US Bancorp DE Has $14.73 Million Position in Dollar Tree, Inc. (NASDAQ:DLTR)

US Bancorp DE cut its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 2.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 110,657 shares of the company’s stock after selling 2,471 shares during the period. US Bancorp DE’s holdings in Dollar Tree were worth $14,734,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. ICA Group Wealth Management LLC acquired a new stake in shares of Dollar Tree in the 4th quarter valued at about $26,000. United Community Bank acquired a new stake in shares of Dollar Tree in the 4th quarter valued at about $27,000. Register Financial Advisors LLC acquired a new stake in shares of Dollar Tree in the 1st quarter valued at about $28,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Dollar Tree in the 4th quarter valued at about $35,000. Finally, City State Bank grew its stake in shares of Dollar Tree by 200.0% in the 4th quarter. City State Bank now owns 300 shares of the company’s stock valued at $43,000 after buying an additional 200 shares during the period. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on DLTR shares. UBS Group dropped their price target on shares of Dollar Tree from $170.00 to $155.00 and set a “buy” rating on the stock in a research report on Friday, June 28th. Gordon Haskett cut shares of Dollar Tree from a “buy” rating to a “hold” rating and dropped their price target for the company from $150.00 to $140.00 in a research report on Wednesday, April 3rd. Citigroup cut shares of Dollar Tree from a “buy” rating to a “neutral” rating and dropped their price target for the company from $163.00 to $120.00 in a research report on Thursday, June 6th. StockNews.com raised shares of Dollar Tree from a “sell” rating to a “hold” rating in a research report on Wednesday, March 27th. Finally, Telsey Advisory Group dropped their price target on shares of Dollar Tree from $160.00 to $155.00 and set an “outperform” rating on the stock in a research report on Thursday, June 6th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $140.90.

Dollar Tree Stock Performance

Shares of NASDAQ:DLTR traded up $0.99 during mid-day trading on Tuesday, reaching $104.82. The company had a trading volume of 2,913,233 shares, compared to its average volume of 2,777,474. The company has a current ratio of 1.28, a quick ratio of 0.23 and a debt-to-equity ratio of 0.47. The firm has a market cap of $22.53 billion, a price-to-earnings ratio of -22.62, a PEG ratio of 1.15 and a beta of 0.88. The company’s 50-day moving average price is $111.52 and its 200-day moving average price is $126.19. Dollar Tree, Inc. has a one year low of $101.83 and a one year high of $154.96.

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

Insider Activity at Dollar Tree

In related news, insider Robert Aflatooni sold 827 shares of Dollar Tree stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $105.58, for a total value of $87,314.66. Following the completion of 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.80% of the stock is owned by company insiders.

Dollar Tree Company 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.