KBC Group NV Buys 827 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

KBC Group NV grew its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 3.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,999 shares of the company’s stock after purchasing an additional 827 shares during the period. KBC Group NV’s holdings in Dollar Tree were worth $1,968,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of DLTR. Primecap Management Co. CA lifted its position in Dollar Tree by 50.0% in the second quarter. Primecap Management Co. CA now owns 2,872,460 shares of the company’s stock worth $306,693,000 after buying an additional 957,275 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of Dollar Tree by 14.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 2,837,433 shares of the company’s stock worth $377,804,000 after purchasing an additional 348,442 shares during the period. Dimensional Fund Advisors LP grew its holdings in Dollar Tree by 5.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,492,814 shares of the company’s stock valued at $266,124,000 after purchasing an additional 138,042 shares during the last quarter. American Century Companies Inc. grew its holdings in Dollar Tree by 6.6% during the 2nd quarter. American Century Companies Inc. now owns 2,003,910 shares of the company’s stock valued at $213,958,000 after purchasing an additional 124,021 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in Dollar Tree by 488.4% in the 2nd quarter. Renaissance Technologies LLC now owns 1,044,595 shares of the company’s stock worth $111,531,000 after purchasing an additional 867,054 shares during the period. 97.40% of the stock is owned by institutional investors.

Dollar Tree Trading Up 3.6 %

NASDAQ:DLTR opened at $66.53 on Tuesday. The stock has a market capitalization of $14.30 billion, a price-to-earnings ratio of -13.63, a PEG ratio of 2.71 and a beta of 0.87. Dollar Tree, Inc. has a 52 week low of $60.49 and a 52 week high of $151.21. The company has a quick ratio of 0.17, a current ratio of 1.02 and a debt-to-equity ratio of 0.33. The firm has a 50 day moving average of $67.93 and a 200 day moving average of $91.62.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Wednesday, September 4th. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.37). Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. The business had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.49 billion. During the same quarter in the prior year, the company posted $0.91 EPS. The business’s revenue for the quarter was up .7% on a year-over-year basis. As a group, sell-side analysts anticipate that Dollar Tree, Inc. will post 5.35 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on DLTR. Barclays cut their target price on Dollar Tree from $128.00 to $81.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 5th. Sanford C. Bernstein assumed coverage on Dollar Tree in a research report on Tuesday, October 22nd. They issued a “market perform” rating and a $76.00 price objective on the stock. JPMorgan Chase & Co. boosted their target price on shares of Dollar Tree from $70.00 to $82.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. The Goldman Sachs Group reduced their price target on shares of Dollar Tree from $145.00 to $90.00 and set a “buy” rating on the stock in a research note on Tuesday, September 10th. Finally, Wells Fargo & Company lowered their price objective on shares of Dollar Tree from $130.00 to $100.00 and set an “overweight” rating for the company in a research report on Thursday, September 5th. Sixteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Dollar Tree currently has an average rating of “Hold” and a consensus target price of $87.95.

Insiders Place Their Bets

In other Dollar Tree news, Director Daniel J. Heinrich purchased 2,200 shares of the stock in a transaction on Friday, September 6th. The stock was acquired at an average price of $68.27 per share, with a total value of $150,194.00. Following the completion of the acquisition, the director now owns 9,823 shares in the company, valued at $670,616.21. The trade was a 28.86 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 6.80% of the company’s stock.

About Dollar Tree

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.