Headlands Technologies LLC trimmed its position in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 90.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,802 shares of the company's stock after selling 57,005 shares during the period. Headlands Technologies LLC's holdings in Dollar Tree were worth $436,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in Dollar Tree by 1.7% in the first quarter. Vanguard Group Inc. now owns 23,839,718 shares of the company's stock worth $1,789,648,000 after purchasing an additional 389,490 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its position in Dollar Tree by 5.7% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 9,920,748 shares of the company's stock worth $743,461,000 after purchasing an additional 533,920 shares during the last quarter. Capital International Investors boosted its position in Dollar Tree by 30.1% in the fourth quarter. Capital International Investors now owns 8,753,693 shares of the company's stock worth $656,000,000 after purchasing an additional 2,023,819 shares during the last quarter. EdgePoint Investment Group Inc. boosted its position in Dollar Tree by 14.4% in the fourth quarter. EdgePoint Investment Group Inc. now owns 7,940,163 shares of the company's stock worth $595,036,000 after purchasing an additional 1,000,637 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC boosted its position in Dollar Tree by 382.7% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 6,524,870 shares of the company's stock worth $488,974,000 after purchasing an additional 5,173,238 shares during the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Dollar Tree
In other news, CMO Richard L. Mcneely sold 21,026 shares of Dollar Tree stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $94.62, for a total value of $1,989,480.12. Following the completion of the transaction, the chief marketing officer owned 50,419 shares in the company, valued at approximately $4,770,645.78. The trade was a 29.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 6.60% of the company's stock.
Dollar Tree Stock Performance
NASDAQ:DLTR opened at $116.12 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.04 and a quick ratio of 0.72. Dollar Tree, Inc. has a 1 year low of $60.49 and a 1 year high of $118.06. The stock's 50 day simple moving average is $104.62 and its two-hundred day simple moving average is $85.96. The company has a market cap of $24.23 billion, a price-to-earnings ratio of -8.38, a PEG ratio of 2.49 and a beta of 0.88.
Dollar Tree (NASDAQ:DLTR - Get Free Report) last released its quarterly earnings data on Wednesday, June 4th. The company reported $1.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.21 by $0.05. Dollar Tree had a positive return on equity of 19.36% and a negative net margin of 12.15%. The business had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.52 billion. During the same quarter in the previous year, the company posted $1.43 EPS. The company's revenue was up 11.3% compared to the same quarter last year. As a group, equities analysts anticipate that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.
Dollar Tree declared that its board has initiated a share buyback plan on Wednesday, July 9th that allows the company to buyback $2.50 billion in shares. This buyback authorization allows the company to buy up to 11.5% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's leadership believes its shares are undervalued.
Analyst Ratings Changes
Several research analysts have recently commented on the company. JPMorgan Chase & Co. raised their price objective on Dollar Tree from $111.00 to $138.00 and gave the stock an "overweight" rating in a research note on Monday, July 21st. BMO Capital Markets raised their price objective on Dollar Tree from $80.00 to $85.00 and gave the stock a "market perform" rating in a research note on Thursday, June 5th. Morgan Stanley raised their price objective on Dollar Tree from $80.00 to $96.00 and gave the stock an "equal weight" rating in a research note on Thursday, June 5th. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $95.00 price objective on shares of Dollar Tree in a research note on Wednesday, June 4th. Finally, Jefferies Financial Group assumed coverage on Dollar Tree in a research note on Thursday, July 17th. They issued a "hold" rating and a $106.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $97.74.
Read Our Latest Analysis on Dollar Tree
Dollar Tree Profile
(
Free Report)
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.
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