Heritage Oak Wealth Advisors LLC Invests $302,000 in Dollar Tree, Inc. (NASDAQ:DLTR)

Heritage Oak Wealth Advisors LLC acquired a new stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 4,298 shares of the company’s stock, valued at approximately $302,000.

Several other hedge funds have also made changes to their positions in DLTR. Primecap Management Co. CA raised its holdings in Dollar Tree by 50.0% during the second quarter. Primecap Management Co. CA now owns 2,872,460 shares of the company’s stock valued at $306,693,000 after buying an additional 957,275 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of Dollar Tree by 14.0% in the 1st quarter. Canada Pension Plan Investment Board now owns 2,837,433 shares of the company’s stock worth $377,804,000 after buying an additional 348,442 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Dollar Tree by 5.9% during the second quarter. Dimensional Fund Advisors LP now owns 2,492,814 shares of the company’s stock valued at $266,124,000 after acquiring an additional 138,042 shares during the period. American Century Companies Inc. lifted its holdings in Dollar Tree by 6.6% during the 2nd quarter. American Century Companies Inc. now owns 2,003,910 shares of the company’s stock valued at $213,958,000 after purchasing an additional 124,021 shares during the last quarter. Finally, Burgundy Asset Management Ltd. boosted its holdings in shares of Dollar Tree by 0.7% in the 1st quarter. Burgundy Asset Management Ltd. now owns 1,851,494 shares of the company’s stock worth $246,526,000 after acquiring an additional 12,845 shares in the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Insider Buying and Selling

In other Dollar Tree news, Director Daniel J. Heinrich bought 2,200 shares of the company’s stock in a transaction on Friday, September 6th. The stock was acquired at an average price of $68.27 per share, for a total transaction of $150,194.00. Following the completion of the transaction, the director now directly owns 9,823 shares of the company’s stock, valued at approximately $670,616.21. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 6.80% of the stock is currently owned by company insiders.

Dollar Tree Stock Performance

NASDAQ DLTR opened at $66.95 on Friday. Dollar Tree, Inc. has a 52-week low of $60.81 and a 52-week high of $151.21. The company has a market capitalization of $14.39 billion, a P/E ratio of -14.59, a P/E/G ratio of 2.95 and a beta of 0.86. The company has a fifty day moving average of $76.21 and a 200-day moving average of $99.21. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.17 and a current ratio of 1.02.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Wednesday, September 4th. The company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.37). Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. The company had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.49 billion. During the same period in the prior year, the firm earned $0.91 earnings per share. The business’s revenue for the quarter was up .7% compared to the same quarter last year. As a group, equities research analysts predict that Dollar Tree, Inc. will post 5.33 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. KeyCorp lowered their price target on shares of Dollar Tree from $145.00 to $84.00 and set an “overweight” rating for the company in a report on Thursday, September 5th. Barclays lowered their price objective on shares of Dollar Tree from $128.00 to $81.00 and set an “equal weight” rating for the company in a research report on Thursday, September 5th. Citigroup dropped their target price on shares of Dollar Tree from $120.00 to $64.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. JPMorgan Chase & Co. downgraded Dollar Tree from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $111.00 to $70.00 in a research note on Wednesday, September 4th. Finally, Guggenheim cut their price target on shares of Dollar Tree from $150.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, September 6th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Dollar Tree currently has a consensus rating of “Hold” and a consensus target price of $88.53.

Dollar Tree Company 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.