Cozad Asset Management Inc. trimmed its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 5.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,784 shares of the company’s stock after selling 990 shares during the period. Cozad Asset Management Inc.’s holdings in Dollar Tree were worth $2,017,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Patriot Financial Group Insurance Agency LLC grew its holdings in Dollar Tree by 1,394.4% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 269 shares of the company’s stock worth $29,000 after acquiring an additional 251 shares during the period. Berman Capital Advisors LLC boosted its position in shares of Dollar Tree by 52.5% during the 1st quarter. Berman Capital Advisors LLC now owns 305 shares of the company’s stock worth $32,000 after purchasing an additional 105 shares in the last quarter. Coastal Investment Advisors Inc. boosted its position in shares of Dollar Tree by 1,515.0% during the 2nd quarter. Coastal Investment Advisors Inc. now owns 323 shares of the company’s stock worth $34,000 after purchasing an additional 303 shares in the last quarter. Bremer Bank National Association bought a new position in shares of Dollar Tree during the 1st quarter worth about $45,000. Finally, Commonwealth Bank of Australia boosted its position in shares of Dollar Tree by 39.5% during the 2nd quarter. Commonwealth Bank of Australia now owns 569 shares of the company’s stock worth $58,000 after purchasing an additional 161 shares in the last quarter. Institutional investors and hedge funds own 94.00% of the company’s stock.
NASDAQ DLTR traded up $0.81 during trading hours on Thursday, hitting $112.17. The company’s stock had a trading volume of 16,687 shares, compared to its average volume of 2,246,087. The company has a current ratio of 1.06, a quick ratio of 0.21 and a debt-to-equity ratio of 1.41. The company has a market capitalization of $26.42 billion, a PE ratio of 20.56, a price-to-earnings-growth ratio of 2.08 and a beta of 0.54. Dollar Tree, Inc. has a 52 week low of $78.78 and a 52 week high of $113.38. The company’s 50-day simple moving average is $99.14 and its two-hundred day simple moving average is $103.40.
Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Thursday, August 29th. The company reported $0.76 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.20). The firm had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.72 billion. Dollar Tree had a negative net margin of 6.77% and a positive return on equity of 19.76%. The company’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the business posted $1.15 EPS. Research analysts anticipate that Dollar Tree, Inc. will post 5.23 EPS for the current fiscal year.
In other Dollar Tree news, CFO Kevin S. Wampler sold 20,470 shares of the stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $109.83, for a total value of $2,248,220.10. Following the completion of the sale, the chief financial officer now owns 128,571 shares in the company, valued at approximately $14,120,952.93. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Gary Maxwell sold 2,800 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $107.15, for a total transaction of $300,020.00. Following the completion of the sale, the insider now owns 7,254 shares of the company’s stock, valued at approximately $777,266.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 50,270 shares of company stock valued at $5,553,455. Company insiders own 1.40% of the company’s stock.
A number of equities analysts have recently issued reports on DLTR shares. KeyCorp reissued an “overweight” rating and set a $115.00 price objective (up previously from $108.00) on shares of Dollar Tree in a research report on Friday, May 31st. Credit Suisse Group set a $110.00 price objective on shares of Dollar Tree and gave the stock a “buy” rating in a research report on Friday, August 30th. OTR Global raised shares of Dollar Tree from a “mixed” rating to a “positive” rating in a research report on Friday, August 23rd. Morgan Stanley cut their price objective on shares of Dollar Tree from $101.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Monday, June 3rd. Finally, TheStreet cut shares of Dollar Tree from a “b-” rating to a “c+” rating in a research report on Wednesday, July 31st. Thirteen equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Dollar Tree currently has an average rating of “Buy” and a consensus target price of $105.21.
Dollar Tree Company Profile
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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