3,800 Shares in Dollar Tree, Inc. (NASDAQ:DLTR) Purchased by Capital Investment Counsel Inc

Capital Investment Counsel Inc acquired a new stake in Dollar Tree, Inc. (NASDAQ:DLTR) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 3,800 shares of the company’s stock, valued at approximately $285,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Creative Planning increased its position in Dollar Tree by 8.6% during the third quarter. Creative Planning now owns 24,673 shares of the company’s stock worth $1,646,000 after buying an additional 1,959 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Dollar Tree by 124.4% during the third quarter. Blue Trust Inc. now owns 967 shares of the company’s stock valued at $68,000 after acquiring an additional 536 shares during the last quarter. Raymond James & Associates increased its position in Dollar Tree by 80.6% during the 3rd quarter. Raymond James & Associates now owns 310,084 shares of the company’s stock worth $21,805,000 after purchasing an additional 138,415 shares in the last quarter. Signaturefd LLC raised its stake in Dollar Tree by 11.2% in the 3rd quarter. Signaturefd LLC now owns 3,343 shares of the company’s stock valued at $235,000 after purchasing an additional 337 shares during the last quarter. Finally, Eastern Bank purchased a new position in Dollar Tree in the 3rd quarter valued at about $34,000. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on DLTR. JPMorgan Chase & Co. lifted their price target on shares of Dollar Tree from $70.00 to $82.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Loop Capital raised their target price on shares of Dollar Tree from $65.00 to $75.00 and gave the stock a “hold” rating in a research report on Thursday, December 5th. Guggenheim cut their price target on Dollar Tree from $120.00 to $100.00 and set a “buy” rating for the company in a report on Friday, December 6th. KeyCorp cut Dollar Tree from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 7th. Finally, Jefferies Financial Group lifted their price objective on Dollar Tree from $70.00 to $75.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th. Seventeen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $85.58.

Dollar Tree Trading Up 0.9 %

NASDAQ DLTR opened at $76.29 on Friday. The firm has a market capitalization of $16.40 billion, a price-to-earnings ratio of -15.99, a PEG ratio of 2.11 and a beta of 0.89. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. Dollar Tree, Inc. has a one year low of $60.49 and a one year high of $151.21. The company’s 50 day moving average price is $73.04 and its 200 day moving average price is $73.94.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Wednesday, December 4th. The company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.05. The company had revenue of $7.57 billion during the quarter, compared to analyst estimates of $7.45 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.97 earnings per share. On average, sell-side analysts predict that Dollar Tree, Inc. will post 5.39 EPS for the current year.

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.