Custom Index Systems LLC Invests $295,000 in Dollar Tree, Inc. (NASDAQ:DLTR)

Custom Index Systems LLC bought a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTRFree Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 2,080 shares of the company’s stock, valued at approximately $295,000.

Other large investors have also made changes to their positions in the company. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Dollar Tree in the 3rd quarter valued at $26,000. ICA Group Wealth Management LLC acquired a new position in Dollar Tree in the 4th quarter valued at $27,000. Farther Finance Advisors LLC raised its stake in Dollar Tree by 111.1% in the 2nd quarter. Farther Finance Advisors LLC now owns 228 shares of the company’s stock valued at $33,000 after purchasing an additional 120 shares during the last quarter. Operose Advisors LLC acquired a new position in Dollar Tree in the 3rd quarter valued at $34,000. Finally, VitalStone Financial LLC purchased a new stake in Dollar Tree in the 1st quarter valued at $34,000. 97.40% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DLTR. Jefferies Financial Group decreased their price target on Dollar Tree from $130.00 to $128.00 in a research note on Thursday, March 14th. Wells Fargo & Company lifted their price objective on Dollar Tree from $160.00 to $180.00 and gave the stock an “overweight” rating in a report on Monday, March 4th. TheStreet cut Dollar Tree from a “b-” rating to a “c” rating in a report on Wednesday, March 13th. StockNews.com raised Dollar Tree from a “sell” rating to a “hold” rating in a research report on Wednesday, March 27th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Dollar Tree in a research report on Monday, March 4th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $149.80.

View Our Latest Report on DLTR

Dollar Tree Trading Up 1.2 %

Shares of NASDAQ DLTR opened at $130.25 on Friday. Dollar Tree, Inc. has a 1-year low of $102.77 and a 1-year high of $161.10. The business has a 50-day moving average of $137.89 and a 200-day moving average of $127.59. 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 (NASDAQ:DLTRGet Free Report) last released its quarterly 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). Dollar Tree had a positive return on equity of 15.11% and a negative net margin of 3.26%. The business had revenue of $8.63 billion during the quarter, compared to analyst estimates of $8.66 billion. During the same quarter last year, the firm posted $2.04 EPS. The company’s revenue was up 11.9% compared to the same quarter last year. As a group, equities analysts anticipate that Dollar Tree, Inc. will post 6.91 EPS for the current year.

About Dollar Tree

(Free Report)

Dollar Tree, Inc operates discount variety retail 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.

Featured Articles

Want to see what other hedge funds are holding DLTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dollar Tree, Inc. (NASDAQ:DLTRFree Report).

Institutional Ownership by Quarter for Dollar Tree (NASDAQ:DLTR)

Receive News & Ratings for Dollar Tree Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar Tree and related companies with MarketBeat.com's FREE daily email newsletter.