FORA Capital LLC Boosts Stock Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

FORA Capital LLC grew its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 66.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 107,422 shares of the company’s stock after purchasing an additional 42,898 shares during the quarter. Dollar Tree makes up 0.9% of FORA Capital LLC’s portfolio, making the stock its 23rd biggest position. FORA Capital LLC’s holdings in Dollar Tree were worth $7,554,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Primecap Management Co. CA raised its stake in Dollar Tree by 5.5% in the third quarter. Primecap Management Co. CA now owns 3,030,845 shares of the company’s stock worth $213,129,000 after buying an additional 158,385 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Dollar Tree by 5.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,492,814 shares of the company’s stock valued at $266,124,000 after acquiring an additional 138,042 shares during the period. American Century Companies Inc. raised its position in shares of Dollar Tree by 6.6% in the 2nd quarter. American Century Companies Inc. now owns 2,003,910 shares of the company’s stock worth $213,958,000 after acquiring an additional 124,021 shares in the last quarter. Equity Investment Corp lifted its stake in shares of Dollar Tree by 95.9% during the 3rd quarter. Equity Investment Corp now owns 1,525,374 shares of the company’s stock worth $107,264,000 after purchasing an additional 746,913 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Dollar Tree by 0.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,253,423 shares of the company’s stock valued at $88,141,000 after purchasing an additional 10,681 shares in the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Dollar Tree Stock Performance

Shares of NASDAQ:DLTR traded up $1.06 during midday trading on Wednesday, reaching $70.18. The company’s stock had a trading volume of 393,009 shares, compared to its average volume of 3,402,474. The stock has a fifty day moving average of $67.62 and a 200 day moving average of $89.33. Dollar Tree, Inc. has a twelve month low of $60.49 and a twelve month 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.

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

Insider Buying and Selling at Dollar Tree

In other news, Director Daniel J. Heinrich acquired 2,200 shares of the business’s stock in a transaction on Friday, September 6th. The stock was bought 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 of the company’s stock, valued at approximately $670,616.21. This represents a 28.86 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 6.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of Dollar Tree from $70.00 to $82.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Barclays reduced their price objective on shares of Dollar Tree from $128.00 to $81.00 and set an “equal weight” rating for the company in a research note on Thursday, September 5th. Wells Fargo & Company lowered their target price on shares of Dollar Tree from $130.00 to $100.00 and set an “overweight” rating for the company in a research note on Thursday, September 5th. Evercore ISI reduced their price target on Dollar Tree from $105.00 to $100.00 and set an “in-line” rating on the stock in a research report on Tuesday, October 22nd. Finally, Sanford C. Bernstein initiated coverage on Dollar Tree in a report on Tuesday, October 22nd. They set a “market perform” rating and a $76.00 price objective for the company. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, Dollar Tree currently has an average rating of “Hold” and a consensus target price of $87.95.

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.