Rhumbline Advisers Has $40.81 Million Stake in Dollar Tree, Inc. (NASDAQ:DLTR)

Rhumbline Advisers decreased its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 3.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 382,175 shares of the company’s stock after selling 14,538 shares during the period. Rhumbline Advisers owned approximately 0.18% of Dollar Tree worth $40,805,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. NBC Securities Inc. boosted its stake in Dollar Tree by 7.1% in the fourth quarter. NBC Securities Inc. now owns 1,150 shares of the company’s stock valued at $163,000 after acquiring an additional 76 shares during the last quarter. Mount Yale Investment Advisors LLC boosted its stake in Dollar Tree by 4.9% in the first quarter. Mount Yale Investment Advisors LLC now owns 1,985 shares of the company’s stock valued at $264,000 after acquiring an additional 93 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Dollar Tree by 4.0% during the 1st quarter. GAMMA Investing LLC now owns 2,515 shares of the company’s stock valued at $335,000 after buying an additional 96 shares in the last quarter. Salomon & Ludwin LLC lifted its stake in shares of Dollar Tree by 27.0% during the 1st quarter. Salomon & Ludwin LLC now owns 494 shares of the company’s stock valued at $66,000 after buying an additional 105 shares in the last quarter. Finally, Fiduciary Trust Co lifted its stake in shares of Dollar Tree by 1.0% during the 4th quarter. Fiduciary Trust Co now owns 10,997 shares of the company’s stock valued at $1,562,000 after buying an additional 109 shares in the last quarter. 97.40% of the stock is owned by institutional investors.

Dollar Tree Price Performance

Shares of NASDAQ:DLTR opened at $68.47 on Friday. The company’s fifty day moving average price is $98.65 and its 200-day moving average price is $115.69. The firm has a market capitalization of $14.72 billion, a price-to-earnings ratio of -14.92, a PEG ratio of 0.93 and a beta of 0.87. Dollar Tree, Inc. has a one year low of $60.81 and a one year high of $151.21. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.28 and a quick ratio of 0.23.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Wednesday, September 4th. The company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.37). The company had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.49 billion. Dollar Tree had a positive return on equity of 15.67% and a negative net margin of 3.23%. Dollar Tree’s quarterly revenue was up .7% on a year-over-year basis. During the same period in the previous year, the company earned $0.91 EPS. On average, equities research analysts anticipate that Dollar Tree, Inc. will post 6.46 earnings per share for the current fiscal year.

Insider Transactions at Dollar Tree

In related news, insider Robert Aflatooni sold 827 shares of the stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $105.58, for a total transaction of $87,314.66. Following the transaction, the insider now owns 9,725 shares of the company’s stock, valued at approximately $1,026,765.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 6.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. JPMorgan Chase & Co. cut shares of Dollar Tree from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $111.00 to $70.00 in a research note on Wednesday. Morgan Stanley dropped their price target on shares of Dollar Tree from $130.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Thursday. Telsey Advisory Group dropped their price target on shares of Dollar Tree from $120.00 to $95.00 and set an “outperform” rating on the stock in a research note on Thursday. Evercore ISI dropped their price target on shares of Dollar Tree from $128.00 to $78.00 and set an “in-line” rating on the stock in a research note on Thursday. Finally, Barclays dropped their price target on shares of Dollar Tree from $128.00 to $81.00 and set an “equal weight” rating on the stock in a research note on Thursday. Eleven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $97.63.

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.