Smithbridge Asset Management Inc. DE Acquires 10,522 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Smithbridge Asset Management Inc. DE grew its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 74.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,634 shares of the company’s stock after buying an additional 10,522 shares during the quarter. Smithbridge Asset Management Inc. DE’s holdings in Dollar Tree were worth $1,732,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Strategic Financial Concepts LLC acquired a new position in Dollar Tree during the second quarter valued at approximately $26,000. Register Financial Advisors LLC acquired a new stake in Dollar Tree during the 1st quarter worth approximately $28,000. Mather Group LLC. lifted its holdings in Dollar Tree by 198.9% during the 2nd quarter. Mather Group LLC. now owns 281 shares of the company’s stock worth $30,000 after purchasing an additional 187 shares during the last quarter. Eastern Bank acquired a new position in Dollar Tree in the 3rd quarter valued at $34,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in Dollar Tree during the 2nd quarter worth $37,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Dollar Tree news, Director Daniel J. Heinrich bought 2,200 shares of the stock in a transaction on Friday, September 6th. The stock was acquired at an average cost of $68.27 per share, for a total transaction of $150,194.00. Following the completion of the acquisition, the director now owns 9,823 shares in the company, valued at $670,616.21. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 6.80% of the stock is owned by company insiders.

Dollar Tree Trading Up 0.7 %

NASDAQ:DLTR traded up $0.45 during mid-day trading on Monday, hitting $66.90. 206,054 shares of the company’s stock were exchanged, compared to its average volume of 3,175,127. The company has a current ratio of 1.02, a quick ratio of 0.17 and a debt-to-equity ratio of 0.33. Dollar Tree, Inc. has a fifty-two week low of $60.81 and a fifty-two week high of $151.21. The company has a 50 day simple moving average of $74.96 and a 200-day simple moving average of $98.14. The firm has a market capitalization of $14.38 billion, a P/E ratio of -14.48, a PEG ratio of 2.95 and a beta of 0.86.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share (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 firm had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.49 billion. During the same quarter in the previous year, the business posted $0.91 EPS. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. As a group, research analysts expect that Dollar Tree, Inc. will post 5.33 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on DLTR shares. Melius Research assumed coverage on shares of Dollar Tree in a research note on Monday, September 23rd. They issued a “hold” rating and a $70.00 price target on the stock. KeyCorp reduced their price target on Dollar Tree from $145.00 to $84.00 and set an “overweight” rating on the stock in a research report on Thursday, September 5th. Loop Capital downgraded Dollar Tree from a “buy” rating to a “hold” rating and set a $65.00 price target for the company. in a research note on Thursday, September 5th. StockNews.com downgraded shares of Dollar Tree from a “hold” rating to a “sell” rating in a research note on Friday, September 6th. Finally, Telsey Advisory Group dropped their target price on shares of Dollar Tree from $120.00 to $95.00 and set an “outperform” rating for the company in a research report on Thursday, September 5th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $88.53.

Dollar Tree Company 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.