Mather Group LLC. increased its holdings in Dollar Tree, Inc. (NASDAQ:DLTR – Free Report) by 198.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission on Form 13F. The fund owned 281 shares of the company’s stock after purchasing an additional 187 shares during the quarter. Mather Group LLC.’s holdings in Dollar Tree were worth $30,000 at the end of the last quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. ICA Group Wealth Management LLC acquired a new stake in Dollar Tree during the fourth quarter valued at approximately $26,000. United Community Bank acquired a new stake in Dollar Tree during the fourth quarter valued at approximately $27,000. Register Financial Advisors LLC acquired a new stake in Dollar Tree during the first quarter valued at approximately $28,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Dollar Tree during the fourth quarter valued at approximately $35,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Dollar Tree during the second quarter valued at approximately $37,000. Hedge funds and other institutional investors own 97.40% of the company’s shares.

Dollar Tree trading up 0.1%

DLTR shares opened at $95.05 on Friday. The company’s 50-day moving average price is $105.78 and its 200-day moving average price is $121.71. Dollar Tree, Inc. has a 1-year low of $94.29 and a 1-year high of $151.29. The company has a market cap of $20.43 billion, a P/E ratio of -20.71, a PEG ratio of 1.07 and a beta of 0.88. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.28 and a quick ratio of 0.23.

Dollar Tree (NASDAQ:DLTR – Free Report) last announced its quarterly results on Wednesday, June 5. The company reported earnings per share of $1.43 for the quarter, beating analysts’ consensus estimates of $1.43. Dollar Tree had a positive return on equity of 15.67% and a negative net margin of 3.23%. The company posted revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.63 billion. In the same quarter last year, the company reported earnings per share of $1.47. Dollar Tree’s quarterly revenue grew 4.2% year-over-year. Overall, sell-side analysts forecast that Dollar Tree, Inc. will report earnings per share of $6.63 for the current fiscal year.

Wall Street analysts predict growth

DLTR has been the subject of a number of research reports. Morgan Stanley decreased their price target on Dollar Tree from $135.00 to $130.00 and gave the company an “equal weight” rating in a research note on Thursday, June 6th. Wells Fargo & Company decreased their price target on Dollar Tree from $180.00 to $160.00 and gave the company an “overweight” rating in a research note on Thursday, June 6th. KeyCorp upgraded Dollar Tree from a “sector weight” rating to an “overweight” rating in a research note on Wednesday, May 1st and gave the company a $150.00 price target in a research note on Thursday, June 6th. BMO Capital Markets decreased their price target on Dollar Tree from $150.00 to $145.00 and gave the company an “outperform” rating in a research note on Thursday, June 6. Finally, Evercore ISI increased their price target on Dollar Tree from $136.00 to $137.00 and gave the company an “in-line” rating in a research note on Thursday, June 20. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given the company a buy rating. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $141.55.

Get our latest report on Dollar Tree

Insiders place their bets

In other Dollar Tree news, insider Robert Aflatooni sold 827 shares of the company’s stock on Tuesday, June 25. The shares were sold at an average price of $105.58, for a total transaction of $87,314.66. Following the sale, the insider now directly owns 9,725 shares of the company’s stock, valued at $1,026,765.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 6.80% of the shares are owned by insiders of the company.

About Dollar Tree

(Free report)

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 a fixed price of $1.25. It offers consumables, including everyday consumables such as household paper and chemicals, groceries, candy, health and personal care products, and frozen and refrigerated foods; miscellaneous merchandise, including toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, arts and craft supplies, and other items; and seasonal merchandise, including Christmas, Easter, Halloween, and Valentine’s Day items.

More information

Want to see which other hedge funds hold DLTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dollar Tree, Inc. (NASDAQ:DLTR – Free Report).

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