Dollar Tree, Inc. (NASDAQ:DLTR) Shares Bought by Custom Index Systems LLC

Custom Index Systems LLC lifted its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 167.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,417 shares of the company’s stock after acquiring an additional 3,388 shares during the quarter. Custom Index Systems LLC’s holdings in Dollar Tree were worth $381,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Register Financial Advisors LLC acquired a new stake in Dollar Tree in the first quarter valued at $28,000. Norden Group LLC acquired a new stake in Dollar Tree in the 1st quarter valued at about $1,553,000. First Trust Direct Indexing L.P. increased its holdings in Dollar Tree by 9.5% during the 1st quarter. First Trust Direct Indexing L.P. now owns 4,893 shares of the company’s stock valued at $652,000 after acquiring an additional 423 shares in the last quarter. Leeward Investments LLC MA raised its position in Dollar Tree by 4.9% during the first quarter. Leeward Investments LLC MA now owns 82,525 shares of the company’s stock worth $10,988,000 after acquiring an additional 3,887 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of Dollar Tree by 4.0% in the first quarter. Commonwealth Equity Services LLC now owns 19,924 shares of the company’s stock valued at $2,653,000 after purchasing an additional 758 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Sanford C. Bernstein initiated coverage on shares of Dollar Tree in a research note on Tuesday, October 22nd. They set a “market perform” rating and a $76.00 price objective for the company. Morgan Stanley dropped their price target on Dollar Tree from $130.00 to $80.00 and set an “equal weight” rating for the company in a research report on Thursday, September 5th. BMO Capital Markets downgraded Dollar Tree from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $130.00 to $68.00 in a research report on Thursday, September 5th. Redburn Atlantic raised Dollar Tree to a “hold” rating in a research note on Monday, September 23rd. Finally, Citigroup cut their target price on shares of Dollar Tree from $120.00 to $64.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $88.53.

Dollar Tree Stock Performance

Shares of DLTR stock opened at $66.45 on Monday. The company’s fifty day moving average price is $74.96 and its two-hundred day moving average price is $98.14. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.02 and a quick ratio of 0.17. The firm has a market capitalization of $14.28 billion, a P/E ratio of -14.48, a P/E/G ratio of 2.95 and a beta of 0.86. Dollar Tree, Inc. has a 12 month low of $60.81 and a 12 month high of $151.21.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results on Wednesday, September 4th. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.37). Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. The business had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.49 billion. During the same quarter last year, the firm posted $0.91 EPS. The company’s revenue was up .7% compared to the same quarter last year. On average, research analysts anticipate that Dollar Tree, Inc. will post 5.33 earnings per share for the current fiscal year.

Insider Buying and Selling at Dollar Tree

In related news, Director Daniel J. Heinrich bought 2,200 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was bought at an average price of $68.27 per share, with a total value of $150,194.00. Following the transaction, the director now owns 9,823 shares of the company’s stock, valued at approximately $670,616.21. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 6.80% of the stock is currently owned by insiders.

Dollar Tree Profile

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.