Brinker Capital Inc. cut its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 7.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 153,992 shares of the company’s stock after selling 13,234 shares during the quarter. Dollar Tree accounts for 0.6% of Brinker Capital Inc.’s holdings, making the stock its 24th largest holding. Brinker Capital Inc. owned approximately 0.06% of Dollar Tree worth $13,909,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in the stock. Graves Light Private Wealth Management Inc. acquired a new position in Dollar Tree in the 4th quarter valued at about $233,000. Bank of Montreal Can raised its position in shares of Dollar Tree by 19.3% in the 4th quarter. Bank of Montreal Can now owns 312,809 shares of the company’s stock worth $28,254,000 after buying an additional 50,536 shares during the period. Huntington National Bank raised its position in shares of Dollar Tree by 38.3% in the 4th quarter. Huntington National Bank now owns 201,431 shares of the company’s stock worth $18,193,000 after buying an additional 55,831 shares during the period. Clean Yield Group acquired a new stake in Dollar Tree in the 4th quarter valued at $45,000. Finally, United Services Automobile Association increased its holdings in Dollar Tree by 0.8% in the 3rd quarter. United Services Automobile Association now owns 142,143 shares of the company’s stock valued at $11,592,000 after purchasing an additional 1,143 shares in the last quarter. Hedge funds and other institutional investors own 94.37% of the company’s stock.
Shares of Dollar Tree stock opened at $99.86 on Friday. The company has a quick ratio of 0.36, a current ratio of 2.05 and a debt-to-equity ratio of 0.76. The firm has a market cap of $23.76 billion, a price-to-earnings ratio of 18.32, a PEG ratio of 2.01 and a beta of 0.42. Dollar Tree, Inc. has a 12 month low of $78.78 and a 12 month high of $104.49.
Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Wednesday, March 6th. The company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.92 by $0.01. The business had revenue of $6.21 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.89 earnings per share. Sell-side analysts anticipate that Dollar Tree, Inc. will post 5.19 EPS for the current year.
In other Dollar Tree news, COO Michael A. Witynski sold 6,380 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $102.83, for a total transaction of $656,055.40. Following the completion of the sale, the chief operating officer now directly owns 12,381 shares in the company, valued at approximately $1,273,138.23. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Lemuel E. Lewis purchased 1,000 shares of the business’s stock in a transaction on Friday, March 15th. The shares were purchased at an average price of $99.98 per share, with a total value of $99,980.00. Following the completion of the purchase, the director now owns 21,114 shares in the company, valued at $2,110,977.72. The disclosure for this purchase can be found here. 1.50% of the stock is owned by company insiders.
A number of brokerages have issued reports on DLTR. Citigroup raised their target price on shares of Dollar Tree from $87.00 to $93.00 and gave the stock a “neutral” rating in a report on Tuesday, December 4th. Zacks Investment Research upgraded shares of Dollar Tree from a “sell” rating to a “hold” rating in a research report on Wednesday, December 5th. Wolfe Research initiated coverage on shares of Dollar Tree in a research note on Monday, February 11th. They set a “market perform” rating for the company. ValuEngine raised shares of Dollar Tree from a “hold” rating to a “buy” rating in a research note on Thursday, March 7th. Finally, BidaskClub upgraded shares of Dollar Tree from a “hold” rating to a “buy” rating in a report on Thursday, December 20th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and fifteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $101.74.
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About Dollar Tree
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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