Landscape Capital Management L.L.C. Acquires New Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Landscape Capital Management L.L.C. bought a new position in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 42,509 shares of the company's stock, valued at approximately $3,186,000.

A number of other institutional investors have also bought and sold shares of DLTR. Norges Bank purchased a new position in shares of Dollar Tree in the fourth quarter worth $171,149,000. Madison Investment Advisors LLC purchased a new stake in Dollar Tree during the fourth quarter valued at approximately $113,315,000. Primecap Management Co. CA lifted its stake in shares of Dollar Tree by 31.3% in the 4th quarter. Primecap Management Co. CA now owns 3,978,425 shares of the company's stock valued at $298,143,000 after purchasing an additional 947,580 shares during the last quarter. State Street Corp boosted its holdings in shares of Dollar Tree by 6.8% in 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 during the period. Finally, Kovitz Investment Group Partners LLC increased its position in shares of Dollar Tree by 45.9% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 1,351,632 shares of the company's stock valued at $95,994,000 after purchasing an additional 425,245 shares during the last quarter. Hedge funds and other institutional investors own 97.40% of the company's stock.

Dollar Tree Stock Up 0.8 %

Shares of NASDAQ DLTR traded up $0.58 during midday trading on Wednesday, reaching $70.28. 2,663,272 shares of the company's stock traded hands, compared to its average volume of 3,794,394. The company has a market cap of $15.12 billion, a price-to-earnings ratio of -14.73, a P/E/G ratio of 2.16 and a beta of 0.87. The stock's 50 day simple moving average is $70.95 and its 200-day simple moving average is $70.28. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. Dollar Tree, Inc. has a one year low of $60.49 and a one year high of $131.42.

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Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its quarterly earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.20 by ($0.09). The company had revenue of $5 billion during the quarter, compared to analysts' expectations of $8.23 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The company's revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.55 earnings per share. On average, analysts predict that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DLTR. Guggenheim lowered their price target on Dollar Tree from $100.00 to $95.00 and set a "buy" rating for the company in a research report on Friday, March 28th. UBS Group lowered their target price on shares of Dollar Tree from $105.00 to $95.00 and set a "buy" rating for the company in a report on Friday, March 21st. Wells Fargo & Company upped their price target on shares of Dollar Tree from $85.00 to $90.00 and gave the company an "overweight" rating in a report on Tuesday, April 1st. Evercore ISI raised their price objective on shares of Dollar Tree from $79.00 to $85.00 and gave the stock an "in-line" rating in a research note on Thursday, March 27th. Finally, Telsey Advisory Group upped their target price on Dollar Tree from $75.00 to $82.00 and gave the company a "market perform" rating in a research note on Thursday, March 27th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $81.84.

Insiders Place Their Bets

In other news, Director William W. Douglas III bought 701 shares of the stock in a transaction on Wednesday, April 2nd. The stock was bought at an average cost of $75.00 per share, for a total transaction of $52,575.00. Following the completion of the purchase, the director now directly owns 1,377 shares in the company, valued at approximately $103,275. The trade was a 103.70 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 6.80% of the stock is currently owned by corporate insiders.

Dollar Tree Company 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.