Citigroup Inc. Boosts Stock Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Citigroup Inc. raised its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 30.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 449,763 shares of the company's stock after purchasing an additional 104,684 shares during the quarter. Citigroup Inc. owned 0.21% of Dollar Tree worth $31,627,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Raymond James Trust N.A. lifted its holdings in Dollar Tree by 66.3% during the third quarter. Raymond James Trust N.A. now owns 8,309 shares of the company's stock valued at $584,000 after purchasing an additional 3,313 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Dollar Tree by 0.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,253,423 shares of the company's stock valued at $88,141,000 after purchasing an additional 10,681 shares in the last quarter. Primecap Management Co. CA lifted its holdings in Dollar Tree by 5.5% during the third quarter. Primecap Management Co. CA now owns 3,030,845 shares of the company's stock valued at $213,129,000 after purchasing an additional 158,385 shares in the last quarter. Intech Investment Management LLC lifted its holdings in Dollar Tree by 68.5% during the third quarter. Intech Investment Management LLC now owns 257,138 shares of the company's stock valued at $18,082,000 after purchasing an additional 104,508 shares in the last quarter. Finally, Anthracite Investment Company Inc. purchased a new position in Dollar Tree during the third quarter valued at approximately $2,813,000. Hedge funds and other institutional investors own 97.40% of the company's stock.

Dollar Tree Trading Down 0.9 %

DLTR stock traded down $0.66 during mid-day trading on Tuesday, reaching $69.12. 3,181,533 shares of the stock traded hands, compared to its average volume of 3,416,546. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.17 and a current ratio of 1.02. Dollar Tree, Inc. has a one year low of $60.49 and a one year high of $151.21. The stock has a market capitalization of $14.86 billion, a PE ratio of -14.16, a PEG ratio of 2.63 and a beta of 0.87. The business has a 50-day moving average price of $67.62 and a two-hundred day moving average price of $89.33.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last posted its quarterly earnings data on Wednesday, September 4th. The company reported $0.67 earnings per share for the quarter, missing analysts' consensus estimates of $1.04 by ($0.37). Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. The firm had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.49 billion. During the same quarter last year, the firm earned $0.91 EPS. The company's revenue was up .7% on a year-over-year basis. Equities research analysts expect that Dollar Tree, Inc. will post 5.35 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. UBS Group lowered their target price on shares of Dollar Tree from $155.00 to $105.00 and set a "buy" rating on the stock in a report on Thursday, September 5th. StockNews.com downgraded shares of Dollar Tree from a "hold" rating to a "sell" rating in a report on Wednesday, November 20th. Sanford C. Bernstein assumed coverage on shares of Dollar Tree in a report on Tuesday, October 22nd. They issued a "market perform" rating and a $76.00 target price on the stock. Melius Research assumed coverage on shares of Dollar Tree in a report on Monday, September 23rd. They issued a "hold" rating and a $70.00 target price on the stock. Finally, Telsey Advisory Group downgraded shares of Dollar Tree from an "outperform" rating to a "market perform" rating and lowered their target price for the stock from $95.00 to $75.00 in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $87.95.

Insider Buying and Selling at Dollar Tree

In related news, Director Daniel J. Heinrich purchased 2,200 shares of the business's stock in a transaction dated Friday, September 6th. The shares were purchased at an average cost of $68.27 per share, for a total transaction of $150,194.00. Following the completion of the acquisition, the director now owns 9,823 shares in the company, valued at approximately $670,616.21. This trade represents a 28.86 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 6.80% of the company's stock.

Dollar Tree Profile

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.