Virtu Financial LLC Purchases Shares of 10,423 Dollar Tree, Inc. (NASDAQ:DLTR)

Virtu Financial LLC acquired a new position in Dollar Tree, Inc. (NASDAQ:DLTR) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 10,423 shares of the company’s stock, valued at approximately $1,113,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. ICA Group Wealth Management LLC acquired a new position in Dollar Tree in the fourth quarter worth approximately $26,000. United Community Bank acquired a new position in shares of Dollar Tree in the 4th quarter valued at $27,000. Register Financial Advisors LLC purchased a new position in Dollar Tree in the 1st quarter worth about $28,000. Mather Group LLC. raised its holdings in Dollar Tree by 198.9% during the 2nd quarter. Mather Group LLC. now owns 281 shares of the company’s stock worth $30,000 after buying an additional 187 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Dollar Tree during the second quarter valued at about $37,000. 97.40% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DLTR has been the topic of a number of recent analyst reports. Guggenheim cut their price target on shares of Dollar Tree from $150.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, September 6th. UBS Group reduced their target price on Dollar Tree from $155.00 to $105.00 and set a “buy” rating for the company in a report on Thursday, September 5th. KeyCorp lowered their price target on Dollar Tree from $145.00 to $84.00 and set an “overweight” rating on the stock in a report on Thursday, September 5th. Morgan Stanley reduced their price objective on Dollar Tree from $130.00 to $80.00 and set an “equal weight” rating for the company in a research note on Thursday, September 5th. Finally, Loop Capital cut Dollar Tree from a “buy” rating to a “hold” rating and set a $65.00 target price on the stock. in a research note on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $92.53.

Dollar Tree Stock Up 3.0 %

Dollar Tree stock opened at $75.67 on Thursday. The company has a current ratio of 1.02, a quick ratio of 0.17 and a debt-to-equity ratio of 0.33. Dollar Tree, Inc. has a 1-year low of $60.81 and a 1-year high of $151.21. The firm’s fifty day simple moving average is $92.09 and its 200-day simple moving average is $110.65. The company has a market capitalization 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.

Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.37). The company had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.49 billion. Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. Dollar Tree’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter last year, the business earned $0.91 earnings per share. Sell-side analysts forecast that Dollar Tree, Inc. will post 5.33 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Daniel J. Heinrich purchased 2,200 shares of the stock in a transaction 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 completion of the acquisition, the director now directly owns 9,823 shares in the company, valued at approximately $670,616.21. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Robert Aflatooni sold 827 shares of the stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $105.58, for a total transaction of $87,314.66. Following the completion of the sale, the insider now owns 9,725 shares in the company, valued at approximately $1,026,765.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Daniel J. Heinrich purchased 2,200 shares of the company’s 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 transaction, the director now owns 9,823 shares in the company, valued at $670,616.21. The disclosure for this purchase can be found here. Corporate insiders own 6.80% of the company’s stock.

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.