Dollar Tree, Inc. (NASDAQ:DLTR) Shares Bought by Stephens Inc. AR

Stephens Inc. AR increased its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 30.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,825 shares of the company’s stock after buying an additional 3,249 shares during the quarter. Stephens Inc. AR’s holdings in Dollar Tree were worth $972,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Sanctuary Advisors LLC bought a new position in shares of Dollar Tree during the 2nd quarter valued at about $779,000. Raymond James & Associates lifted its stake in Dollar Tree by 80.6% during the third quarter. Raymond James & Associates now owns 310,084 shares of the company’s stock valued at $21,805,000 after purchasing an additional 138,415 shares during the last quarter. Forsta AP Fonden boosted its holdings in Dollar Tree by 174.7% during the third quarter. Forsta AP Fonden now owns 98,600 shares of the company’s stock worth $6,934,000 after buying an additional 62,700 shares in the last quarter. Point72 Asset Management L.P. grew its position in Dollar Tree by 165.4% in the second quarter. Point72 Asset Management L.P. now owns 1,028,411 shares of the company’s stock worth $109,803,000 after buying an additional 640,848 shares during the last quarter. Finally, Smithbridge Asset Management Inc. DE grew its position in Dollar Tree by 74.6% in the third quarter. Smithbridge Asset Management Inc. DE now owns 24,634 shares of the company’s stock worth $1,732,000 after buying an additional 10,522 shares during the last quarter. Institutional investors own 97.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on DLTR shares. Citigroup reduced their price objective on Dollar Tree from $120.00 to $64.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. UBS Group cut their price objective on Dollar Tree from $155.00 to $105.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Melius Research started coverage on shares of Dollar Tree in a research note on Monday, September 23rd. They set a “hold” rating and a $70.00 price objective for the company. Wells Fargo & Company dropped their target price on shares of Dollar Tree from $130.00 to $100.00 and set an “overweight” rating on the stock in a research report on Thursday, September 5th. Finally, Evercore ISI reduced their price target on shares of Dollar Tree from $105.00 to $100.00 and set an “in-line” rating for the company in a research report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $88.11.

Insider Transactions at Dollar Tree

In other news, Director Daniel J. Heinrich bought 2,200 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average cost of $68.27 per share, for a total transaction of $150,194.00. Following the purchase, the director now owns 9,823 shares of the company’s stock, valued at $670,616.21. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 6.80% of the stock is owned by corporate insiders.

Dollar Tree Stock Down 0.1 %

DLTR stock opened at $66.77 on Wednesday. The company has a current ratio of 1.02, a quick ratio of 0.17 and a debt-to-equity ratio of 0.33. The firm has a market cap of $14.35 billion, a PE ratio of -13.68, a PEG ratio of 2.82 and a beta of 0.87. Dollar Tree, Inc. has a 1 year low of $60.81 and a 1 year high of $151.21. The company has a fifty day simple moving average of $70.40 and a 200 day simple moving average of $95.23.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.37). Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. The company had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.49 billion. During the same quarter last year, the company posted $0.91 EPS. The business’s revenue was up .7% compared to the same quarter last year. Sell-side analysts anticipate that Dollar Tree, Inc. will post 5.33 EPS for the current fiscal year.

Dollar Tree Company Profile

Dollar Tree, Inc operates retail discount stores. The company operates in two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $ 1.25. It provides consumable merchandise, which includes everyday consumables, such as household paper and chemicals, food, candy, health, personal care products, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, arts and crafts supplies, and other items; and seasonal goods that include Christmas, Easter, Halloween, and Valentine's Day merchandise.