Strategic Financial Concepts LLC Purchases Shares of 17,086 Dollar Tree, Inc. (NASDAQ:DLTR)

Strategic Financial Concepts LLC purchased a new stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 17,086 shares of the company’s stock, valued at approximately $1,280,000.

Several other hedge funds and other institutional investors have also made changes to their positions in DLTR. State Street Corp raised its stake in Dollar Tree by 6.8% during the 3rd quarter. State Street Corp now owns 9,427,910 shares of the company’s stock valued at $662,971,000 after acquiring an additional 596,191 shares in the last quarter. EdgePoint Investment Group Inc. increased its holdings in shares of Dollar Tree by 0.5% during the third quarter. EdgePoint Investment Group Inc. now owns 6,939,526 shares of the company’s stock valued at $487,987,000 after purchasing an additional 35,862 shares during the period. Primecap Management Co. CA raised its stake in shares of Dollar Tree by 5.5% during the third quarter. Primecap Management Co. CA now owns 3,030,845 shares of the company’s stock valued at $213,129,000 after purchasing an additional 158,385 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in Dollar Tree by 9.8% in the third quarter. Janus Henderson Group PLC now owns 1,844,762 shares of the company’s stock worth $129,724,000 after purchasing an additional 165,398 shares during the period. Finally, Equity Investment Corp grew its position in Dollar Tree by 95.9% in the 3rd quarter. Equity Investment Corp now owns 1,525,374 shares of the company’s stock valued at $107,264,000 after buying an additional 746,913 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Dollar Tree Stock Performance

Shares of Dollar Tree stock opened at $74.52 on Wednesday. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $151.21. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. The stock has a market cap of $16.02 billion, a PE ratio of -15.62, a price-to-earnings-growth ratio of 2.11 and a beta of 0.89. The business has a fifty day simple moving average of $72.82 and a 200-day simple moving average of $74.09.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Wednesday, December 4th. The company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.05. The company had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $7.45 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.97 EPS. On average, sell-side analysts anticipate that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on DLTR. BMO Capital Markets boosted their price target on shares of Dollar Tree from $65.00 to $70.00 and gave the stock a “market perform” rating in a research report on Thursday, December 5th. JPMorgan Chase & Co. boosted their target price on Dollar Tree from $70.00 to $82.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Jefferies Financial Group increased their price target on Dollar Tree from $70.00 to $75.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th. Guggenheim dropped their price objective on Dollar Tree from $120.00 to $100.00 and set a “buy” rating on the stock in a research note on Friday, December 6th. Finally, Sanford C. Bernstein initiated coverage on Dollar Tree in a research note on Tuesday, October 22nd. They set a “market perform” rating and a $76.00 target price for the company. Seventeen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $85.58.

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.