2,389 Shares in Dollar Tree, Inc. (NASDAQ:DLTR) Purchased by Choreo LLC

Choreo LLC bought a new stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,389 shares of the company’s stock, valued at approximately $256,000.

Several other large investors also recently modified their holdings of the stock. ICA Group Wealth Management LLC purchased a new stake in Dollar Tree in the 4th quarter worth about $26,000. United Community Bank purchased a new stake in shares of Dollar Tree during the fourth quarter worth $27,000. Register Financial Advisors LLC bought a new position in shares of Dollar Tree in the first quarter worth $28,000. Mather Group LLC. grew its position in shares of Dollar Tree by 198.9% in the second quarter. Mather Group LLC. now owns 281 shares of the company’s stock valued at $30,000 after purchasing an additional 187 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Dollar Tree during the 2nd quarter valued at $37,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Dollar Tree Price Performance

Shares of DLTR stock opened at $75.67 on Thursday. The business’s 50 day moving average price is $92.09 and its 200-day moving average price is $110.65. Dollar Tree, Inc. has a fifty-two week low of $60.81 and a fifty-two week high of $151.21. The firm has a market cap of $16.26 billion, a P/E ratio of -16.49, a P/E/G ratio of 2.82 and a beta of 0.87. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.17 and a current ratio of 1.02.

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

Insiders Place Their Bets

In other news, insider Robert Aflatooni sold 827 shares of the company’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 sale, the insider now directly owns 9,725 shares of the company’s stock, valued at approximately $1,026,765.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Daniel J. Heinrich purchased 2,200 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were bought at an average price of $68.27 per share, for a total transaction of $150,194.00. Following the purchase, the director now directly owns 9,823 shares in the company, valued at approximately $670,616.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Robert Aflatooni sold 827 shares of the firm’s stock in a transaction that occurred 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 directly owns 9,725 shares of the company’s stock, 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

A number of equities analysts have recently commented on DLTR shares. Citigroup cut their price objective on shares of Dollar Tree from $120.00 to $64.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. StockNews.com lowered shares of Dollar Tree from a “hold” rating to a “sell” rating in a research report on Friday, September 6th. Evercore ISI decreased 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 report on Thursday, September 5th. BMO Capital Markets cut shares of Dollar Tree from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $130.00 to $68.00 in a research report on Thursday, September 5th. Finally, JPMorgan Chase & Co. lowered Dollar Tree from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $111.00 to $70.00 in a research report on Wednesday, September 4th. One investment 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, the stock presently has an average rating of “Hold” and an average 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.