Dollar Tree, Inc. (DLTR) Stake Lifted by Maple Capital Management Inc.
Maple Capital Management Inc. lifted its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 1.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 101,280 shares of the company’s stock after purchasing an additional 1,755 shares during the quarter. Dollar Tree accounts for approximately 2.4% of Maple Capital Management Inc.’s holdings, making the stock its 17th largest position. Maple Capital Management Inc.’s holdings in Dollar Tree were worth $9,148,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund grew its stake in shares of Dollar Tree by 8,821.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,327,908 shares of the company’s stock worth $26,000 after purchasing an additional 2,301,814 shares in the last quarter. Capital Investment Advisory Services LLC bought a new position in shares of Dollar Tree in the fourth quarter worth $31,000. Riverview Trust Co bought a new position in shares of Dollar Tree in the fourth quarter worth $32,000. Rehmann Capital Advisory Group grew its stake in shares of Dollar Tree by 131.5% in the fourth quarter. Rehmann Capital Advisory Group now owns 382 shares of the company’s stock worth $35,000 after purchasing an additional 217 shares in the last quarter. Finally, Resources Investment Advisors Inc. lifted its holdings in shares of Dollar Tree by 92.5% in the fourth quarter. Resources Investment Advisors Inc. now owns 385 shares of the company’s stock valued at $35,000 after buying an additional 185 shares during the period. 94.37% of the stock is owned by institutional investors.
Several brokerages have recently weighed in on DLTR. TheStreet lowered Dollar Tree from a “b” rating to a “c” rating in a report on Wednesday, March 6th. Bank of America set a $115.00 price objective on Dollar Tree and gave the company a “buy” rating in a report on Thursday, March 7th. BMO Capital Markets set a $105.00 price objective on Dollar Tree and gave the company a “buy” rating in a report on Thursday, March 7th. ValuEngine upgraded Dollar Tree from a “hold” rating to a “buy” rating in a report on Thursday, March 7th. Finally, Morgan Stanley upped their price objective on Dollar Tree from $90.00 to $92.00 and gave the company an “equal weight” rating in a report on Thursday, March 7th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and fifteen have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $101.74.
Shares of NASDAQ DLTR opened at $99.86 on Friday. Dollar Tree, Inc. has a 12 month low of $78.78 and a 12 month high of $104.49. The firm has a market cap of $23.76 billion, a PE ratio of 18.32, a P/E/G ratio of 2.01 and a beta of 0.42. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.05 and a quick ratio of 0.36.
Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Wednesday, March 6th. The company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.92 by $0.01. Dollar Tree had a positive return on equity of 18.21% and a negative net margin of 6.97%. The business had revenue of $6.21 billion during the quarter, compared to the consensus estimate of $6.19 billion. During the same period in the prior year, the business posted $1.89 earnings per share. Dollar Tree’s revenue was down 2.4% compared to the same quarter last year. On average, research analysts anticipate that Dollar Tree, Inc. will post 5.19 earnings per share for the current fiscal year.
Dollar Tree Profile
Dollar Tree, Inc operates discount variety retail stores in the United States and Canada. 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 products, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; various merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods, which include Valentine's Day, Easter, Halloween, and Christmas merchandise.
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