Inspire Investing LLC Boosts Stake in Dollar Tree, Inc. (NASDAQ:DLTR)

Inspire Investing LLC increased its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 5.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,314 shares of the company’s stock after buying an additional 185 shares during the period. Inspire Investing LLC’s holdings in Dollar Tree were worth $441,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. ICA Group Wealth Management LLC purchased a new stake in Dollar Tree during the fourth quarter valued at approximately $26,000. United Community Bank purchased a new stake in Dollar Tree during the fourth quarter valued at approximately $27,000. Register Financial Advisors LLC purchased a new stake in Dollar Tree during the first quarter valued at approximately $28,000. Turtle Creek Wealth Advisors LLC purchased a new stake in Dollar Tree during the fourth quarter valued at approximately $35,000. Finally, City State Bank raised its position in Dollar Tree by 200.0% during the fourth quarter. City State Bank now owns 300 shares of the company’s stock valued at $43,000 after purchasing an additional 200 shares during the period. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Citigroup cut Dollar Tree from a “buy” rating to a “neutral” rating and cut their target price for the company from $163.00 to $120.00 in a research note on Thursday, June 6th. StockNews.com raised Dollar Tree from a “sell” rating to a “hold” rating in a research note on Wednesday, March 27th. Morgan Stanley cut their target price on Dollar Tree from $135.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Thursday, June 6th. UBS Group cut their target price on Dollar Tree from $170.00 to $155.00 and set a “buy” rating on the stock in a research note on Friday, June 28th. Finally, JPMorgan Chase & Co. dropped their price objective on Dollar Tree from $152.00 to $135.00 and set an “overweight” rating on the stock in a research note on Thursday, June 6th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $140.90.

Insider Activity

In related news, insider Robert Aflatooni sold 827 shares of Dollar Tree stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $105.58, for a total value of $87,314.66. Following the sale, the insider now directly owns 9,725 shares in the company, valued at approximately $1,026,765.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 6.80% of the company’s stock.

Dollar Tree Stock Performance

Shares of NASDAQ DLTR traded down $0.34 during trading on Tuesday, reaching $103.49. 1,460,544 shares of the company traded hands, compared to its average volume of 2,766,714. The firm’s fifty day simple moving average is $111.52 and its 200 day simple moving average is $126.19. The stock has a market cap of $22.24 billion, a P/E ratio of -22.62, a PEG ratio of 1.15 and a beta of 0.88. Dollar Tree, Inc. has a 12-month low of $101.83 and a 12-month high of $154.96. The company has a current ratio of 1.28, a quick ratio of 0.23 and a debt-to-equity ratio of 0.47.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Wednesday, June 5th. The company reported $1.43 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.43. The business had revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.63 billion. Dollar Tree had a positive return on equity of 15.67% and a negative net margin of 3.23%. The company’s revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the business posted $1.47 EPS. As a group, research analysts anticipate that Dollar Tree, Inc. will post 6.63 earnings per share for the current fiscal year.

Dollar Tree 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.