Raymond James Financial Inc. Acquires New Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Raymond James Financial Inc. acquired a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 332,561 shares of the company's stock, valued at approximately $24,922,000. Raymond James Financial Inc. owned approximately 0.15% of Dollar Tree at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Empower Advisory Group LLC boosted its position in shares of Dollar Tree by 15.3% during the 4th quarter. Empower Advisory Group LLC now owns 760,423 shares of the company's stock valued at $56,986,000 after acquiring an additional 100,676 shares in the last quarter. Pzena Investment Management LLC bought a new position in Dollar Tree in the fourth quarter valued at approximately $520,000. Strategic Wealth Investment Group LLC acquired a new position in shares of Dollar Tree in the 4th quarter valued at $448,000. Intrepid Capital Management Inc. grew its stake in Dollar Tree by 103.6% in the fourth quarter. Intrepid Capital Management Inc. now owns 27,026 shares of the company's stock valued at $2,025,000 after acquiring an additional 13,751 shares during the period. Finally, Alberta Investment Management Corp increased its stake in Dollar Tree by 253.2% during the 4th quarter. Alberta Investment Management Corp now owns 93,600 shares of the company's stock worth $7,014,000 after purchasing an additional 67,100 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Dollar Tree

In other news, CAO Aditya Maheshwari sold 1,238 shares of the company's stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $74.70, for a total transaction of $92,478.60. Following the transaction, the chief accounting officer now directly owns 4,231 shares of the company's stock, valued at $316,055.70. This represents a 22.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director William W. Douglas III purchased 701 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The shares were acquired 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 of the company's stock, valued at $103,275. This trade represents a 103.70 % increase in their position. The disclosure for this purchase can be found here. Insiders own 6.80% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Bank of America reduced their price target on shares of Dollar Tree from $75.00 to $70.00 and set an "underperform" rating for the company in a report on Tuesday, April 8th. UBS Group lowered 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. Citigroup raised Dollar Tree from a "neutral" rating to a "buy" rating and lifted their price target for the company from $76.00 to $103.00 in a research note on Monday, April 7th. JPMorgan Chase & Co. reduced their price objective on Dollar Tree from $88.00 to $78.00 and set a "neutral" rating for the company in a research report on Thursday, March 27th. Finally, Wells Fargo & Company lifted their target price on Dollar Tree from $85.00 to $90.00 and gave the company an "overweight" rating in a research report on Tuesday, April 1st. 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $81.84.

Dollar Tree Stock Performance

NASDAQ:DLTR traded down $2.37 on Thursday, hitting $81.06. The company's stock had a trading volume of 1,776,956 shares, compared to its average volume of 3,970,949. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $17.43 billion, a P/E ratio of -16.97, a price-to-earnings-growth ratio of 2.16 and a beta of 0.87. Dollar Tree, Inc. has a one year low of $60.49 and a one year high of $123.17. The stock has a fifty day moving average of $71.65 and a two-hundred day moving average of $70.70.

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