Buckhead Capital Management LLC Has $335,000 Position in Dollar Tree, Inc. (NASDAQ:DLTR)


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Buckhead Capital Management LLC boosted its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 29.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,100 shares of the company’s stock after buying an additional 700 shares during the period. Buckhead Capital Management LLC’s holdings in Dollar Tree were worth $335,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. BlackRock Inc. lifted its holdings in Dollar Tree by 2.0% in the third quarter. BlackRock Inc. now owns 20,336,973 shares of the company’s stock valued at $1,857,578,000 after buying an additional 390,504 shares during the period. State Street Corp increased its stake in Dollar Tree by 0.3% in the third quarter. State Street Corp now owns 10,360,895 shares of the company’s stock valued at $946,364,000 after purchasing an additional 26,952 shares in the last quarter. Rivulet Capital LLC increased its stake in Dollar Tree by 3.5% in the third quarter. Rivulet Capital LLC now owns 3,041,250 shares of the company’s stock valued at $277,788,000 after purchasing an additional 102,600 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Dollar Tree by 14.3% in the third quarter. JPMorgan Chase & Co. now owns 1,486,733 shares of the company’s stock valued at $133,615,000 after purchasing an additional 186,113 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Dollar Tree by 6.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,203,894 shares of the company’s stock valued at $109,964,000 after purchasing an additional 74,628 shares in the last quarter. Institutional investors and hedge funds own 88.60% of the company’s stock.

Several equities research analysts have commented on DLTR shares. Loop Capital upped their target price on shares of Dollar Tree from $90.00 to $110.00 and gave the company a “hold” rating in a research note on Wednesday, November 25th. UBS Group upped their target price on shares of Dollar Tree from $115.00 to $126.00 and gave the company a “buy” rating in a research note on Wednesday, November 25th. Morgan Stanley upped their target price on shares of Dollar Tree from $105.00 to $115.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 25th. Gordon Haskett raised shares of Dollar Tree from a “hold” rating to a “buy” rating in a research note on Tuesday, November 24th. Finally, Zacks Investment Research raised shares of Dollar Tree from a “hold” rating to a “strong-buy” rating and set a $129.00 target price for the company in a research note on Tuesday, January 12th. Six equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $115.68.

Dollar Tree stock opened at $104.88 on Tuesday. The company has a market cap of $24.67 billion, a P/E ratio of 25.90, a price-to-earnings-growth ratio of 1.84 and a beta of 0.77. Dollar Tree, Inc. has a 1-year low of $60.20 and a 1-year high of $115.45. The company has a fifty day simple moving average of $107.88 and a 200 day simple moving average of $100.54. The company has a current ratio of 1.28, a quick ratio of 0.34 and a debt-to-equity ratio of 0.46.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Monday, November 23rd. The company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.24. The business had revenue of $6.18 billion during the quarter, compared to the consensus estimate of $6.11 billion. Dollar Tree had a net margin of 3.84% and a return on equity of 19.05%. During the same quarter last year, the firm earned $1.08 earnings per share. On average, equities research analysts forecast that Dollar Tree, Inc. will post 5.64 EPS for the current year.

In other Dollar Tree news, CEO Michael A. Witynski sold 12,381 shares of the stock in a transaction on Friday, December 4th. The shares were sold at an average price of $112.62, for a total value of $1,394,348.22. Following the completion of the sale, the chief executive officer now owns 9,479 shares in the company, valued at $1,067,524.98. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Lemuel E. Lewis purchased 1,000 shares of the business’s stock in a transaction on Monday, December 7th. The stock was purchased at an average price of $112.00 per share, with a total value of $112,000.00. Following the purchase, the director now owns 24,614 shares of the company’s stock, valued at $2,756,768. The disclosure for this purchase can be found here. 1.40% of the stock is currently owned by company insiders.

About Dollar Tree

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

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