Dollar Tree, Inc. (NASDAQ:DLTR) Stock Position Cut by Alan B Lancz & Associates Inc.

Alan B Lancz & Associates Inc. trimmed its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 8.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,400 shares of the company’s stock after selling 300 shares during the quarter. Alan B Lancz & Associates Inc.’s holdings in Dollar Tree were worth $483,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Horrell Capital Management Inc. lifted its holdings in shares of Dollar Tree by 0.3% in the fourth quarter. Horrell Capital Management Inc. now owns 29,224 shares of the company’s stock valued at $4,151,000 after buying an additional 94 shares during the period. Independence Bank of Kentucky lifted its holdings in Dollar Tree by 15.0% in the 4th quarter. Independence Bank of Kentucky now owns 759 shares of the company’s stock valued at $108,000 after acquiring an additional 99 shares during the last quarter. 1ST Source Bank boosted its position in shares of Dollar Tree by 4.6% during the 3rd quarter. 1ST Source Bank now owns 2,396 shares of the company’s stock valued at $255,000 after purchasing an additional 106 shares in the last quarter. Desjardins Global Asset Management Inc. boosted its position in shares of Dollar Tree by 9.3% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 1,355 shares of the company’s stock valued at $192,000 after purchasing an additional 115 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its stake in shares of Dollar Tree by 6.6% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,987 shares of the company’s stock worth $282,000 after purchasing an additional 123 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors.

Dollar Tree Stock Up 0.8 %

Shares of DLTR traded up $0.95 during mid-day trading on Friday, hitting $120.73. 1,471,110 shares of the company’s stock were exchanged, compared to its average volume of 2,381,356. The company has a quick ratio of 0.22, a current ratio of 1.31 and a debt-to-equity ratio of 0.47. Dollar Tree, Inc. has a twelve month low of $102.77 and a twelve month high of $161.10. The firm has a fifty day moving average of $132.02 and a two-hundred day moving average of $129.24. The stock has a market cap of $26.32 billion, a price-to-earnings ratio of -26.13, a P/E/G ratio of 1.13 and a beta of 0.92.

Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Wednesday, March 13th. The company reported $2.55 EPS for the quarter, missing the consensus estimate of $2.67 by ($0.12). The business had revenue of $8.63 billion for the quarter, compared to analyst estimates of $8.66 billion. Dollar Tree had a positive return on equity of 15.11% and a negative net margin of 3.26%. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the company earned $2.04 earnings per share. On average, sell-side analysts forecast that Dollar Tree, Inc. will post 6.92 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Daniel J. Heinrich purchased 1,000 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were bought at an average price of $127.85 per share, with a total value of $127,850.00. Following the completion of the transaction, the director now directly owns 6,225 shares in the company, valued at approximately $795,866.25. The purchase was disclosed in a filing with the SEC, which is available through this link. In other Dollar Tree news, Director Daniel J. Heinrich purchased 1,000 shares of the business’s stock in a transaction dated Monday, March 18th. The stock was bought at an average cost of $127.85 per share, for a total transaction of $127,850.00. Following the completion of the acquisition, the director now directly owns 6,225 shares in the company, valued at $795,866.25. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Jeffrey A. Davis purchased 1,800 shares of Dollar Tree stock in a transaction on Monday, April 1st. The stock was bought at an average cost of $136.00 per share, with a total value of $244,800.00. Following the completion of the acquisition, the chief financial officer now owns 19,047 shares in the company, valued at $2,590,392. The disclosure for this purchase can be found here. Company insiders own 6.00% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. KeyCorp raised Dollar Tree from a “sector weight” rating to an “overweight” rating and set a $150.00 target price for the company in a report on Wednesday. JPMorgan Chase & Co. lifted their target price on shares of Dollar Tree from $144.00 to $152.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. BMO Capital Markets reduced their price target on shares of Dollar Tree from $170.00 to $160.00 and set an “outperform” rating for the company in a research report on Thursday, March 14th. Guggenheim raised their price objective on shares of Dollar Tree from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, March 5th. Finally, Gordon Haskett downgraded shares of Dollar Tree from a “buy” rating to a “hold” rating and cut their target price for the company from $150.00 to $140.00 in a research note on Wednesday, April 3rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $150.05.

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.