Stonebridge Financial Group LLC Acquires New Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Stonebridge Financial Group LLC bought a new position in Dollar Tree, Inc. (NASDAQ:DLTR) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 1,614 shares of the company’s stock, valued at approximately $121,000.

A number of other institutional investors have also modified their holdings of the stock. Versant Capital Management Inc purchased a new stake in shares of Dollar Tree in the fourth quarter valued at approximately $30,000. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Dollar Tree by 91.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock worth $33,000 after buying an additional 210 shares during the period. Eastern Bank purchased a new stake in shares of Dollar Tree in the 3rd quarter worth $34,000. First Horizon Advisors Inc. grew its position in shares of Dollar Tree by 105.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock worth $39,000 after buying an additional 284 shares in the last quarter. Finally, Sunbelt Securities Inc. increased its stake in shares of Dollar Tree by 738.7% during the third 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. 97.40% of the stock is owned by hedge funds and other institutional investors.

Dollar Tree Stock Down 0.7 %

NASDAQ:DLTR opened at $71.74 on Thursday. 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 twelve month low of $60.49 and a twelve month high of $151.21. The company has a market cap of $15.42 billion, a PE ratio of -15.04, a P/E/G ratio of 2.11 and a beta of 0.89. The company’s 50 day moving average is $72.88 and its two-hundred day moving average is $74.98.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Wednesday, December 4th. The company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.05. The company had revenue of $7.57 billion during the quarter, compared to analyst estimates of $7.45 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the business posted $0.97 EPS. Analysts anticipate that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Wall Street Analyst Weigh In

DLTR has been the subject of a number of research reports. KeyCorp lowered shares of Dollar Tree from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 7th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $75.00 price target on shares of Dollar Tree in a research report on Friday, December 20th. Guggenheim dropped their price objective on shares of Dollar Tree from $120.00 to $100.00 and set a “buy” rating on the stock in a research note on Friday, December 6th. Jefferies Financial Group boosted their price objective on shares of Dollar Tree from $70.00 to $75.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. Finally, Sanford C. Bernstein assumed coverage on Dollar Tree in a research report on Tuesday, October 22nd. They set a “market perform” rating and a $76.00 target price on the stock. Seventeen investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Dollar Tree currently has an average rating of “Hold” and an average price target of $85.58.

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.