Envestnet Asset Management Inc. Purchases 150,097 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Envestnet Asset Management Inc. increased its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 29.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 663,856 shares of the company’s stock after purchasing an additional 150,097 shares during the period. Envestnet Asset Management Inc. owned approximately 0.31% of Dollar Tree worth $70,880,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. ICA Group Wealth Management LLC bought a new stake in Dollar Tree in the fourth quarter worth about $26,000. United Community Bank purchased a new position in Dollar Tree during the 4th quarter valued at $27,000. Register Financial Advisors LLC bought a new position in Dollar Tree in the 1st quarter valued at $28,000. Mather Group LLC. increased its stake in Dollar Tree by 198.9% in the second quarter. Mather Group LLC. now owns 281 shares of the company’s stock worth $30,000 after purchasing an additional 187 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Dollar Tree during the second quarter valued at $37,000. 97.40% of the stock is currently owned by institutional investors.

Dollar Tree Trading Up 2.2 %

Dollar Tree stock opened at $73.50 on Wednesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.17 and a current ratio of 1.02. The stock has a market cap of $15.80 billion, a PE ratio of -16.01, a price-to-earnings-growth ratio of 2.82 and a beta of 0.87. The stock has a 50-day moving average of $92.62 and a two-hundred day moving average of $110.89. Dollar Tree, Inc. has a one year low of $60.81 and a one year high of $151.21.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Wednesday, September 4th. The company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.49 billion. During the same quarter last year, the business earned $0.91 earnings per share. The firm’s revenue for the quarter was up .7% on a year-over-year basis. On average, research analysts anticipate that Dollar Tree, Inc. will post 5.33 EPS for the current fiscal year.

Insider Activity at Dollar Tree

In other Dollar Tree news, 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 sale, the insider now owns 9,725 shares in the company, valued at approximately $1,026,765.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider Robert Aflatooni sold 827 shares of the stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $105.58, for a total value 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel J. Heinrich purchased 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 of the company’s stock, valued at approximately $670,616.21. The disclosure for this purchase can be found here. 6.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on DLTR shares. Evercore ISI reduced their price target on shares of Dollar Tree from $128.00 to $78.00 and set an “in-line” rating on the stock in a research note on Thursday, September 5th. BMO Capital Markets downgraded shares of Dollar Tree from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $130.00 to $68.00 in a research note on Thursday, September 5th. StockNews.com cut Dollar Tree from a “hold” rating to a “sell” rating in a research note on Friday, September 6th. Barclays decreased their target price on Dollar Tree from $128.00 to $81.00 and set an “equal weight” rating for the company in a research report on Thursday, September 5th. Finally, JPMorgan Chase & Co. downgraded Dollar Tree from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $111.00 to $70.00 in a research report on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat, Dollar Tree presently has a consensus rating of “Hold” and a consensus target price of $92.53.

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.