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
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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.
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