Vanguard Personalized Indexing Management LLC Boosts Stock Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Vanguard Personalized Indexing Management LLC grew its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 4.9% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 17,255 shares of the company’s stock after buying an additional 808 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Dollar Tree were worth $1,824,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in DLTR. ICA Group Wealth Management LLC purchased a new stake in Dollar Tree during the fourth quarter valued at about $26,000. United Community Bank acquired a new position in shares of Dollar Tree in the 4th quarter valued at about $27,000. Register Financial Advisors LLC purchased a new stake in shares of Dollar Tree during the 1st quarter worth about $28,000. Mather Group LLC. increased its position in Dollar Tree by 198.9% during the 2nd quarter. Mather Group LLC. now owns 281 shares of the company’s stock worth $30,000 after purchasing an additional 187 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in Dollar Tree in the second quarter valued at approximately $37,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Dollar Tree Trading Down 2.9 %

DLTR opened at $71.73 on Friday. Dollar Tree, Inc. has a 12-month low of $60.81 and a 12-month high of $151.21. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.02 and a quick ratio of 0.17. The stock has a market capitalization of $15.42 billion, a PE ratio of -15.63, a P/E/G ratio of 2.82 and a beta of 0.87. The firm’s fifty day moving average price is $90.72 and its 200 day moving average price is $109.60.

Dollar Tree (NASDAQ:DLTR) last issued its 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). The company had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.49 billion. Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. The business’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter last year, the company posted $0.91 EPS. As a group, research analysts expect that Dollar Tree, Inc. will post 5.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Evercore ISI decreased their price objective on shares of Dollar Tree from $128.00 to $78.00 and set an “in-line” rating for the company in a research note on Thursday, September 5th. UBS Group decreased their price target on shares of Dollar Tree from $155.00 to $105.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Morgan Stanley lowered their price target on Dollar Tree from $130.00 to $80.00 and set an “equal weight” rating for the company in a report on Thursday, September 5th. Telsey Advisory Group reduced their price objective on Dollar Tree from $120.00 to $95.00 and set an “outperform” rating on the stock in a research note on Thursday, September 5th. Finally, BMO Capital Markets lowered Dollar Tree from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $130.00 to $68.00 in a research note on Thursday, September 5th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $92.53.

Insider Buying and Selling

In related news, Director Daniel J. Heinrich bought 2,200 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was bought at an average cost of $68.27 per share, for a total transaction of $150,194.00. Following the completion of the purchase, the director now directly owns 9,823 shares in the company, valued at approximately $670,616.21. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Robert Aflatooni sold 827 shares of Dollar Tree stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $105.58, for a total transaction of $87,314.66. Following the sale, the insider now owns 9,725 shares of the company’s stock, valued at $1,026,765.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Daniel J. Heinrich acquired 2,200 shares of Dollar Tree stock in a transaction dated Friday, September 6th. The shares were acquired at an average price of $68.27 per share, with a total value of $150,194.00. Following the completion of the transaction, the director now owns 9,823 shares of the company’s stock, valued at approximately $670,616.21. The disclosure for this purchase can be found here. 6.80% of the stock is currently owned by company insiders.

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.