Chartwell Investment Partners LLC lowered its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR – Get Rating) by 5.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 52,334 shares of the company’s stock after selling 3,048 shares during the period. Chartwell Investment Partners LLC’s holdings in Dollar Tree were worth $7,512,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the stock. National Bank of Canada FI grew its holdings in shares of Dollar Tree by 402.4% in the first quarter. National Bank of Canada FI now owns 991,336 shares of the company’s stock valued at $142,330,000 after purchasing an additional 793,999 shares during the period. Massmutual Trust Co. FSB ADV grew its stake in shares of Dollar Tree by 92.3% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 200 shares of the company’s stock valued at $29,000 after buying an additional 96 shares during the period. Chemistry Wealth Management LLC increased its holdings in shares of Dollar Tree by 3.1% during the 1st quarter. Chemistry Wealth Management LLC now owns 4,142 shares of the company’s stock worth $595,000 after buying an additional 125 shares during the last quarter. Veracity Capital LLC raised its position in shares of Dollar Tree by 6.3% during the 1st quarter. Veracity Capital LLC now owns 4,049 shares of the company’s stock valued at $581,000 after buying an additional 240 shares during the period. Finally, Radnor Capital Management LLC lifted its holdings in Dollar Tree by 5.5% in the first quarter. Radnor Capital Management LLC now owns 10,430 shares of the company’s stock valued at $1,497,000 after acquiring an additional 540 shares during the last quarter. 99.78% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on the company. BMO Capital Markets reduced their target price on Dollar Tree from $187.00 to $170.00 in a research report on Friday, May 26th. UBS Group boosted their price objective on shares of Dollar Tree from $165.00 to $175.00 in a report on Thursday. Barclays lowered their target price on shares of Dollar Tree from $145.00 to $138.00 in a research note on Friday, May 26th. Citigroup reduced their price target on shares of Dollar Tree from $180.00 to $167.00 in a research note on Friday, May 26th. Finally, Wells Fargo & Company lowered their price objective on shares of Dollar Tree from $170.00 to $155.00 in a research report on Friday, May 26th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $155.93.
Dollar Tree Stock Performance
NASDAQ:DLTR opened at $143.67 on Friday. The firm has a market capitalization of $31.66 billion, a PE ratio of 23.21, a price-to-earnings-growth ratio of 2.48 and a beta of 0.68. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.51 and a quick ratio of 0.28. The business’s fifty day moving average price is $146.60 and its 200 day moving average price is $145.62. Dollar Tree, Inc. has a 12 month low of $128.85 and a 12 month high of $175.68.
Dollar Tree (NASDAQ:DLTR – Get Rating) last released its quarterly earnings data on Thursday, May 25th. The company reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.07). The business had revenue of $7.32 billion during the quarter, compared to analysts’ expectations of $7.27 billion. Dollar Tree had a net margin of 4.79% and a return on equity of 16.36%. The company’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.37 EPS. On average, sell-side analysts anticipate that Dollar Tree, Inc. will post 6 earnings per share for the current fiscal year.
Insider Activity
In related news, CFO Jeffrey A. Davis purchased 1,790 shares of Dollar Tree stock in a transaction that occurred on Monday, March 27th. The stock was purchased at an average cost of $139.06 per share, with a total value of $248,917.40. Following the completion of the transaction, the chief financial officer now directly owns 15,006 shares in the company, valued at $2,086,734.36. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 6.00% of the company’s stock.
About Dollar Tree
Dollar Tree, Inc operates discount variety retail 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.