First Horizon Advisors Inc. Purchases 284 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

First Horizon Advisors Inc. boosted its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 105.6% in the third quarter, Holdings Channel reports. The institutional investor owned 553 shares of the company’s stock after buying an additional 284 shares during the period. First Horizon Advisors Inc.’s holdings in Dollar Tree were worth $39,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in DLTR. Primecap Management Co. CA raised its stake in shares of Dollar Tree by 50.0% during the second quarter. Primecap Management Co. CA now owns 2,872,460 shares of the company’s stock valued at $306,693,000 after acquiring an additional 957,275 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Dollar Tree by 488.4% during the 2nd quarter. Renaissance Technologies LLC now owns 1,044,595 shares of the company’s stock worth $111,531,000 after buying an additional 867,054 shares during the period. Equity Investment Corp grew its position in shares of Dollar Tree by 95.9% in the 3rd quarter. Equity Investment Corp now owns 1,525,374 shares of the company’s stock valued at $107,264,000 after buying an additional 746,913 shares during the last quarter. Point72 Asset Management L.P. increased its stake in shares of Dollar Tree by 165.4% in the second quarter. Point72 Asset Management L.P. now owns 1,028,411 shares of the company’s stock valued at $109,803,000 after buying an additional 640,848 shares during the period. Finally, Canoe Financial LP bought a new position in shares of Dollar Tree during the third quarter worth about $46,576,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Redburn Atlantic raised shares of Dollar Tree to a “hold” rating in a research report on Monday, September 23rd. Citigroup lowered their target price on shares of Dollar Tree from $120.00 to $64.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. StockNews.com lowered shares of Dollar Tree from a “hold” rating to a “sell” rating in a report on Wednesday, November 20th. Wells Fargo & Company lowered their price objective on Dollar Tree from $130.00 to $100.00 and set an “overweight” rating for the company in a research report on Thursday, September 5th. Finally, Telsey Advisory Group lowered Dollar Tree from an “outperform” rating to a “market perform” rating and cut their target price for the company from $95.00 to $75.00 in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Dollar Tree presently has a consensus rating of “Hold” and a consensus price target of $87.95.

Dollar Tree Trading Up 5.1 %

NASDAQ:DLTR opened at $69.78 on Tuesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.02 and a quick ratio of 0.17. Dollar Tree, Inc. has a one year low of $60.49 and a one year high of $151.21. The company has a market cap of $15.00 billion, a PE ratio of -14.30, a PEG ratio of 2.63 and a beta of 0.87. The firm has a 50-day moving average of $67.70 and a 200-day moving average of $89.70.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.37). Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. The company had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.49 billion. During the same quarter last year, the firm posted $0.91 EPS. Dollar Tree’s revenue for the quarter was up .7% on a year-over-year basis. As a group, equities research analysts expect that Dollar Tree, Inc. will post 5.35 EPS for the current fiscal year.

Insider Buying and Selling at Dollar Tree

In other news, Director Daniel J. Heinrich acquired 2,200 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was purchased at an average price of $68.27 per share, for a total transaction of $150,194.00. Following the purchase, the director now owns 9,823 shares in the company, valued at approximately $670,616.21. This represents a 28.86 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 6.80% of the company’s stock.

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.