LPL Financial LLC Grows Stock Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

LPL Financial LLC increased its position in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 7.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 94,176 shares of the company's stock after buying an additional 6,174 shares during the period. LPL Financial LLC's holdings in Dollar Tree were worth $7,058,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS purchased a new stake in shares of Dollar Tree during the 4th quarter worth approximately $5,242,000. Mizuho Securities USA LLC raised its stake in Dollar Tree by 46.2% during the fourth quarter. Mizuho Securities USA LLC now owns 19,154 shares of the company's stock valued at $1,435,000 after purchasing an additional 6,052 shares in the last quarter. Sciencast Management LP bought a new position in Dollar Tree during the fourth quarter valued at $3,037,000. Blueshift Asset Management LLC grew its stake in shares of Dollar Tree by 33.8% in the 4th quarter. Blueshift Asset Management LLC now owns 17,230 shares of the company's stock worth $1,291,000 after buying an additional 4,351 shares in the last quarter. Finally, Royal London Asset Management Ltd. increased its holdings in shares of Dollar Tree by 3.4% in the 4th quarter. Royal London Asset Management Ltd. now owns 84,175 shares of the company's stock worth $6,308,000 after buying an additional 2,786 shares during the last quarter. 97.40% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Guggenheim lowered their price target on shares of Dollar Tree from $100.00 to $95.00 and set a "buy" rating for the company in a report on Friday, March 28th. Wells Fargo & Company upped their price objective on Dollar Tree from $85.00 to $90.00 and gave the company an "overweight" rating in a research report on Tuesday, April 1st. UBS Group dropped their target price on Dollar Tree from $105.00 to $95.00 and set a "buy" rating for the company in a report on Friday, March 21st. Loop Capital restated a "hold" rating on shares of Dollar Tree in a report on Thursday, March 27th. Finally, Citigroup upgraded Dollar Tree from a "neutral" rating to a "buy" rating and raised their price target for the stock from $76.00 to $103.00 in a research report on Monday. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $81.84.

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Dollar Tree Stock Up 0.5 %

Shares of DLTR traded up $0.37 during midday trading on Friday, reaching $72.11. 8,215,267 shares of the stock were exchanged, compared to its average volume of 3,878,160. The company has a market capitalization of $15.51 billion, a P/E ratio of -15.12, a PEG ratio of 2.16 and a beta of 0.87. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32. Dollar Tree, Inc. has a 52 week low of $60.49 and a 52 week high of $129.63. The company's 50 day moving average is $70.86 and its two-hundred day moving average is $70.31.

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

Insider Activity

In related 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 price of $75.00 per share, for a total transaction of $52,575.00. Following the completion of the acquisition, the director now directly owns 1,377 shares in the company, valued at approximately $103,275. This represents a 103.70 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 6.80% of the company's stock.

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.