Lecap Asset Management Ltd. Takes Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Lecap Asset Management Ltd. acquired a new stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 25,321 shares of the company's stock, valued at approximately $1,898,000.

Several other large investors have also recently made changes to their positions in the company. Versant Capital Management Inc purchased a new position in Dollar Tree during the 4th quarter valued at approximately $30,000. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Dollar Tree by 91.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company's stock valued at $33,000 after purchasing an additional 210 shares in the last quarter. Eastern Bank bought a new stake in Dollar Tree in the third quarter worth $34,000. First Horizon Advisors Inc. raised its stake in Dollar Tree by 105.6% during the third quarter. First Horizon Advisors Inc. now owns 553 shares of the company's stock valued at $39,000 after purchasing an additional 284 shares in the last quarter. Finally, Sunbelt Securities Inc. lifted its position in Dollar Tree by 738.7% during the third quarter. Sunbelt Securities Inc. now owns 629 shares of the company's stock valued at $44,000 after purchasing an additional 554 shares during the last quarter. 97.40% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on DLTR. KeyCorp cut shares of Dollar Tree from an "overweight" rating to a "sector weight" rating in a research report on Thursday, November 7th. Telsey Advisory Group restated a "market perform" rating and set a $75.00 price objective on shares of Dollar Tree in a research report on Friday, December 20th. StockNews.com upgraded Dollar Tree from a "sell" rating to a "hold" rating in a report on Thursday, December 5th. Loop Capital increased their price target on Dollar Tree from $65.00 to $75.00 and gave the company a "hold" rating in a report on Thursday, December 5th. Finally, Guggenheim dropped their price objective on shares of Dollar Tree from $120.00 to $100.00 and set a "buy" rating for the company in a research note on Friday, December 6th. Seventeen analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $85.58.

Dollar Tree Stock Down 2.1 %

NASDAQ DLTR traded down $1.53 during trading on Tuesday, reaching $72.33. 806,201 shares of the company's stock traded hands, compared to its average volume of 2,639,323. The company's 50 day simple moving average is $72.88 and its two-hundred day simple moving average is $75.20. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $151.21. The firm has a market cap of $15.55 billion, a price-to-earnings ratio of -15.18, a price-to-earnings-growth ratio of 2.11 and a beta of 0.89. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its quarterly earnings data on Wednesday, December 4th. The company reported $1.12 EPS for the quarter, topping analysts' consensus estimates of $1.07 by $0.05. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The company had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $7.45 billion. During the same quarter in the previous year, the firm posted $0.97 earnings per share. Dollar Tree's revenue for the quarter was up 3.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

About Dollar Tree

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.