Dollar Tree, Inc. (NASDAQ:DLTR) Shares Acquired by American National Bank

American National Bank grew its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR – Get Rating) by 905.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 201 shares of the company’s stock after acquiring an additional 181 shares during the quarter. American National Bank’s holdings in Dollar Tree were worth $28,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fairfield Bush & CO. purchased a new position in shares of Dollar Tree in the first quarter worth $86,000. Raymond James Trust N.A. lifted its position in Dollar Tree by 36.5% during the 1st quarter. Raymond James Trust N.A. now owns 3,335 shares of the company’s stock worth $534,000 after acquiring an additional 892 shares during the period. Sequoia Financial Advisors LLC purchased a new stake in Dollar Tree during the 1st quarter valued at about $336,000. Candriam Luxembourg S.C.A. raised its stake in shares of Dollar Tree by 9.5% in the first quarter. Candriam Luxembourg S.C.A. now owns 12,417 shares of the company’s stock worth $1,988,000 after purchasing an additional 1,081 shares during the last quarter. Finally, Baird Financial Group Inc. lifted its holdings in shares of Dollar Tree by 21.1% during the first quarter. Baird Financial Group Inc. now owns 16,198 shares of the company’s stock worth $2,594,000 after purchasing an additional 2,825 shares during the period. 97.04% of the stock is owned by hedge funds and other institutional investors.

Dollar Tree Trading Down 1.3 %

Shares of Dollar Tree stock opened at $137.15 on Friday. The company has a current ratio of 1.51, a quick ratio of 0.22 and a debt-to-equity ratio of 0.39. Dollar Tree, Inc. has a twelve month low of $124.76 and a twelve month high of $177.19. The firm has a market capitalization of $30.34 billion, a PE ratio of 19.02, a P/E/G ratio of 1.98 and a beta of 0.68. The firm’s 50-day moving average price is $146.43 and its 200 day moving average price is $146.21.

Dollar Tree (NASDAQ:DLTR – Get Rating) last released its earnings results on Wednesday, March 1st. The company reported $2.04 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.01. Dollar Tree had a return on equity of 19.19% and a net margin of 5.70%. The business had revenue of $7.72 billion for the quarter, compared to the consensus estimate of $7.61 billion. During the same quarter last year, the business posted $2.01 earnings per share. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. On average, sell-side analysts predict that Dollar Tree, Inc. will post 6.6 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Credit Suisse Group reissued a “neutral” rating and set a $150.00 price target on shares of Dollar Tree in a research report on Thursday, March 2nd. UBS Group upped their price target on shares of Dollar Tree from $171.00 to $177.00 in a report on Wednesday, November 23rd. Telsey Advisory Group reissued an “outperform” rating and issued a $165.00 price objective on shares of Dollar Tree in a report on Thursday, March 2nd. Evercore ISI dropped their target price on Dollar Tree from $170.00 to $160.00 in a report on Wednesday, November 23rd. Finally, StockNews.com assumed coverage on Dollar Tree in a report on Thursday. They issued a “hold” rating for the company. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $166.80.

Insider Transactions at Dollar Tree

In related news, CEO Richard W. Dreiling bought 7,100 shares of the stock in a transaction dated Thursday, March 9th. The shares were acquired at an average cost of $142.00 per share, for a total transaction of $1,008,200.00. Following the acquisition, the chief executive officer now directly owns 7,118 shares in the company, valued at approximately $1,010,756. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 5.80% of the company’s stock.

Dollar Tree Profile

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Dollar Tree, Inc owns and operates discount variety stores offering merchandise at fixed prices. It operates through the Dollar Tree and Family Dollar segments. The Dollar Tree segment includes operations under Dollar Tree and Dollar Tree Canada brands, with its distribution centers in the United States and Canada.