Dollar Tree, Inc. (NASDAQ:DLTR) Shares Bought by Indiana Trust & Investment Management CO

Indiana Trust & Investment Management CO lifted its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 168.4% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 416 shares of the company’s stock after buying an additional 261 shares during the quarter. Indiana Trust & Investment Management CO’s holdings in Dollar Tree were worth $55,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. ICA Group Wealth Management LLC bought a new position in Dollar Tree in the fourth quarter worth about $26,000. United Community Bank bought a new position in shares of Dollar Tree during the fourth quarter valued at approximately $27,000. Operose Advisors LLC acquired a new stake in shares of Dollar Tree during the 3rd quarter worth approximately $34,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Dollar Tree in the 4th quarter worth approximately $35,000. Finally, City State Bank grew its position in shares of Dollar Tree by 200.0% during the fourth quarter. City State Bank now owns 300 shares of the company’s stock worth $43,000 after acquiring an additional 200 shares during the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Dollar Tree

In other Dollar Tree news, insider Robert Aflatooni sold 827 shares of Dollar Tree stock in a transaction on Tuesday, June 25th. 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 owns 9,725 shares in the company, valued at $1,026,765.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Jeffrey A. Davis acquired 1,800 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was purchased at an average price of $136.00 per share, for a total transaction of $244,800.00. Following the transaction, the chief financial officer now directly owns 19,047 shares of the company’s stock, valued at approximately $2,590,392. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert Aflatooni sold 827 shares of the firm’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $105.58, for a total value of $87,314.66. Following the completion of 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 currently owned by corporate insiders.

Dollar Tree Stock Performance

DLTR opened at $106.77 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.23 and a current ratio of 1.28. The company has a market cap of $22.95 billion, a PE ratio of -23.26, a price-to-earnings-growth ratio of 1.11 and a beta of 0.90. The stock has a 50-day moving average of $114.77 and a 200-day moving average of $128.49. Dollar Tree, Inc. has a 52-week low of $101.85 and a 52-week high of $154.96.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Wednesday, June 5th. The company reported $1.43 EPS for the quarter, meeting the consensus estimate of $1.43. Dollar Tree had a positive return on equity of 15.67% and a negative net margin of 3.23%. The company had revenue of $7.63 billion for the quarter, compared to the consensus estimate of $7.63 billion. During the same quarter last year, the company posted $1.47 earnings per share. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. As a group, equities research analysts forecast that Dollar Tree, Inc. will post 6.66 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company cut their price target on Dollar Tree from $180.00 to $160.00 and set an “overweight” rating on the stock in a report on Thursday, June 6th. Jefferies Financial Group dropped their target price on Dollar Tree from $130.00 to $128.00 in a report on Thursday, March 14th. Morgan Stanley decreased their price target on Dollar Tree from $135.00 to $130.00 and set an “equal weight” rating for the company in a research note on Thursday, June 6th. TheStreet downgraded shares of Dollar Tree from a “b-” rating to a “c” rating in a report on Wednesday, March 13th. Finally, Loop Capital reduced their target price on shares of Dollar Tree from $195.00 to $170.00 and set a “buy” rating for the company in a report on Thursday, March 14th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $142.45.

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.