Stonebridge Financial Group LLC Takes Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Stonebridge Financial Group LLC acquired a new stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 1,614 shares of the company’s stock, valued at approximately $121,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Empower Advisory Group LLC raised its holdings in Dollar Tree by 41.3% during the third quarter. Empower Advisory Group LLC now owns 659,747 shares of the company’s stock valued at $46,393,000 after acquiring an additional 192,754 shares during the period. Farther Finance Advisors LLC grew its position in shares of Dollar Tree by 374.4% during the third quarter. Farther Finance Advisors LLC now owns 2,277 shares of the company’s stock worth $160,000 after purchasing an additional 1,797 shares in the last quarter. Equity Investment Corp raised its stake in Dollar Tree by 95.9% during the 3rd quarter. Equity Investment Corp now owns 1,525,374 shares of the company’s stock valued at $107,264,000 after purchasing an additional 746,913 shares during the period. Forest Avenue Capital Management LP purchased a new position in Dollar Tree in the 3rd quarter worth approximately $19,591,000. Finally, Anthracite Investment Company Inc. bought a new position in Dollar Tree in the 3rd quarter worth approximately $2,813,000. 97.40% of the stock is owned by hedge funds and other institutional investors.

Dollar Tree Price Performance

Dollar Tree stock opened at $71.74 on Thursday. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $151.21. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32. The firm has a 50-day moving average price of $72.88 and a 200-day moving average price of $74.98. The firm has a market capitalization of $15.42 billion, a PE ratio of -15.04, a price-to-earnings-growth ratio of 2.11 and a beta of 0.89.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Wednesday, December 4th. The company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.05. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The business had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $7.45 billion. During the same quarter last year, the firm earned $0.97 earnings per share. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. As a group, equities research analysts forecast that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on DLTR shares. Jefferies Financial Group lifted their price objective on shares of Dollar Tree from $70.00 to $75.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th. JPMorgan Chase & Co. lifted their price target on shares of Dollar Tree from $70.00 to $82.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Citigroup boosted their price target on shares of Dollar Tree from $64.00 to $76.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Evercore ISI cut their price objective on Dollar Tree from $94.00 to $92.00 and set an “in-line” rating for the company in a research report on Tuesday, December 3rd. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $75.00 target price on shares of Dollar Tree in a report on Friday, December 20th. Seventeen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $85.58.

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.