Centaurus Financial Inc. purchased a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR – Get Rating) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 817 shares of the company's stock, valued at approximately $127,000.
Several other hedge funds have also added to or reduced their stakes in DLTR. Gateway Investment Advisers LLC increased its stake in Dollar Tree by 11.1% during the 1st quarter. Gateway Investment Advisers LLC now owns 1,656 shares of the company's stock worth $265,000 after acquiring an additional 165 shares during the period. IFM Investors Pty Ltd increased its stake in Dollar Tree by 17.4% during the 1st quarter. IFM Investors Pty Ltd now owns 34,408 shares of the company's stock worth $5,510,000 after acquiring an additional 5,093 shares during the period. NorthCrest Asset Manangement LLC increased its stake in Dollar Tree by 3.1% during the 1st quarter. NorthCrest Asset Manangement LLC now owns 5,569 shares of the company's stock worth $892,000 after acquiring an additional 170 shares during the period. Wedbush Securities Inc. bought a new position in Dollar Tree during the 1st quarter worth $215,000. Finally, Compton Wealth Advisory Group LLC increased its stake in Dollar Tree by 5.7% during the 1st quarter. Compton Wealth Advisory Group LLC now owns 69,941 shares of the company's stock worth $11,201,000 after acquiring an additional 3,802 shares during the period. 95.04% of the stock is owned by institutional investors and hedge funds.
Get
Dollar Tree alerts:
Wall Street Analyst Weigh In
DLTR has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their price objective on Dollar Tree from $171.00 to $176.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 6th. TheStreet lowered Dollar Tree from a "b" rating to a "c+" rating in a research note on Tuesday, September 13th. Telsey Advisory Group decreased their price target on Dollar Tree from $185.00 to $170.00 and set an "outperform" rating on the stock in a research note on Friday, August 26th. StockNews.com started coverage on Dollar Tree in a research note on Wednesday, October 12th. They issued a "hold" rating on the stock. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Dollar Tree from $185.00 to $163.00 and set a "buy" rating on the stock in a research note on Monday, August 29th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $163.47.
Dollar Tree Trading Up 1.6 %
Shares of DLTR stock opened at $141.25 on Monday. The firm has a market capitalization of $31.63 billion, a P/E ratio of 20.69, a P/E/G ratio of 1.21 and a beta of 0.69. Dollar Tree, Inc. has a twelve month low of $102.19 and a twelve month high of $177.19. The company has a quick ratio of 0.22, a current ratio of 1.46 and a debt-to-equity ratio of 0.41. The stock's fifty day simple moving average is $144.37 and its 200 day simple moving average is $155.24.
Dollar Tree (NASDAQ:DLTR – Get Rating) last announced its earnings results on Thursday, August 25th. The company reported $1.60 EPS for the quarter, topping the consensus estimate of $1.58 by $0.02. The firm had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.80 billion. Dollar Tree had a return on equity of 19.83% and a net margin of 5.77%. The business's quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.23 EPS. As a group, sell-side analysts predict that Dollar Tree, Inc. will post 7.27 EPS for the current fiscal year.
About Dollar Tree
(Get Rating)
Dollar Tree, Inc operates discount variety retail stores. It 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, including candy and food, and health and personal care, as well as everyday consumables, such as household paper and chemicals, 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.
Featured Stories
- Get a free copy of the StockNews.com research report on Dollar Tree (DLTR)
- Time to Hit Up Hasbro Stock for the Holiday Season
- Should Proctor and Gamble be a Staple in Your Portfolio?
- 3 Fundamentally Sound Mid-Caps to Keep on the Watch List
- Leveraged ETFs, A Bad Investment But Great for Trading
- Should Investors Raise a Glass to Boston Beer Company?
Receive News & Ratings for Dollar Tree Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar Tree and related companies with MarketBeat.com's FREE daily email newsletter.
