RMR Wealth Builders Invests $245,000 in Dollar Tree, Inc. (NASDAQ:DLTR)

RMR Wealth Builders acquired a new stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,727 shares of the company’s stock, valued at approximately $245,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC purchased a new position in shares of Dollar Tree in the 4th quarter worth approximately $15,638,000. DAVENPORT & Co LLC increased its position in shares of Dollar Tree by 155.2% during the fourth quarter. DAVENPORT & Co LLC now owns 31,275 shares of the company’s stock worth $4,443,000 after purchasing an additional 19,019 shares in the last quarter. Illinois Municipal Retirement Fund lifted its holdings in shares of Dollar Tree by 52.0% during the 4th quarter. Illinois Municipal Retirement Fund now owns 112,540 shares of the company’s stock valued at $15,986,000 after purchasing an additional 38,517 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in shares of Dollar Tree in the 4th quarter worth $4,247,000. Finally, Sequoia Financial Advisors LLC grew its stake in Dollar Tree by 97.2% during the 4th quarter. Sequoia Financial Advisors LLC now owns 5,869 shares of the company’s stock worth $834,000 after buying an additional 2,893 shares during the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Insider Activity at Dollar Tree

In other news, Director Daniel J. Heinrich acquired 1,000 shares of the business’s stock in a transaction on Monday, March 18th. The stock was bought at an average cost of $127.85 per share, for a total transaction of $127,850.00. Following the purchase, the director now owns 6,225 shares in the company, valued at $795,866.25. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Daniel J. Heinrich acquired 1,000 shares of the business’s stock in a transaction on Monday, March 18th. The stock was bought at an average cost of $127.85 per share, for a total transaction of $127,850.00. Following the purchase, the director now owns 6,225 shares in the company, valued at $795,866.25. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jeffrey A. Davis acquired 1,800 shares of the business’s stock in a transaction on Monday, April 1st. The shares were purchased at an average price of $136.00 per share, with a total value of $244,800.00. Following the completion of the purchase, the chief financial officer now owns 19,047 shares in the company, valued at approximately $2,590,392. The disclosure for this purchase can be found here. 6.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Guggenheim increased their price target on Dollar Tree from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. BMO Capital Markets dropped their target price on shares of Dollar Tree from $170.00 to $160.00 and set an “outperform” rating on the stock in a research report on Thursday, March 14th. Loop Capital cut their price target on shares of Dollar Tree from $195.00 to $170.00 and set a “buy” rating on the stock in a research note on Thursday, March 14th. KeyCorp upgraded shares of Dollar Tree from a “sector weight” rating to an “overweight” rating and set a $150.00 price objective for the company in a research note on Wednesday, May 1st. Finally, TheStreet downgraded Dollar Tree from a “b-” rating to a “c” rating in a research report on Wednesday, March 13th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $150.05.

Dollar Tree Price Performance

Shares of Dollar Tree stock traded down $2.10 on Wednesday, hitting $119.57. The company’s stock had a trading volume of 2,314,348 shares, compared to its average volume of 2,710,833. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 1.31. Dollar Tree, Inc. has a 1 year low of $102.77 and a 1 year high of $161.10. The firm has a fifty day moving average price of $130.46 and a 200-day moving average price of $129.65. The company has a market capitalization of $26.06 billion, a price-to-earnings ratio of -25.88, a price-to-earnings-growth ratio of 1.14 and a beta of 0.92.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Wednesday, March 13th. The company reported $2.55 earnings per share for the quarter, missing the consensus estimate of $2.67 by ($0.12). Dollar Tree had a negative net margin of 3.26% and a positive return on equity of 15.11%. The business had revenue of $8.63 billion during the quarter, compared to analysts’ expectations of $8.66 billion. During the same quarter in the prior year, the firm earned $2.04 EPS. Dollar Tree’s revenue for the quarter was up 11.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Dollar Tree, Inc. will post 6.92 earnings per share for the current fiscal year.

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.