JLB & Associates Inc. boosted its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 138.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,330 shares of the company’s stock after buying an additional 14,707 shares during the period. JLB & Associates Inc.’s holdings in Dollar Tree were worth $5,309,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of DLTR. Provident Wealth Management LLC acquired a new stake in Dollar Tree in the third quarter valued at approximately $29,000. Orion Portfolio Solutions LLC boosted its stake in Dollar Tree by 189.4% during the 2nd quarter. Orion Portfolio Solutions LLC now owns 437 shares of the company’s stock valued at $41,000 after purchasing an additional 286 shares during the last quarter. Creative Financial Designs Inc. ADV bought a new stake in Dollar Tree during the 2nd quarter worth approximately $50,000. RMR Wealth Builders bought a new stake in Dollar Tree during the 2nd quarter worth approximately $52,000. Finally, Keebeck Wealth Management LLC purchased a new stake in shares of Dollar Tree in the second quarter worth approximately $57,000. 89.31% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts recently issued reports on DLTR shares. Raymond James reiterated a “hold” rating on shares of Dollar Tree in a report on Friday, August 28th. Credit Suisse Group assumed coverage on shares of Dollar Tree in a research note on Wednesday, August 5th. They issued an “outperform” rating and a $107.00 target price for the company. Telsey Advisory Group boosted their price target on shares of Dollar Tree from $112.00 to $115.00 and gave the stock an “outperform” rating in a report on Monday, August 24th. JPMorgan Chase & Co. upped their price objective on shares of Dollar Tree from $91.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. Finally, BMO Capital Markets restated a “hold” rating on shares of Dollar Tree in a research note on Friday, August 28th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and sixteen have given a buy rating to the company. Dollar Tree currently has an average rating of “Buy” and a consensus target price of $104.64.
Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Thursday, August 27th. The company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.18. Dollar Tree had a return on equity of 18.52% and a net margin of 3.61%. The firm had revenue of $6.28 billion for the quarter, compared to the consensus estimate of $6.23 billion. During the same quarter in the prior year, the business posted $0.76 earnings per share. The business’s quarterly revenue was up 9.4% on a year-over-year basis. Equities analysts predict that Dollar Tree, Inc. will post 5.26 earnings per share for the current fiscal 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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