Pekin Hardy Strauss Inc. Acquires New Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Pekin Hardy Strauss Inc. bought a new stake in Dollar Tree, Inc. (NASDAQ:DLTRFree Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 74,441 shares of the company’s stock, valued at approximately $5,235,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DLTR. Citigroup Inc. lifted its position in Dollar Tree by 30.3% in the third quarter. Citigroup Inc. now owns 449,763 shares of the company’s stock worth $31,627,000 after purchasing an additional 104,684 shares during the period. Raymond James Trust N.A. raised its stake in shares of Dollar Tree by 66.3% in the 3rd quarter. Raymond James Trust N.A. now owns 8,309 shares of the company’s stock worth $584,000 after buying an additional 3,313 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Dollar Tree by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,253,423 shares of the company’s stock valued at $88,141,000 after buying an additional 10,681 shares during the period. Primecap Management Co. CA boosted its stake in Dollar Tree by 5.5% during the third quarter. Primecap Management Co. CA now owns 3,030,845 shares of the company’s stock valued at $213,129,000 after buying an additional 158,385 shares in the last quarter. Finally, Intech Investment Management LLC grew its holdings in Dollar Tree by 68.5% during the third quarter. Intech Investment Management LLC now owns 257,138 shares of the company’s stock worth $18,082,000 after acquiring an additional 104,508 shares during the period. Institutional investors own 97.40% of the company’s stock.

Insider Activity

In related news, Director Daniel J. Heinrich bought 2,200 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was acquired at an average cost of $68.27 per share, with a total value of $150,194.00. Following the acquisition, the director now owns 9,823 shares in the company, valued at approximately $670,616.21. This represents a 28.86 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 6.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DLTR. StockNews.com lowered shares of Dollar Tree from a “hold” rating to a “sell” rating in a research report on Wednesday. Evercore ISI decreased their price target on shares of Dollar Tree from $105.00 to $100.00 and set an “in-line” rating on the stock in a research report on Tuesday, October 22nd. Telsey Advisory Group downgraded Dollar Tree from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $95.00 to $75.00 in a research report on Tuesday, November 5th. Barclays decreased their target price on Dollar Tree from $128.00 to $81.00 and set an “equal weight” rating on the stock in a report on Thursday, September 5th. Finally, Sanford C. Bernstein initiated coverage on Dollar Tree in a report on Tuesday, October 22nd. They set a “market perform” rating and a $76.00 target price for the company. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $87.95.

Check Out Our Latest Analysis on Dollar Tree

Dollar Tree Trading Up 1.0 %

Dollar Tree stock opened at $66.40 on Friday. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $151.21. The stock has a market cap of $14.28 billion, a price-to-earnings ratio of -13.61, a price-to-earnings-growth ratio of 2.60 and a beta of 0.87. The business has a 50 day moving average price of $67.75 and a two-hundred day moving average price of $90.26. The company has a quick ratio of 0.17, a current ratio of 1.02 and a debt-to-equity ratio of 0.33.

Dollar Tree (NASDAQ:DLTRGet Free Report) last issued its earnings results on Wednesday, September 4th. The company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $7.49 billion. During the same quarter in the previous year, the company posted $0.91 earnings per share. The business’s revenue for the quarter was up .7% compared to the same quarter last year. As a group, equities analysts forecast that Dollar Tree, Inc. will post 5.35 EPS for the current year.

Dollar Tree Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding DLTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dollar Tree, Inc. (NASDAQ:DLTRFree Report).

Institutional Ownership by Quarter for Dollar Tree (NASDAQ:DLTR)

Receive News & Ratings for Dollar Tree Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar Tree and related companies with MarketBeat.com's FREE daily email newsletter.