Dollar Tree, Inc. (NASDAQ:DLTR) Shares Bought by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC grew its stake in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 45.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,351,632 shares of the company's stock after purchasing an additional 425,245 shares during the period. Kovitz Investment Group Partners LLC owned about 0.63% of Dollar Tree worth $95,994,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in DLTR. Cetera Investment Advisers grew its position in shares of Dollar Tree by 203.5% during the 1st quarter. Cetera Investment Advisers now owns 12,596 shares of the company's stock valued at $1,677,000 after acquiring an additional 8,446 shares during the period. Cetera Advisors LLC boosted its position in Dollar Tree by 119.7% during the first quarter. Cetera Advisors LLC now owns 3,234 shares of the company's stock worth $431,000 after purchasing an additional 1,762 shares in the last quarter. Mather Group LLC. grew its holdings in Dollar Tree by 198.9% in the second quarter. Mather Group LLC. now owns 281 shares of the company's stock valued at $30,000 after purchasing an additional 187 shares during the period. Park Avenue Securities LLC increased its position in shares of Dollar Tree by 82.3% in the second quarter. Park Avenue Securities LLC now owns 15,011 shares of the company's stock valued at $1,603,000 after buying an additional 6,779 shares in the last quarter. Finally, Czech National Bank raised its stake in shares of Dollar Tree by 8.4% during the 2nd quarter. Czech National Bank now owns 39,489 shares of the company's stock worth $4,216,000 after buying an additional 3,071 shares during the period. Institutional investors and hedge funds own 97.40% of the company's stock.

Dollar Tree Stock Performance

Shares of Dollar Tree stock traded down $0.69 during mid-day trading on Friday, hitting $71.87. The stock had a trading volume of 3,911,404 shares, compared to its average volume of 5,102,393. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $151.21. The firm has a 50-day moving average of $67.58 and a two-hundred day moving average of $87.46. 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 (NASDAQ:DLTR - Get Free Report) last issued its quarterly earnings results on Wednesday, December 4th. The company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.05. The firm had revenue of $7.57 billion during 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 for the quarter was up 3.5% on a year-over-year basis. During the same period last year, the company earned $0.97 earnings per share. Research analysts predict that Dollar Tree, Inc. will post 5.37 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Morgan Stanley cut their price target on shares of Dollar Tree from $130.00 to $80.00 and set an "equal weight" rating for the company in a report on Thursday, September 5th. Wells Fargo & Company cut their target price on shares of Dollar Tree from $130.00 to $100.00 and set an "overweight" rating for the company in a research note on Thursday, September 5th. The Goldman Sachs Group decreased their price target on shares of Dollar Tree from $145.00 to $90.00 and set a "buy" rating on the stock in a research note on Tuesday, September 10th. JPMorgan Chase & Co. boosted their price objective on Dollar Tree from $70.00 to $82.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 5th. Finally, Telsey Advisory Group restated a "market perform" rating and issued a $75.00 target price on shares of Dollar Tree in a research report on Wednesday. Seventeen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, Dollar Tree has a consensus rating of "Hold" and an average target price of $85.58.

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.