Janney Montgomery Scott LLC Acquires Shares of 54,292 Dollar Tree, Inc. (NASDAQ:DLTR)

Janney Montgomery Scott LLC bought a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 54,292 shares of the company’s stock, valued at approximately $4,069,000.

Other large investors have also made changes to their positions in the company. Versant Capital Management Inc bought a new stake in Dollar Tree during the 4th quarter worth about $30,000. MassMutual Private Wealth & Trust FSB grew its position in shares of Dollar Tree by 91.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock worth $33,000 after buying an additional 210 shares during the period. Eastern Bank bought a new stake in shares of Dollar Tree during the third quarter worth approximately $34,000. First Horizon Advisors Inc. lifted its holdings in Dollar Tree by 105.6% in the third quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock valued at $39,000 after buying an additional 284 shares during the period. Finally, Sunbelt Securities Inc. boosted its stake in Dollar Tree by 738.7% in the third quarter. Sunbelt Securities Inc. now owns 629 shares of the company’s stock valued at $44,000 after acquiring an additional 554 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Dollar Tree Stock Up 0.4 %

NASDAQ:DLTR opened at $74.50 on Friday. The stock has a 50-day simple moving average of $72.26 and a 200 day simple moving average of $77.18. Dollar Tree, Inc. has a 52-week low of $60.49 and a 52-week high of $151.21. The company has a market cap of $16.02 billion, a PE ratio of -15.62, a PEG ratio of 2.29 and a beta of 0.90. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Wednesday, December 4th. The company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.05. The company had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $7.45 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The business’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period last year, the business earned $0.97 EPS. On average, sell-side analysts expect that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

DLTR has been the topic of a number of analyst reports. Guggenheim cut their price target on Dollar Tree from $120.00 to $100.00 and set a “buy” rating on the stock in a research note on Friday, December 6th. Sanford C. Bernstein began coverage on Dollar Tree in a report on Tuesday, October 22nd. They set a “market perform” rating and a $76.00 target price on the stock. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $75.00 price target on shares of Dollar Tree in a research note on Friday, December 20th. StockNews.com upgraded shares of Dollar Tree from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th. Finally, JPMorgan Chase & Co. upped their target price on shares of Dollar Tree from $70.00 to $82.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Seventeen analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Dollar Tree presently has an average rating of “Hold” and an average price target of $85.58.

About Dollar Tree

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.