116,544 Shares in Dollar Tree, Inc. (NASDAQ:DLTR) Bought by Waycross Partners LLC

Waycross Partners LLC bought a new stake in Dollar Tree, Inc. (NASDAQ:DLTR) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 116,544 shares of the company’s stock, valued at approximately $12,443,000. Dollar Tree comprises 1.9% of Waycross Partners LLC’s portfolio, making the stock its 23rd largest position.

Several other hedge funds and other institutional investors also recently made changes to their positions in DLTR. Dorsal Capital Management LP bought a new position in Dollar Tree in the fourth quarter valued at about $35,512,000. Wellington Management Group LLP grew its holdings in Dollar Tree by 2.6% during the 4th quarter. Wellington Management Group LLP now owns 2,881,772 shares of the company’s stock worth $409,356,000 after acquiring an additional 73,588 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its position in Dollar Tree by 92.6% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 146,614 shares of the company’s stock valued at $20,826,000 after acquiring an additional 70,478 shares during the period. Bridgefront Capital LLC raised its stake in shares of Dollar Tree by 62.5% during the fourth quarter. Bridgefront Capital LLC now owns 4,918 shares of the company’s stock valued at $699,000 after acquiring an additional 1,892 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Dollar Tree by 1.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 43,671 shares of the company’s stock worth $6,203,000 after purchasing an additional 743 shares during the period. 97.40% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Evercore ISI cut their target price on Dollar Tree from $128.00 to $78.00 and set an “in-line” rating on the stock in a report on Thursday, September 5th. Barclays lowered their price target on shares of Dollar Tree from $128.00 to $81.00 and set an “equal weight” rating for the company in a report on Thursday, September 5th. BMO Capital Markets lowered shares of Dollar Tree from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $130.00 to $68.00 in a research note on Thursday, September 5th. Morgan Stanley lowered their target price on shares of 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, Telsey Advisory Group decreased their price target on Dollar Tree from $120.00 to $95.00 and set an “outperform” rating for the company in a report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $92.53.

Dollar Tree Stock Up 2.7 %

Dollar Tree stock opened at $69.70 on Monday. The company has a current ratio of 1.02, a quick ratio of 0.17 and a debt-to-equity ratio of 0.33. The firm’s fifty day moving average price is $93.93 and its two-hundred day moving average price is $111.95. The firm has a market capitalization of $14.98 billion, a price-to-earnings ratio of -15.19, a price-to-earnings-growth ratio of 2.82 and a beta of 0.87. Dollar Tree, Inc. has a 1-year low of $60.81 and a 1-year high of $151.21.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.37). The business had revenue of $7.37 billion during 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%. The business’s revenue was up .7% on a year-over-year basis. During the same period in the prior year, the company earned $0.91 earnings per share. On average, equities research analysts predict that Dollar Tree, Inc. will post 5.33 earnings per share for the current fiscal year.

Insider Activity at Dollar Tree

In related news, Director Daniel J. Heinrich bought 2,200 shares of the company’s stock in a transaction on Friday, September 6th. The shares were purchased at an average cost of $68.27 per share, for a total transaction of $150,194.00. Following the completion of the purchase, the director now directly owns 9,823 shares in the company, valued at $670,616.21. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. In other Dollar Tree news, insider Robert Aflatooni sold 827 shares of the stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $105.58, for a total transaction of $87,314.66. Following the completion of the transaction, the insider now owns 9,725 shares in the company, valued at $1,026,765.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daniel J. Heinrich bought 2,200 shares of the stock in a transaction on Friday, September 6th. The shares were acquired at an average cost of $68.27 per share, for a total transaction of $150,194.00. Following the acquisition, the director now directly owns 9,823 shares in the company, valued at $670,616.21. The disclosure for this purchase can be found here. 6.80% of the stock is owned by company insiders.

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.