Moody National Bank Trust Division acquired a new stake in Dollar Tree, Inc. (NASDAQ:DLTR – Get Rating) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 2,161 shares of the company’s stock, valued at approximately $337,000.
A number of other institutional investors also recently made changes to their positions in DLTR. Stonebridge Capital Management Inc. boosted its position in Dollar Tree by 5.0% during the 2nd quarter. Stonebridge Capital Management Inc. now owns 2,100 shares of the company’s stock valued at $327,000 after buying an additional 100 shares during the period. Livforsakringsbolaget Skandia Omsesidigt boosted its position in Dollar Tree by 82.5% during the 1st quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,212 shares of the company’s stock valued at $354,000 after buying an additional 1,000 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in Dollar Tree by 28.0% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 164,162 shares of the company’s stock valued at $26,290,000 after buying an additional 35,909 shares during the period. Walleye Capital LLC purchased a new stake in Dollar Tree during the 1st quarter valued at $2,064,000. Finally, M Holdings Securities Inc. purchased a new stake in Dollar Tree during the 1st quarter valued at $277,000. Hedge funds and other institutional investors own 95.04% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts have weighed in on DLTR shares. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Dollar Tree from $185.00 to $163.00 and set a “buy” rating for the company in a research report on Monday, August 29th. JPMorgan Chase & Co. raised their target price on shares of Dollar Tree from $171.00 to $176.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 6th. StockNews.com cut shares of Dollar Tree from a “buy” rating to a “hold” rating in a research report on Friday, August 26th. Barclays raised their target price on shares of Dollar Tree from $140.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Friday, May 27th. Finally, BMO Capital Markets raised their target price on shares of Dollar Tree from $180.00 to $187.00 in a research report on Friday, May 27th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $163.47.
Dollar Tree Price Performance
Dollar Tree (NASDAQ:DLTR – Get Rating) last released its quarterly earnings results on Thursday, August 25th. The company reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.01. The firm had revenue of $6.77 billion for the quarter, compared to analysts’ expectations of $6.80 billion. Dollar Tree had a return on equity of 19.83% and a net margin of 5.77%. The company’s revenue was up 6.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.23 EPS. On average, equities analysts predict that Dollar Tree, Inc. will post 7.27 earnings per share for the current year.
Dollar Tree Profile
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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