Landsberg Bennett & Dubbaneh LLC cut its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 5.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,730 shares of the company’s stock after selling 304 shares during the quarter. Landsberg Bennett & Dubbaneh LLC’s holdings in Dollar Tree were worth $655,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of DLTR. Patriot Financial Group Insurance Agency LLC increased its position in shares of Dollar Tree by 1,394.4% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 269 shares of the company’s stock worth $29,000 after purchasing an additional 251 shares during the last quarter. Coastal Investment Advisors Inc. increased its position in shares of Dollar Tree by 1,515.0% during the 2nd quarter. Coastal Investment Advisors Inc. now owns 323 shares of the company’s stock worth $34,000 after purchasing an additional 303 shares during the last quarter. CSat Investment Advisory L.P. increased its position in shares of Dollar Tree by 214.7% during the 2nd quarter. CSat Investment Advisory L.P. now owns 365 shares of the company’s stock worth $39,000 after purchasing an additional 249 shares during the last quarter. Berman Capital Advisors LLC increased its position in shares of Dollar Tree by 55.4% during the 2nd quarter. Berman Capital Advisors LLC now owns 474 shares of the company’s stock worth $50,000 after purchasing an additional 169 shares during the last quarter. Finally, Commonwealth Bank of Australia increased its position in shares of Dollar Tree by 39.5% during the 2nd quarter. Commonwealth Bank of Australia now owns 569 shares of the company’s stock worth $58,000 after purchasing an additional 161 shares during the last quarter. 94.03% of the stock is owned by hedge funds and other institutional investors.
A number of analysts recently issued reports on DLTR shares. Citigroup set a $120.00 price objective on Dollar Tree and gave the stock a “hold” rating in a research report on Friday, September 27th. Royal Bank of Canada lowered their target price on Dollar Tree from $113.00 to $108.00 and set an “outperform” rating for the company in a report on Friday, August 30th. Credit Suisse Group set a $110.00 target price on Dollar Tree and gave the company a “buy” rating in a report on Friday, August 30th. TheStreet cut Dollar Tree from a “b-” rating to a “c+” rating in a report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. raised their target price on Dollar Tree from $116.00 to $125.00 and gave the company an “overweight” rating in a report on Wednesday, September 11th. Eleven analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $107.63.
Shares of DLTR opened at $115.19 on Friday. The stock has a 50-day simple moving average of $108.59 and a 200-day simple moving average of $105.37. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.21 and a current ratio of 1.06. The stock has a market capitalization of $26.74 billion, a PE ratio of 21.85, a PEG ratio of 2.72 and a beta of 0.57. Dollar Tree, Inc. has a 1 year low of $79.66 and a 1 year high of $116.59.
Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Thursday, August 29th. The company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($0.20). The company had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.72 billion. Dollar Tree had a negative net margin of 6.77% and a positive return on equity of 19.76%. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.15 EPS. Analysts predict that Dollar Tree, Inc. will post 5.2 EPS 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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