Kercheville Advisors LLC Invests $300,000 in Dollar Tree, Inc. (NASDAQ:DLTR)

Kercheville Advisors LLC acquired a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,000 shares of the company's stock, valued at approximately $300,000.

Other institutional investors also recently modified their holdings of the company. State Street Corp grew its holdings in shares of Dollar Tree by 6.8% during the 3rd quarter. State Street Corp now owns 9,427,910 shares of the company's stock worth $662,971,000 after purchasing an additional 596,191 shares in the last quarter. EdgePoint Investment Group Inc. boosted its stake in Dollar Tree by 0.5% during the third quarter. EdgePoint Investment Group Inc. now owns 6,939,526 shares of the company's stock worth $487,987,000 after acquiring an additional 35,862 shares in the last quarter. Primecap Management Co. CA raised its position in shares of Dollar Tree by 5.5% during the third quarter. Primecap Management Co. CA now owns 3,030,845 shares of the company's stock worth $213,129,000 after purchasing an additional 158,385 shares during the period. Janus Henderson Group PLC increased its holdings in Dollar Tree by 9.8% during the 3rd quarter. Janus Henderson Group PLC now owns 1,844,762 shares of the company's stock worth $129,724,000 after purchasing an additional 165,398 shares in the last quarter. Finally, Equity Investment Corp lifted its position in shares of Dollar Tree by 95.9% during the third quarter. Equity Investment Corp now owns 1,525,374 shares of the company's stock valued at $107,264,000 after purchasing an additional 746,913 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. StockNews.com upgraded Dollar Tree from a "sell" rating to a "hold" rating in a research report on Thursday, December 5th. KeyCorp cut Dollar Tree from an "overweight" rating to a "sector weight" rating in a research note on Thursday, November 7th. Jefferies Financial Group upped their target price on shares of Dollar Tree from $70.00 to $75.00 and gave the stock a "hold" rating in a research report on Wednesday, December 4th. BMO Capital Markets increased their price target on shares of Dollar Tree from $65.00 to $70.00 and gave the company a "market perform" rating in a report on Thursday, December 5th. Finally, Citigroup upped their price objective on Dollar Tree from $64.00 to $76.00 and gave the company a "neutral" rating in a research report on Thursday, December 5th. Seventeen research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Dollar Tree presently has a consensus rating of "Hold" and a consensus price target of $85.58.

Dollar Tree Stock Performance

Shares of DLTR stock traded down $1.86 during mid-day trading on Friday, hitting $72.66. 1,911,654 shares of the stock were exchanged, compared to its average volume of 2,529,005. The stock has a market capitalization of $15.62 billion, a price-to-earnings ratio of -15.23, a P/E/G ratio of 2.11 and a beta of 0.89. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $151.21. The stock's fifty day simple moving average is $72.86 and its two-hundred day simple moving average is $75.60.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its earnings results on Wednesday, December 4th. The company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.05. The company had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $7.45 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The company's revenue was up 3.5% on a year-over-year basis. During the same period last year, the business posted $0.97 EPS. On average, analysts forecast that Dollar Tree, Inc. will post 5.39 EPS for the current year.

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.