Lifeworks Advisors LLC Raises Stock Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Lifeworks Advisors LLC lifted its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 11.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,993 shares of the company’s stock after acquiring an additional 614 shares during the quarter. Lifeworks Advisors LLC’s holdings in Dollar Tree were worth $421,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Strategic Financial Concepts LLC purchased a new stake in shares of Dollar Tree during the second quarter valued at approximately $26,000. Mather Group LLC. grew its holdings in Dollar Tree by 198.9% during the second quarter. Mather Group LLC. now owns 281 shares of the company’s stock valued at $30,000 after purchasing an additional 187 shares during the period. Eastern Bank bought a new position in Dollar Tree during the third quarter valued at $34,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Dollar Tree during the second quarter valued at $37,000. Finally, Blue Trust Inc. grew its holdings in Dollar Tree by 174.5% during the second quarter. Blue Trust Inc. now owns 431 shares of the company’s stock valued at $46,000 after purchasing an additional 274 shares during the period. 97.40% of the stock is owned by hedge funds and other institutional investors.

Dollar Tree Stock Performance

NASDAQ DLTR opened at $65.67 on Friday. The stock’s 50-day simple moving average is $68.05 and its two-hundred day simple moving average is $92.93. Dollar Tree, Inc. has a twelve month low of $60.49 and a twelve month high of $151.21. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.17 and a current ratio of 1.02.

Dollar Tree (NASDAQ:DLTR) last released 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). The company had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.49 billion. Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. The firm’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.91 EPS. As a group, equities research analysts predict that Dollar Tree, Inc. will post 5.34 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on DLTR shares. Melius Research started coverage on Dollar Tree in a report on Monday, September 23rd. They set a “hold” rating and a $70.00 price objective for the company. JPMorgan Chase & Co. increased their price objective on Dollar Tree from $70.00 to $82.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Morgan Stanley reduced their price objective on Dollar Tree from $130.00 to $80.00 and set an “equal weight” rating for the company in a report on Thursday, September 5th. Citigroup reduced their price objective on Dollar Tree from $120.00 to $64.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. Finally, Guggenheim cut their price target on Dollar Tree from $150.00 to $120.00 and set a “buy” rating for the company in a report on Friday, September 6th. Sixteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $88.11.

Insider Transactions at Dollar Tree

In other Dollar Tree news, Director Daniel J. Heinrich bought 2,200 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were bought at an average cost of $68.27 per share, with a total value of $150,194.00. Following the completion of the purchase, the director now directly owns 9,823 shares of the company’s stock, valued at $670,616.21. This trade represents a 28.86 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 6.80% of the company’s stock.

Dollar Tree 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.