Wealth Enhancement Advisory Services LLC Has $529,000 Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Wealth Enhancement Advisory Services LLC lessened its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 6.0% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 7,517 shares of the company’s stock after selling 479 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Dollar Tree were worth $529,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of DLTR. Primecap Management Co. CA grew its position in shares of Dollar Tree by 50.0% in the second quarter. Primecap Management Co. CA now owns 2,872,460 shares of the company’s stock valued at $306,693,000 after purchasing an additional 957,275 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in Dollar Tree by 14.0% in the 1st quarter. Canada Pension Plan Investment Board now owns 2,837,433 shares of the company’s stock valued at $377,804,000 after purchasing an additional 348,442 shares during the period. Dimensional Fund Advisors LP grew its holdings in Dollar Tree by 5.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,492,814 shares of the company’s stock valued at $266,124,000 after buying an additional 138,042 shares in the last quarter. American Century Companies Inc. increased its position in Dollar Tree by 6.6% during the 2nd quarter. American Century Companies Inc. now owns 2,003,910 shares of the company’s stock worth $213,958,000 after buying an additional 124,021 shares during the period. Finally, Burgundy Asset Management Ltd. lifted its holdings in shares of Dollar Tree by 0.7% during the first quarter. Burgundy Asset Management Ltd. now owns 1,851,494 shares of the company’s stock worth $246,526,000 after buying an additional 12,845 shares in the last quarter. Institutional investors own 97.40% of the company’s stock.

Insiders Place Their Bets

In other news, Director Daniel J. Heinrich bought 2,200 shares of the stock in a transaction dated Friday, September 6th. The stock was bought at an average price of $68.27 per share, for a total transaction of $150,194.00. Following the completion of the acquisition, the director now directly owns 9,823 shares in the company, valued at approximately $670,616.21. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 6.80% of the company’s stock.

Dollar Tree Price Performance

Shares of NASDAQ DLTR opened at $61.41 on Friday. The firm has a market capitalization of $13.20 billion, a P/E ratio of -12.58, a P/E/G ratio of 2.83 and a beta of 0.87. The firm’s 50-day moving average price is $68.87 and its 200-day moving average price is $94.36. The company has a current ratio of 1.02, a quick ratio of 0.17 and a debt-to-equity ratio of 0.33. Dollar Tree, Inc. has a 1-year low of $60.52 and a 1-year high of $151.21.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Wednesday, September 4th. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.37). The business had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.49 billion. Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. The business’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.91 EPS. Equities research analysts anticipate that Dollar Tree, Inc. will post 5.33 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DLTR has been the subject of a number of analyst reports. The Goldman Sachs Group dropped their price target on shares of Dollar Tree from $145.00 to $90.00 and set a “buy” rating for the company in a research report on Tuesday, September 10th. BMO Capital Markets cut Dollar Tree from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $130.00 to $68.00 in a report on Thursday, September 5th. StockNews.com lowered Dollar Tree from a “hold” rating to a “sell” rating in a report on Friday, September 6th. Wells Fargo & Company dropped their price target on Dollar Tree from $130.00 to $100.00 and set an “overweight” rating for the company in a research note on Thursday, September 5th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Dollar Tree from $70.00 to $82.00 and gave the stock a “neutral” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $88.11.

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.