Dollar Tree, Inc. (NASDAQ:DLTR) Holdings Raised by Cardinal Capital Management

Cardinal Capital Management increased its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 13.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,449 shares of the company’s stock after purchasing an additional 4,828 shares during the quarter. Cardinal Capital Management’s holdings in Dollar Tree were worth $5,253,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of DLTR. International Assets Investment Management LLC purchased a new position in shares of Dollar Tree in the fourth quarter worth approximately $15,638,000. DAVENPORT & Co LLC grew its position in Dollar Tree by 155.2% during the 4th quarter. DAVENPORT & Co LLC now owns 31,275 shares of the company’s stock worth $4,443,000 after purchasing an additional 19,019 shares in the last quarter. Dorsal Capital Management LP acquired a new stake in Dollar Tree during the 4th quarter valued at $35,512,000. Wellington Management Group LLP lifted its holdings in shares of Dollar Tree by 2.6% in the fourth quarter. Wellington Management Group LLP now owns 2,881,772 shares of the company’s stock valued at $409,356,000 after purchasing an additional 73,588 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky boosted its position in shares of Dollar Tree by 92.6% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 146,614 shares of the company’s stock worth $20,826,000 after buying an additional 70,478 shares during the period. Institutional investors and hedge funds own 97.40% of the company’s stock.

Insider Activity at Dollar Tree

In other Dollar Tree news, CFO Jeffrey A. Davis purchased 1,800 shares of the company’s stock in a transaction on Monday, April 1st. The shares were bought at an average cost of $136.00 per share, with a total value of $244,800.00. Following the transaction, the chief financial officer now directly owns 19,047 shares in the company, valued at approximately $2,590,392. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CFO Jeffrey A. Davis purchased 1,800 shares of Dollar Tree stock in a transaction on Monday, April 1st. The stock was purchased at an average cost of $136.00 per share, with a total value of $244,800.00. Following the acquisition, the chief financial officer now directly owns 19,047 shares in the company, valued at $2,590,392. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Robert Aflatooni sold 827 shares of the business’s stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $105.58, for a total transaction of $87,314.66. Following the transaction, the insider now owns 9,725 shares in the company, valued at approximately $1,026,765.50. The disclosure for this sale can be found here. 6.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on DLTR. Evercore ISI upped their price target on Dollar Tree from $136.00 to $137.00 and gave the company an “in-line” rating in a research report on Thursday, June 20th. Guggenheim increased their price target on shares of Dollar Tree from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Wells Fargo & Company lowered their price objective on shares of Dollar Tree from $180.00 to $160.00 and set an “overweight” rating on the stock in a research report on Thursday, June 6th. Citigroup downgraded shares of Dollar Tree from a “buy” rating to a “neutral” rating and cut their target price for the stock from $163.00 to $120.00 in a research report on Thursday, June 6th. Finally, Gordon Haskett cut shares of Dollar Tree from a “buy” rating to a “hold” rating and lowered their price target for the company from $150.00 to $140.00 in a report on Wednesday, April 3rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $141.79.

Dollar Tree Stock Performance

Shares of NASDAQ:DLTR traded up $1.78 during trading on Thursday, reaching $105.21. The stock had a trading volume of 7,067,023 shares, compared to its average volume of 2,825,062. The company has a quick ratio of 0.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.47. The stock has a fifty day simple moving average of $115.42 and a two-hundred day simple moving average of $128.79. The firm has a market capitalization of $22.61 billion, a price-to-earnings ratio of -22.90, a P/E/G ratio of 1.13 and a beta of 0.90. Dollar Tree, Inc. has a 52 week low of $101.85 and a 52 week high of $154.96.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Wednesday, June 5th. The company reported $1.43 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.43. Dollar Tree had a negative net margin of 3.23% and a positive return on equity of 15.67%. The firm had revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.63 billion. During the same quarter in the previous year, the business earned $1.47 EPS. The business’s revenue was up 4.2% on a year-over-year basis. As a group, analysts anticipate that Dollar Tree, Inc. will post 6.66 earnings per share for the current fiscal year.

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.