, August 14th. OTR Global cut shares of Dollar Tree to a “positive” rating in a research note on Wednesday, August 22nd. BidaskClub cut shares of Dollar Tree from a “buy” rating to a “hold” rating in a research note on Thursday, August 23rd. Atlantic Securities upgraded shares of Dollar Tree from a “neutral” rating to an “overweight” rating and set a $110.00 target price on the stock in a research note on Monday, August 13th. Finally, Buckingham Research began coverage on shares of Dollar Tree in a research note on Tuesday, September 25th. They issued a “neutral” rating and a $92.00 target price on the stock. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and fourteen have given a buy rating to the stock. Dollar Tree has a consensus rating of “Hold” and a consensus price target of $100.83.
In other news, Director Lemuel E. Lewis bought 1,210 shares of the firm’s stock in a transaction that occurred on Thursday, September 27th. The shares were acquired at an average price of $82.75 per share, with a total value of $100,127.50. Following the acquisition, the director now owns 20,114 shares of the company’s stock, valued at approximately $1,664,433.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.50% of the company’s stock.
Dollar Tree Profile
Dollar Tree, Inc operates discount variety retail stores in the United States and Canada. 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 products, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; various merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods, which include Valentine's Day, Easter, Halloween, and Christmas merchandise.
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