Strategic Financial Concepts LLC Invests $1.28 Million in Dollar Tree, Inc. (NASDAQ:DLTR)

Strategic Financial Concepts LLC purchased a new stake in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 17,086 shares of the company's stock, valued at approximately $1,280,000.

Other hedge funds have also recently made changes to their positions in the company. Versant Capital Management Inc purchased a new position in shares of Dollar Tree during the 4th quarter worth approximately $30,000. MassMutual Private Wealth & Trust FSB boosted its position in shares of Dollar Tree by 91.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company's stock worth $33,000 after purchasing an additional 210 shares during the period. Eastern Bank acquired a new stake in Dollar Tree during the 3rd quarter worth approximately $34,000. First Horizon Advisors Inc. boosted its position in Dollar Tree by 105.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 553 shares of the company's stock valued at $39,000 after buying an additional 284 shares during the period. Finally, Sunbelt Securities Inc. boosted its position in Dollar Tree by 738.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 629 shares of the company's stock valued at $44,000 after buying an additional 554 shares during the period. Hedge funds and other institutional investors own 97.40% of the company's stock.

Dollar Tree Stock Performance

NASDAQ DLTR traded down $1.33 during trading on Friday, reaching $74.96. The company's stock had a trading volume of 3,902,739 shares, compared to its average volume of 2,880,201. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. The firm has a market cap of $16.12 billion, a price-to-earnings ratio of -15.71, a P/E/G ratio of 2.14 and a beta of 0.89. Dollar Tree, Inc. has a twelve month low of $60.49 and a twelve month high of $151.21. The business's fifty day moving average price is $73.04 and its 200-day moving average price is $73.94.

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

Wall Street Analyst Weigh In

Several brokerages have commented on DLTR. Telsey Advisory Group reissued a "market perform" rating and issued a $75.00 price target on shares of Dollar Tree in a research report on Friday, December 20th. Jefferies Financial Group raised their price target on shares of Dollar Tree from $70.00 to $75.00 and gave the company a "hold" rating in a research report on Wednesday, December 4th. Guggenheim decreased their price target on shares of Dollar Tree from $120.00 to $100.00 and set a "buy" rating for the company in a research report on Friday, December 6th. StockNews.com raised shares of Dollar Tree from a "sell" rating to a "hold" rating in a research report on Thursday, December 5th. Finally, Citigroup raised their price target on shares of Dollar Tree from $64.00 to $76.00 and gave the company a "neutral" rating in a research report on Thursday, December 5th. Seventeen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $85.58.

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.