Wolverine Asset Management LLC Acquires Shares of 188,000 Dollar Tree, Inc. (NASDAQ:DLTR)

Wolverine Asset Management LLC acquired a new stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 188,000 shares of the company’s stock, valued at approximately $14,089,000. Wolverine Asset Management LLC owned about 0.09% of Dollar Tree at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in DLTR. Versant Capital Management Inc purchased a new position in Dollar Tree during the fourth quarter valued at $30,000. MassMutual Private Wealth & Trust FSB raised its stake in shares of Dollar Tree by 91.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock worth $33,000 after purchasing an additional 210 shares during the last quarter. Eastern Bank purchased a new position in shares of Dollar Tree in the third quarter worth $34,000. First Horizon Advisors Inc. raised its stake in shares of Dollar Tree by 105.6% in the third quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock worth $39,000 after purchasing an additional 284 shares during the last quarter. Finally, Sunbelt Securities Inc. raised its stake in shares of Dollar Tree by 738.7% in the third quarter. Sunbelt Securities Inc. now owns 629 shares of the company’s stock worth $44,000 after purchasing an additional 554 shares during the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Dollar Tree Stock Up 0.9 %

DLTR stock opened at $76.29 on Friday. 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 1.03 and a debt-to-equity ratio of 0.32. The stock has a market cap of $16.40 billion, a P/E ratio of -15.99, a PEG ratio of 2.11 and a beta of 0.89. The business’s 50-day moving average price is $73.04 and its 200-day moving average price is $73.94.

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

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DLTR. StockNews.com upgraded Dollar Tree from a “sell” rating to a “hold” rating in a research note on Thursday, December 5th. Evercore ISI decreased their price target on Dollar Tree from $94.00 to $92.00 and set an “in-line” rating for the company in a research note on Tuesday, December 3rd. Guggenheim decreased their price target on Dollar Tree from $120.00 to $100.00 and set a “buy” rating for the company in a research note on Friday, December 6th. KeyCorp cut Dollar Tree from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 7th. Finally, Loop Capital boosted their price target on Dollar Tree from $65.00 to $75.00 and gave the stock a “hold” rating in a research note on Thursday, December 5th. Seventeen analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price 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.