RMR Wealth Builders purchased a new position in Dollar Tree, Inc. (NASDAQ:DLTR) in the 2nd quarter, Holdings Channel.com reports. The firm purchased 560 shares of the company’s stock, valued at approximately $52,000.
A number of other large investors have also bought and sold shares of DLTR. Heritage Wealth Advisors boosted its stake in Dollar Tree by 28,706.9% during the 2nd quarter. Heritage Wealth Advisors now owns 91,606 shares of the company’s stock worth $29,000 after acquiring an additional 91,288 shares during the last quarter. Bainco International Investors bought a new stake in Dollar Tree in the first quarter valued at approximately $41,000. Orion Portfolio Solutions LLC increased its stake in Dollar Tree by 189.4% in the second quarter. Orion Portfolio Solutions LLC now owns 437 shares of the company’s stock valued at $41,000 after purchasing an additional 286 shares in the last quarter. Creative Financial Designs Inc. ADV bought a new stake in Dollar Tree in the second quarter valued at approximately $50,000. Finally, Keebeck Wealth Management LLC bought a new stake in Dollar Tree in the second quarter valued at approximately $57,000. 89.31% of the stock is owned by hedge funds and other institutional investors.
DLTR has been the subject of several recent analyst reports. Bank of America raised shares of Dollar Tree from a “neutral” rating to a “buy” rating and upped their target price for the company from $100.00 to $115.00 in a research note on Thursday, July 16th. Zacks Investment Research downgraded shares of Dollar Tree from a “hold” rating to a “sell” rating and set a $90.00 target price for the company. in a research note on Wednesday, May 27th. Royal Bank of Canada increased their price objective on shares of Dollar Tree from $106.00 to $114.00 in a research report on Friday, August 28th. Deutsche Bank initiated coverage on shares of Dollar Tree in a research report on Friday, July 17th. They set a “hold” rating for the company. Finally, JPMorgan Chase & Co. increased their target price on Dollar Tree from $91.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have issued a buy rating to the company. Dollar Tree has a consensus rating of “Buy” and a consensus price target of $104.64.
NASDAQ:DLTR traded up $1.09 during mid-day trading on Wednesday, hitting $89.74. The stock had a trading volume of 21,259 shares, compared to its average volume of 2,807,576. Dollar Tree, Inc. has a twelve month low of $60.20 and a twelve month high of $119.71. The stock has a market cap of $21.04 billion, a price-to-earnings ratio of 23.74, a PEG ratio of 1.59 and a beta of 0.62. The company’s 50 day simple moving average is $95.61 and its 200 day simple moving average is $86.88. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.46 and a current ratio of 1.22.
Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Thursday, August 27th. The company reported $1.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.18. Dollar Tree had a net margin of 3.61% and a return on equity of 18.52%. The business had revenue of $6.28 billion during the quarter, compared to the consensus estimate of $6.23 billion. During the same period last year, the business posted $0.76 EPS. Dollar Tree’s revenue was up 9.4% on a year-over-year basis. As a group, equities analysts forecast that Dollar Tree, Inc. will post 5.26 earnings per share for the current year.
Dollar Tree Profile
Dollar Tree, Inc operates discount variety retail stores. It operates through two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty 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, and other items; and seasonal goods that include Valentine's Day, Easter, Halloween, and Christmas merchandise.
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