Morningstar Investment Services LLC lowered its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 5.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 90,612 shares of the company’s stock after selling 4,953 shares during the quarter. Morningstar Investment Services LLC’s holdings in Dollar Tree were worth $8,488,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of DLTR. Eudaimonia Partners LLC acquired a new position in Dollar Tree in the 1st quarter worth approximately $26,000. Bessemer Group Inc. increased its holdings in Dollar Tree by 335.7% in the 1st quarter. Bessemer Group Inc. now owns 366 shares of the company’s stock worth $27,000 after buying an additional 282 shares during the period. Heritage Wealth Advisors increased its holdings in Dollar Tree by 28,706.9% in the 2nd quarter. Heritage Wealth Advisors now owns 91,606 shares of the company’s stock worth $29,000 after buying an additional 91,288 shares during the period. First Bank & Trust acquired a new position in Dollar Tree in the 1st quarter worth approximately $41,000. Finally, Bainco International Investors acquired a new position in Dollar Tree in the 1st quarter worth approximately $41,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.
Several equities research analysts have commented on DLTR shares. BMO Capital Markets upped their price objective on Dollar Tree from $85.00 to $105.00 and gave the stock a “market perform” rating in a research report on Monday, June 1st. Telsey Advisory Group upped their price objective on Dollar Tree from $92.00 to $112.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. TheStreet upgraded Dollar Tree from a “c+” rating to a “b” rating in a research report on Thursday, June 25th. Goldman Sachs Group started coverage on Dollar Tree in a research report on Monday, May 18th. They issued a “buy” rating and a $89.00 price objective on the stock. Finally, Wells Fargo & Co upped their price objective on Dollar Tree from $97.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $104.09.
Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Thursday, May 28th. The company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.19. The company had revenue of $6.29 billion for the quarter, compared to analyst estimates of $6.14 billion. Dollar Tree had a return on equity of 18.69% and a net margin of 3.35%. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.14 EPS. Sell-side analysts predict that Dollar Tree, Inc. will post 4.66 EPS for the current year.
Dollar Tree Company 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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