Greenleaf Trust Takes $327,000 Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Greenleaf Trust acquired a new position in Dollar Tree, Inc. (NASDAQ:DLTR) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 2,303 shares of the company’s stock, valued at approximately $327,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Horrell Capital Management Inc. raised its position in Dollar Tree by 0.3% in the 4th quarter. Horrell Capital Management Inc. now owns 29,224 shares of the company’s stock worth $4,151,000 after purchasing an additional 94 shares during the period. Independence Bank of Kentucky raised its position in Dollar Tree by 15.0% in the 4th quarter. Independence Bank of Kentucky now owns 759 shares of the company’s stock worth $108,000 after purchasing an additional 99 shares during the period. 1ST Source Bank raised its position in Dollar Tree by 4.6% in the 3rd quarter. 1ST Source Bank now owns 2,396 shares of the company’s stock worth $255,000 after purchasing an additional 106 shares during the period. Desjardins Global Asset Management Inc. raised its position in Dollar Tree by 9.3% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 1,355 shares of the company’s stock worth $192,000 after purchasing an additional 115 shares during the period. Finally, Stratos Wealth Partners LTD. raised its position in Dollar Tree by 3.8% in the 4th quarter. Stratos Wealth Partners LTD. now owns 4,021 shares of the company’s stock worth $571,000 after purchasing an additional 146 shares during the period. 97.40% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Dollar Tree

In other news, Director Daniel J. Heinrich bought 1,000 shares of the stock in a transaction on Monday, March 18th. The stock was bought at an average cost of $127.85 per share, for a total transaction of $127,850.00. Following the completion of the purchase, the director now directly owns 6,225 shares in the company, valued at $795,866.25. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Daniel J. Heinrich bought 1,000 shares of the stock in a transaction on Monday, March 18th. The stock was bought at an average cost of $127.85 per share, for a total transaction of $127,850.00. Following the completion of the purchase, the director now directly owns 6,225 shares in the company, valued at $795,866.25. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Jeffrey A. Davis bought 1,800 shares of the stock in a transaction on Monday, April 1st. The stock was purchased at an average price of $136.00 per share, with a total value of $244,800.00. Following the completion of the purchase, the chief financial officer now owns 19,047 shares of the company’s stock, valued at $2,590,392. The disclosure for this purchase can be found here. 6.00% of the stock is owned by insiders.

Dollar Tree Stock Performance

Shares of DLTR stock opened at $122.56 on Wednesday. The firm has a market cap of $26.72 billion, a price-to-earnings ratio of -26.53, a PEG ratio of 1.15 and a beta of 0.90. The company’s 50 day moving average is $135.30 and its 200 day moving average is $128.91. The company has a quick ratio of 0.22, a current ratio of 1.31 and a debt-to-equity ratio of 0.47. Dollar Tree, Inc. has a 52-week low of $102.77 and a 52-week high of $161.10.

Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Wednesday, March 13th. The company reported $2.55 earnings per share for the quarter, missing the consensus estimate of $2.67 by ($0.12). The firm had revenue of $8.63 billion during the quarter, compared to analyst estimates of $8.66 billion. Dollar Tree had a negative net margin of 3.26% and a positive return on equity of 15.11%. Dollar Tree’s revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the business earned $2.04 earnings per share. On average, sell-side analysts anticipate that Dollar Tree, Inc. will post 6.91 EPS for the current fiscal year.

Analyst Ratings Changes

DLTR has been the topic of a number of recent analyst reports. BMO Capital Markets reduced their price objective on shares of Dollar Tree from $170.00 to $160.00 and set an “outperform” rating on the stock in a research report on Thursday, March 14th. TheStreet lowered shares of Dollar Tree from a “b-” rating to a “c” rating in a research report on Wednesday, March 13th. Evercore ISI reduced their target price on shares of Dollar Tree from $144.00 to $142.00 and set an “in-line” rating on the stock in a research report on Tuesday, April 16th. Oppenheimer reaffirmed a “market perform” rating on shares of Dollar Tree in a research report on Monday, March 4th. Finally, Jefferies Financial Group reduced their target price on shares of Dollar Tree from $130.00 to $128.00 in a research report on Thursday, March 14th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, Dollar Tree currently has a consensus rating of “Moderate Buy” and a consensus target price of $150.05.

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.