Louisbourg Investments Inc. Sells 6,213 Shares of Dollar Tree, Inc. $DLTR

Louisbourg Investments Inc. reduced its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 13.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 39,091 shares of the company’s stock after selling 6,213 shares during the period. Louisbourg Investments Inc.’s holdings in Dollar Tree were worth $4,809,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Root Financial Partners LLC bought a new position in Dollar Tree during the third quarter worth about $29,000. FNY Investment Advisers LLC bought a new stake in shares of Dollar Tree in the 3rd quarter valued at approximately $37,000. Smartleaf Asset Management LLC raised its holdings in shares of Dollar Tree by 90.5% in the 3rd quarter. Smartleaf Asset Management LLC now owns 423 shares of the company’s stock worth $40,000 after buying an additional 201 shares in the last quarter. Atlantic Union Bankshares Corp bought a new position in shares of Dollar Tree during the 3rd quarter worth approximately $41,000. Finally, 1248 Management LLC bought a new position in shares of Dollar Tree during the 2nd quarter worth approximately $44,000. Institutional investors own 97.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Wells Fargo & Company upped their price target on Dollar Tree from $125.00 to $145.00 and gave the company an “overweight” rating in a research report on Friday, December 19th. Bank of America lifted their price objective on Dollar Tree from $85.00 to $89.00 and gave the company an “underperform” rating in a report on Monday, March 16th. Morgan Stanley reduced their target price on shares of Dollar Tree from $146.00 to $126.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 17th. Wall Street Zen lowered shares of Dollar Tree from a “buy” rating to a “hold” rating in a report on Sunday, March 29th. Finally, Guggenheim reiterated a “buy” rating and set a $130.00 target price on shares of Dollar Tree in a research report on Tuesday, March 17th. Eight equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and seven have issued a Sell rating to the company. Based on data from MarketBeat, Dollar Tree presently has a consensus rating of “Hold” and an average target price of $123.24.

Dollar Tree Trading Down 0.2%

Shares of DLTR opened at $108.44 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.29 and a current ratio of 1.07. The company has a market cap of $21.40 billion, a price-to-earnings ratio of 17.35, a PEG ratio of 1.36 and a beta of 0.74. The stock has a fifty day moving average price of $118.41 and a two-hundred day moving average price of $113.15. Dollar Tree, Inc. has a 52-week low of $61.87 and a 52-week high of $142.40.

Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Monday, March 16th. The company reported $2.56 EPS for the quarter, topping the consensus estimate of $2.53 by $0.03. Dollar Tree had a return on equity of 32.24% and a net margin of 6.61%.The company had revenue of $5.45 billion for the quarter, compared to analysts’ expectations of $5.46 billion. During the same quarter in the prior year, the business earned $2.11 earnings per share. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. Analysts predict that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Dollar Tree Profile

Dollar Tree, Inc is a North American discount retailer that operates a portfolio of value-oriented store banners, primarily Dollar Tree and Family Dollar. The company’s stores offer a broad assortment of everyday items at low price points, including household essentials, food and snacks, health and beauty products, cleaning supplies, seasonal and party goods, home décor, and basic apparel. Dollar Tree’s merchandising strategy emphasizes high-turnover branded and private-label merchandise tailored to budget-conscious consumers, with Family Dollar complementing the chain by offering a wider range of price points and assortment depth in smaller-format neighborhood locations.

Founded in 1986 and headquartered in Chesapeake, Virginia, Dollar Tree has grown through both organic store openings and acquisitions.