Cozad Asset Management Inc. lowered its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 20.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,149 shares of the company’s stock after selling 5,150 shares during the quarter. Cozad Asset Management Inc.’s holdings in Dollar Tree were worth $1,820,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in DLTR. Fiduciary Management Inc. WI acquired a new position in shares of Dollar Tree during the third quarter worth approximately $266,051,000. FMR LLC boosted its holdings in Dollar Tree by 15.1% during the 3rd quarter. FMR LLC now owns 22,046,619 shares of the company’s stock worth $1,797,902,000 after acquiring an additional 2,890,549 shares during the last quarter. Macquarie Group Ltd. boosted its holdings in Dollar Tree by 9.6% during the 3rd quarter. Macquarie Group Ltd. now owns 8,455,473 shares of the company’s stock worth $689,544,000 after acquiring an additional 737,501 shares during the last quarter. Marshall Wace LLP boosted its holdings in Dollar Tree by 2,473.9% during the 3rd quarter. Marshall Wace LLP now owns 587,834 shares of the company’s stock worth $47,938,000 after acquiring an additional 564,996 shares during the last quarter. Finally, Morgan Stanley boosted its holdings in Dollar Tree by 157.4% during the 3rd quarter. Morgan Stanley now owns 810,992 shares of the company’s stock worth $66,136,000 after acquiring an additional 495,928 shares during the last quarter. Institutional investors and hedge funds own 92.04% of the company’s stock.
NASDAQ:DLTR traded up $0.14 during mid-day trading on Monday, reaching $97.42. 82,452 shares of the company’s stock were exchanged, compared to its average volume of 3,495,800. Dollar Tree, Inc. has a one year low of $78.78 and a one year high of $116.65. The firm has a market cap of $23.12 billion, a price-to-earnings ratio of 20.06, a P/E/G ratio of 1.30 and a beta of 0.50. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.48 and a current ratio of 2.22.
Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Thursday, November 29th. The company reported $1.18 EPS for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.03. The business had revenue of $5.54 billion during the quarter, compared to analyst estimates of $5.55 billion. Dollar Tree had a net margin of 7.64% and a return on equity of 17.11%. Dollar Tree’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.01 EPS. Sell-side analysts anticipate that Dollar Tree, Inc. will post 5.45 EPS for the current year.
Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Dollar Tree to $90.00 in a research report on Sunday, December 2nd. Morgan Stanley cut their price objective on Dollar Tree from $95.00 to $90.00 in a report on Sunday, December 9th. Gordon Haskett raised Dollar Tree from a “hold” rating to an “accumulate” rating and set a $110.00 price objective on the stock in a report on Monday, January 7th. BidaskClub raised Dollar Tree from a “hold” rating to a “buy” rating in a report on Friday, October 19th. Finally, Credit Suisse Group set a $96.00 price objective on Dollar Tree and gave the company a “buy” rating in a report on Monday, November 26th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $100.96.
About Dollar Tree
Dollar Tree, Inc operates discount variety retail stores in the United States and Canada. 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 products, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; various merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods, which include Valentine's Day, Easter, Halloween, and Christmas merchandise.
Further Reading: Ex-Dividend
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