Eads & Heald Wealth Management Sells 3,580 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Eads & Heald Wealth Management lessened its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 46.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,109 shares of the company’s stock after selling 3,580 shares during the period. Eads & Heald Wealth Management’s holdings in Dollar Tree were worth $308,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the company. Versant Capital Management Inc acquired a new position in Dollar Tree during the 4th quarter valued at about $30,000. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Dollar Tree by 91.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock valued at $33,000 after acquiring an additional 210 shares in the last quarter. Eastern Bank acquired a new position in shares of Dollar Tree during the third quarter valued at about $34,000. First Horizon Advisors Inc. boosted its stake in Dollar Tree by 105.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock worth $39,000 after purchasing an additional 284 shares in the last quarter. Finally, Sunbelt Securities Inc. grew its position in Dollar Tree by 738.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 629 shares of the company’s stock worth $44,000 after purchasing an additional 554 shares during the last quarter. Institutional investors own 97.40% of the company’s stock.

Dollar Tree Trading Up 2.3 %

Shares of Dollar Tree stock opened at $73.76 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. The stock’s 50 day simple moving average is $71.03 and its 200-day simple moving average is $78.58. The stock has a market cap of $15.86 billion, a P/E ratio of -15.46, a P/E/G ratio of 2.29 and a beta of 0.90. Dollar Tree, Inc. has a 1-year low of $60.49 and a 1-year high of $151.21.

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

Wall Street Analysts Forecast Growth

DLTR has been the subject of a number of research analyst reports. 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 report on Friday, December 6th. StockNews.com upgraded Dollar Tree from a “sell” rating to a “hold” rating in a research note on Thursday, December 5th. BMO Capital Markets boosted their price target on Dollar Tree from $65.00 to $70.00 and gave the company a “market perform” rating in a research note on Thursday, December 5th. Jefferies Financial Group raised their price objective on Dollar Tree from $70.00 to $75.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $75.00 target price on shares of Dollar Tree in a research report on Friday, December 20th. Seventeen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $85.58.

About Dollar Tree

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.