Magnus Financial Group LLC purchased a new stake in Dollar Tree, Inc. (NASDAQ:DLTR) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,913 shares of the company’s stock, valued at approximately $201,000.
Other institutional investors have also made changes to their positions in the company. Graves Light Private Wealth Management Inc. acquired a new position in Dollar Tree during the 4th quarter worth about $233,000. Bank of Montreal Can lifted its position in Dollar Tree by 19.3% during the 4th quarter. Bank of Montreal Can now owns 312,809 shares of the company’s stock worth $28,254,000 after buying an additional 50,536 shares in the last quarter. Huntington National Bank lifted its position in Dollar Tree by 38.3% during the 4th quarter. Huntington National Bank now owns 201,431 shares of the company’s stock worth $18,193,000 after buying an additional 55,831 shares in the last quarter. Smithfield Trust Co. lifted its position in Dollar Tree by 19.3% during the 4th quarter. Smithfield Trust Co. now owns 6,529 shares of the company’s stock worth $590,000 after buying an additional 1,058 shares in the last quarter. Finally, GAM Holding AG acquired a new position in Dollar Tree during the 4th quarter worth about $1,196,000. 94.21% of the stock is currently owned by hedge funds and other institutional investors.
Dollar Tree stock opened at $98.42 on Monday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.36 and a current ratio of 2.05. Dollar Tree, Inc. has a 1 year low of $78.78 and a 1 year high of $111.61. The stock has a market cap of $23.48 billion, a price-to-earnings ratio of 18.06, a price-to-earnings-growth ratio of 1.90 and a beta of 0.44.
Several research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Dollar Tree from a “buy” rating to a “hold” rating in a research report on Tuesday, May 14th. BidaskClub downgraded shares of Dollar Tree from a “buy” rating to a “hold” rating in a research report on Tuesday, May 14th. ValuEngine upgraded shares of Dollar Tree from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. Piper Jaffray Companies upped their price target on shares of Dollar Tree from $113.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, April 25th. Finally, Morgan Stanley upped their price target on shares of Dollar Tree from $92.00 to $101.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 24th. Twelve equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Dollar Tree presently has an average rating of “Buy” and a consensus price target of $102.89.
In other news, CEO Gary M. Philbin sold 9,614 shares of the company’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $110.00, for a total value of $1,057,540.00. Following the completion of the sale, the chief executive officer now directly owns 84,665 shares of the company’s stock, valued at approximately $9,313,150. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Robert H. Rudman sold 5,110 shares of the company’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $104.43, for a total value of $533,637.30. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 43,561 shares of company stock worth $4,537,642. Corporate insiders own 1.50% of the company’s stock.
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Dollar Tree Profile
Dollar Tree, Inc operates discount variety retail stores. It operates through two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods that include Valentine's Day, Easter, Halloween, and Christmas merchandise.
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