Poplar Forest Capital LLC Has $19.21 Million Stock Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Poplar Forest Capital LLC raised its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 0.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 179,895 shares of the company’s stock after purchasing an additional 1,517 shares during the period. Dollar Tree accounts for about 2.7% of Poplar Forest Capital LLC’s investment portfolio, making the stock its 21st largest position. Poplar Forest Capital LLC owned approximately 0.08% of Dollar Tree worth $19,207,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DLTR. Dorsal Capital Management LP acquired a new stake in Dollar Tree in the 4th quarter valued at approximately $35,512,000. Wellington Management Group LLP raised its position in shares of Dollar Tree by 2.6% during the fourth 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 grew its stake in shares of Dollar Tree by 92.6% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 146,614 shares of the company’s stock worth $20,826,000 after purchasing an additional 70,478 shares during the period. Bridgefront Capital LLC grew its stake in Dollar Tree by 62.5% in 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 period. Finally, Janney Montgomery Scott LLC boosted its position 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 buying an additional 743 shares during the period. 97.40% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Dollar Tree

In other Dollar Tree news, insider Robert Aflatooni sold 827 shares of the company’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $105.58, for a total value of $87,314.66. Following the transaction, 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 through the SEC website. 6.80% of the stock is owned by insiders.

Dollar Tree Price Performance

NASDAQ:DLTR traded down $1.97 during trading hours on Friday, reaching $66.50. 7,538,315 shares of the company were exchanged, compared to its average volume of 3,073,366. The stock’s 50-day moving average is $97.85 and its 200-day moving average is $114.94. The firm has a market cap of $14.29 billion, a PE ratio of -14.49, a price-to-earnings-growth ratio of 0.93 and a beta of 0.87. 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, Inc. has a twelve month low of $60.81 and a twelve month high of $151.21.

Dollar Tree (NASDAQ:DLTR) last announced its earnings results 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 positive return on equity of 15.67% and a negative net margin of 3.23%. The company had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.49 billion. During the same period last year, the business earned $0.91 EPS. The company’s quarterly revenue was up .7% compared to the same quarter last year. On average, sell-side analysts anticipate that Dollar Tree, Inc. will post 6.46 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DLTR. Guggenheim dropped their price objective on Dollar Tree from $150.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday. Citigroup reduced their price target on Dollar Tree from $120.00 to $64.00 and set a “neutral” rating on the stock in a research report on Thursday. JPMorgan Chase & Co. downgraded Dollar Tree from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $111.00 to $70.00 in a report on Wednesday. Morgan Stanley reduced their price objective on Dollar Tree from $130.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Thursday. Finally, Wells Fargo & Company dropped their price target on shares of Dollar Tree from $130.00 to $100.00 and set an “overweight” rating for the company in a research note on Thursday. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Dollar Tree currently has a consensus rating of “Hold” and a consensus price target of $95.00.

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.