4,879 Shares in Dollar Tree, Inc. (NASDAQ:DLTR) Purchased by Lebenthal Global Advisors LLC

Lebenthal Global Advisors LLC bought a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) during the 3rd quarter, HoldingsChannel reports. The institutional investor bought 4,879 shares of the company’s stock, valued at approximately $343,000.

Other hedge funds have also recently bought and sold shares of the company. Strategic Financial Concepts LLC purchased a new stake in Dollar Tree during the 2nd quarter worth about $26,000. Mather Group LLC. increased 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 purchasing an additional 187 shares during the period. Eastern Bank purchased a new stake in Dollar Tree during the 3rd quarter worth about $34,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Dollar Tree during the 2nd quarter worth about $37,000. Finally, Blue Trust Inc. increased its holdings in Dollar Tree by 174.5% during the 2nd quarter. Blue Trust Inc. now owns 431 shares of the company’s stock worth $46,000 after purchasing an additional 274 shares during the period. Institutional investors and hedge funds own 97.40% of the company’s stock.

Dollar Tree Stock Performance

NASDAQ DLTR opened at $66.60 on Friday. Dollar Tree, Inc. has a 1-year low of $60.81 and a 1-year high of $151.21. The company has a market capitalization of $14.32 billion, a P/E ratio of -13.65, a PEG ratio of 2.68 and a beta of 0.86. The business has a 50 day moving average price of $71.57 and a 200 day moving average price of $96.40. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.02 and a quick ratio of 0.17.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data 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). Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. The firm had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.49 billion. During the same period in the previous year, the business earned $0.91 earnings per share. The business’s revenue for the quarter was up .7% on a year-over-year basis. Sell-side analysts expect that Dollar Tree, Inc. will post 5.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

DLTR has been the topic of a number of recent analyst reports. Redburn Atlantic upgraded Dollar Tree to a “hold” rating in a report on Monday, September 23rd. Morgan Stanley dropped their price objective on Dollar Tree from $130.00 to $80.00 and set an “equal weight” rating on the stock in a report on Thursday, September 5th. Telsey Advisory Group dropped their price objective on Dollar Tree from $120.00 to $95.00 and set an “outperform” rating on the stock in a report on Thursday, September 5th. UBS Group dropped their price objective on Dollar Tree from $155.00 to $105.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Finally, KeyCorp dropped their price objective on Dollar Tree from $145.00 to $84.00 and set an “overweight” rating on the stock in a report on Thursday, September 5th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $88.53.

Insider Activity at Dollar Tree

In related news, Director Daniel J. Heinrich purchased 2,200 shares of the company’s stock in a transaction on Friday, September 6th. The stock was bought at an average price of $68.27 per share, with a total value of $150,194.00. Following the completion of the transaction, the director now owns 9,823 shares of the company’s stock, valued at approximately $670,616.21. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 6.80% of the stock is currently 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.