Paladin Advisory Group LLC Cuts Stock Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Paladin Advisory Group LLC reduced its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 11.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,071 shares of the company’s stock after selling 132 shares during the quarter. Paladin Advisory Group LLC’s holdings in Dollar Tree were worth $152,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. lifted its stake in shares of Dollar Tree by 0.3% in the 1st quarter. BlackRock Inc. now owns 16,041,782 shares of the company’s stock valued at $2,302,798,000 after acquiring an additional 50,496 shares during the last quarter. Mantle Ridge LP lifted its stake in shares of Dollar Tree by 11,365,431.0% in the 1st quarter. Mantle Ridge LP now owns 11,365,531 shares of the company’s stock valued at $1,820,190,000 after acquiring an additional 11,365,431 shares during the last quarter. State Street Corp lifted its stake in shares of Dollar Tree by 8.4% in the 1st quarter. State Street Corp now owns 8,933,338 shares of the company’s stock valued at $1,282,378,000 after acquiring an additional 692,658 shares during the last quarter. Morgan Stanley lifted its stake in shares of Dollar Tree by 95.9% in the 4th quarter. Morgan Stanley now owns 4,383,897 shares of the company’s stock valued at $620,059,000 after acquiring an additional 2,145,910 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its stake in shares of Dollar Tree by 0.7% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 4,063,966 shares of the company’s stock valued at $574,808,000 after acquiring an additional 26,903 shares during the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company boosted their target price on Dollar Tree from $160.00 to $180.00 and gave the company an “overweight” rating in a research note on Monday, March 4th. Evercore ISI lowered their price target on Dollar Tree from $144.00 to $142.00 and set an “in-line” rating for the company in a research report on Tuesday. StockNews.com raised Dollar Tree from a “sell” rating to a “hold” rating in a research report on Wednesday, March 27th. Loop Capital lowered their price target on Dollar Tree from $195.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday, March 14th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Dollar Tree in a research report on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat, Dollar Tree has a consensus rating of “Moderate Buy” and an average price target of $150.05.

Insider Buying and Selling at Dollar Tree

In other Dollar Tree news, Director Daniel J. Heinrich bought 1,000 shares of the business’s stock in a transaction on Monday, March 18th. The shares were acquired at an average cost of $127.85 per share, for a total transaction of $127,850.00. Following the purchase, the director now owns 6,225 shares in the company, valued at approximately $795,866.25. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CFO Jeffrey A. Davis purchased 1,800 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were purchased at an average cost of $136.00 per share, for a total transaction of $244,800.00. Following the purchase, the chief financial officer now directly owns 19,047 shares in the company, valued at approximately $2,590,392. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Daniel J. Heinrich purchased 1,000 shares of the company’s stock in a transaction dated Monday, March 18th. The stock was purchased at an average price of $127.85 per share, for a total transaction of $127,850.00. Following the completion of the purchase, the director now owns 6,225 shares in the company, valued at $795,866.25. The disclosure for this purchase can be found here. Company insiders own 6.00% of the company’s stock.

Dollar Tree Stock Down 0.2 %

DLTR traded down $0.20 during trading on Friday, hitting $122.03. 1,957,137 shares of the company’s stock traded hands, compared to its average volume of 2,814,108. The company’s 50 day simple moving average is $136.42 and its two-hundred day simple moving average is $128.22. The company has a current ratio of 1.31, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. Dollar Tree, Inc. has a 12-month low of $102.77 and a 12-month high of $161.10. The stock has a market capitalization of $26.60 billion, a price-to-earnings ratio of -26.40, a PEG ratio of 1.17 and a beta of 0.90.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Wednesday, March 13th. The company reported $2.55 EPS for the quarter, missing the consensus estimate of $2.67 by ($0.12). Dollar Tree had a negative net margin of 3.26% and a positive return on equity of 15.11%. The business had revenue of $8.63 billion for the quarter, compared to analysts’ expectations of $8.66 billion. During the same quarter in the prior year, the business posted $2.04 earnings per share. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. Analysts predict that Dollar Tree, Inc. will post 6.91 earnings per share for the current fiscal year.

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.