SeaBridge Investment Advisors LLC Has $1.21 Million Stake in Dollar Tree, Inc. (NASDAQ:DLTR)

SeaBridge Investment Advisors LLC grew its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 1.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,174 shares of the company’s stock after acquiring an additional 141 shares during the period. SeaBridge Investment Advisors LLC’s holdings in Dollar Tree were worth $1,211,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of DLTR. IFM Investors Pty Ltd lifted its position in shares of Dollar Tree by 13.4% during the 1st quarter. IFM Investors Pty Ltd now owns 25,885 shares of the company’s stock valued at $2,963,000 after acquiring an additional 3,061 shares during the period. MD Financial Management Inc. bought a new position in shares of Dollar Tree during the 1st quarter worth about $1,957,000. Royal Bank of Canada grew its stake in shares of Dollar Tree by 5.4% in the 1st quarter. Royal Bank of Canada now owns 1,722,032 shares of the company’s stock valued at $197,103,000 after buying an additional 88,107 shares during the period. American Century Companies Inc. increased its position in Dollar Tree by 21.6% in the 2nd quarter. American Century Companies Inc. now owns 2,496,555 shares of the company’s stock valued at $248,408,000 after buying an additional 443,682 shares in the last quarter. Finally, Hedeker Wealth LLC acquired a new position in Dollar Tree during the 2nd quarter worth approximately $3,115,000. 87.80% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently weighed in on DLTR shares. Bank of America lowered their target price on Dollar Tree from $95.00 to $94.00 and set an “underperform” rating on the stock in a research report on Friday, August 27th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Dollar Tree from $102.00 to $96.00 and set a “hold” rating on the stock in a report on Friday, August 27th. Telsey Advisory Group downgraded shares of Dollar Tree from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $125.00 to $102.00 in a research report on Friday, August 27th. KeyCorp dropped their price target on shares of Dollar Tree from $125.00 to $116.00 and set an “overweight” rating on the stock in a research report on Friday, August 27th. Finally, TheStreet lowered Dollar Tree from a “b” rating to a “c+” rating in a report on Thursday, September 2nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $111.69.

Shares of NASDAQ DLTR traded down $0.75 during trading on Wednesday, reaching $87.68. 59,109 shares of the stock traded hands, compared to its average volume of 2,274,606. The company has a 50-day moving average of $97.68 and a 200-day moving average of $104.45. Dollar Tree, Inc. has a 52-week low of $84.41 and a 52-week high of $120.37. The stock has a market capitalization of $19.72 billion, a P/E ratio of 13.93, a price-to-earnings-growth ratio of 1.56 and a beta of 0.84. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.25 and a quick ratio of 0.26.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Wednesday, August 25th. The company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.22. Dollar Tree had a net margin of 5.78% and a return on equity of 20.78%. The firm had revenue of $6.34 billion during the quarter, compared to analyst estimates of $6.46 billion. During the same quarter last year, the business earned $1.10 earnings per share. The company’s quarterly revenue was up 1.0% on a year-over-year basis. Analysts expect that Dollar Tree, Inc. will post 5.53 earnings per share for the current fiscal year.

In related news, insider Richard L. Mcneely sold 7,635 shares of the business’s stock in a transaction that occurred on Monday, June 21st. The shares were sold at an average price of $101.16, for a total transaction of $772,356.60. Following the completion of the transaction, the insider now owns 497 shares of the company’s stock, valued at $50,276.52. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 1.20% of the company’s stock.

Dollar Tree Company Profile

Dollar Tree, Inc owns and operates discount variety stores offering merchandise at the fixed prices. It operates through Dollar Tree and Family Dollar segments. The Dollar Tree segment includes operations under Dollar Tree and Dollar Tree Canada brands, with its distribution centers in the United States and in Canada.

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

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