Mackay Shields LLC trimmed its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 60.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,115 shares of the company’s stock after selling 60,975 shares during the period. Mackay Shields LLC’s holdings in Dollar Tree were worth $4,466,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Carlson Capital L P bought a new position in Dollar Tree during the second quarter valued at approximately $22,027,000. Nelson Roberts Investment Advisors LLC grew its position in Dollar Tree by 12.8% during the second quarter. Nelson Roberts Investment Advisors LLC now owns 882 shares of the company’s stock valued at $95,000 after acquiring an additional 100 shares during the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH grew its position in Dollar Tree by 76.8% during the third quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 16,393 shares of the company’s stock valued at $1,866,000 after acquiring an additional 7,123 shares during the last quarter. Pitcairn Co. grew its position in Dollar Tree by 39.0% during the second quarter. Pitcairn Co. now owns 9,572 shares of the company’s stock valued at $1,028,000 after acquiring an additional 2,688 shares during the last quarter. Finally, Rhumbline Advisers grew its position in Dollar Tree by 0.8% during the third quarter. Rhumbline Advisers now owns 401,936 shares of the company’s stock valued at $45,885,000 after acquiring an additional 3,102 shares during the last quarter. Institutional investors own 94.13% of the company’s stock.
DLTR has been the topic of a number of recent research reports. TheStreet cut shares of Dollar Tree from a “b-” rating to a “c+” rating in a research report on Wednesday, July 31st. Wells Fargo & Co increased their price target on shares of Dollar Tree from $130.00 to $140.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Credit Suisse Group increased their price target on shares of Dollar Tree from $110.00 to $125.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. JPMorgan Chase & Co. increased their price target on shares of Dollar Tree from $116.00 to $125.00 and gave the company an “overweight” rating in a research report on Wednesday, September 11th. Finally, Citigroup set a $120.00 price target on shares of Dollar Tree and gave the company a “hold” rating in a research report on Friday, September 27th. Twelve investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $110.34.
Shares of NASDAQ:DLTR traded down $2.12 during trading on Friday, reaching $110.35. 1,297,700 shares of the company traded hands, compared to its average volume of 2,117,290. Dollar Tree, Inc. has a 52-week low of $81.02 and a 52-week high of $119.71. The business’s fifty day moving average is $113.99 and its 200-day moving average is $106.69. The firm has a market capitalization of $26.80 billion, a price-to-earnings ratio of 20.25, a P/E/G ratio of 2.74 and a beta of 0.55. The company has a current ratio of 1.06, a quick ratio of 0.21 and a debt-to-equity ratio of 1.41.
Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Thursday, August 29th. The company reported $0.76 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.20). Dollar Tree had a positive return on equity of 19.76% and a negative net margin of 6.77%. The business had revenue of $5.74 billion during the quarter, compared to the consensus estimate of $5.72 billion. During the same quarter in the previous year, the business posted $1.15 earnings per share. Dollar Tree’s quarterly revenue was up 3.9% compared to the same quarter last year. On average, sell-side analysts predict that Dollar Tree, Inc. will post 5.18 earnings per share for the current fiscal year.
Dollar Tree Profile
Dollar Tree, Inc operates discount variety retail stores. It operates through two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods that include Valentine's Day, Easter, Halloween, and Christmas merchandise.
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