Parkside Financial Bank & Trust lifted its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 47.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 302 shares of the company’s stock after purchasing an additional 97 shares during the period. Parkside Financial Bank & Trust’s holdings in Dollar Tree were worth $32,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Alps Advisors Inc. bought a new position in Dollar Tree during the 1st quarter worth $413,000. Bridges Investment Management Inc. bought a new position in shares of Dollar Tree in the 1st quarter worth about $667,000. New Jersey Better Educational Savings Trust raised its position in shares of Dollar Tree by 23.3% in the 1st quarter. New Jersey Better Educational Savings Trust now owns 3,700 shares of the company’s stock worth $389,000 after acquiring an additional 700 shares in the last quarter. Supplemental Annuity Collective Trust of NJ acquired a new stake in shares of Dollar Tree in the 1st quarter valued at about $840,000. Finally, Emerald Advisers LLC grew its stake in shares of Dollar Tree by 25.5% in the 1st quarter. Emerald Advisers LLC now owns 17,042 shares of the company’s stock valued at $1,790,000 after buying an additional 3,459 shares during the period. Institutional investors own 94.21% of the company’s stock.
In related news, insider Robert H. Rudman sold 5,110 shares of the company’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $104.43, for a total value of $533,637.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gary M. Philbin sold 9,614 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now owns 84,665 shares of the company’s stock, valued at $9,313,150. The disclosure for this sale can be found here. Insiders have sold a total of 43,561 shares of company stock valued at $4,537,642 over the last 90 days. Company insiders own 1.50% of the company’s stock.
Several analysts have recently commented on DLTR shares. Raymond James set a $107.00 target price on Dollar Tree and gave the company a “buy” rating in a research note on Tuesday, February 26th. Morgan Stanley lifted their price target on Dollar Tree from $90.00 to $92.00 and gave the company an “equal weight” rating in a research note on Thursday, March 7th. ValuEngine upgraded Dollar Tree from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. TheStreet downgraded Dollar Tree from a “b” rating to a “c” rating in a research note on Wednesday, March 6th. Finally, Evercore ISI started coverage on Dollar Tree in a research note on Wednesday, March 20th. They set an “inline” rating and a $90.00 price target for the company. Eleven investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $102.50.
DLTR stock traded down $1.95 during midday trading on Wednesday, reaching $95.32. 3,018,606 shares of the company’s stock traded hands, compared to its average volume of 2,264,917. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.05 and a quick ratio of 0.36. Dollar Tree, Inc. has a 52 week low of $78.78 and a 52 week high of $111.61. The stock has a market capitalization of $23.20 billion, a price-to-earnings ratio of 17.49, a PEG ratio of 1.90 and a beta of 0.44.
Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Wednesday, March 6th. The company reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.92 by $0.01. The business had revenue of $6.21 billion for the quarter, compared to analysts’ expectations of $6.19 billion. Dollar Tree had a negative net margin of 6.97% and a positive return on equity of 18.21%. The business’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.89 EPS. Equities research analysts anticipate that Dollar Tree, Inc. will post 5.27 EPS for the current year.
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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