Versant Capital Management Inc Makes New $30,000 Investment in Dollar Tree, Inc. (NASDAQ:DLTR)

Versant Capital Management Inc bought a new stake in Dollar Tree, Inc. (NASDAQ:DLTR) during the fourth quarter, Holdings Channel.com reports. The firm bought 404 shares of the company’s stock, valued at approximately $30,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Victory Capital Management Inc. lifted its position in Dollar Tree by 0.7% in the 2nd quarter. Victory Capital Management Inc. now owns 213,087 shares of the company’s stock valued at $22,751,000 after purchasing an additional 1,405 shares during the last quarter. Strategic Financial Concepts LLC bought a new stake in shares of Dollar Tree during the second quarter valued at approximately $26,000. Acadian Asset Management LLC boosted its position in shares of Dollar Tree by 756.4% during the second quarter. Acadian Asset Management LLC now owns 6,740 shares of the company’s stock worth $718,000 after buying an additional 5,953 shares during the period. Quest Partners LLC boosted its position in shares of Dollar Tree by 17,277.8% during the second quarter. Quest Partners LLC now owns 1,564 shares of the company’s stock worth $167,000 after buying an additional 1,555 shares during the period. Finally, Prudential PLC grew its holdings in Dollar Tree by 45.6% in the 2nd quarter. Prudential PLC now owns 31,498 shares of the company’s stock worth $3,363,000 after buying an additional 9,867 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on DLTR shares. Telsey Advisory Group reiterated a “market perform” rating and set a $75.00 price target on shares of Dollar Tree in a research report on Friday, December 20th. Jefferies Financial Group increased their target price on shares of Dollar Tree from $70.00 to $75.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th. Citigroup boosted their price target on shares of Dollar Tree from $64.00 to $76.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. BMO Capital Markets increased their price objective on shares of Dollar Tree from $65.00 to $70.00 and gave the company a “market perform” rating in a report on Thursday, December 5th. Finally, Evercore ISI dropped their target price on Dollar Tree from $94.00 to $92.00 and set an “in-line” rating on the stock in a report on Tuesday, December 3rd. Seventeen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $85.58.

Dollar Tree Stock Performance

Dollar Tree stock opened at $75.01 on Wednesday. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week high of $151.21. The firm’s 50 day simple moving average is $69.69 and its 200-day simple moving average is $80.77. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. The company has a market cap of $16.13 billion, a P/E ratio of -15.73, a price-to-earnings-growth ratio of 2.28 and a beta of 0.90.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Wednesday, December 4th. The company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.05. The firm had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $7.45 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.97 EPS. As a group, equities research analysts predict that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Dollar Tree 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.