Blueshift Asset Management LLC Purchases 1,139 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Blueshift Asset Management LLC increased its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 9.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,879 shares of the company’s stock after acquiring an additional 1,139 shares during the period. Blueshift Asset Management LLC’s holdings in Dollar Tree were worth $906,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Advisors Asset Management Inc. raised its position in Dollar Tree by 43.4% during the first quarter. Advisors Asset Management Inc. now owns 2,712 shares of the company’s stock valued at $361,000 after purchasing an additional 821 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Dollar Tree by 51.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 633,223 shares of the company’s stock worth $84,314,000 after buying an additional 214,912 shares during the last quarter. Mount Yale Investment Advisors LLC lifted its position in Dollar Tree by 4.9% in the 1st quarter. Mount Yale Investment Advisors LLC now owns 1,985 shares of the company’s stock worth $264,000 after buying an additional 93 shares during the last quarter. Comerica Bank grew its position in Dollar Tree by 1.3% during the first quarter. Comerica Bank now owns 63,323 shares of the company’s stock valued at $8,432,000 after acquiring an additional 802 shares during the last quarter. Finally, Plato Investment Management Ltd grew its position in Dollar Tree by 39,550.0% during the first quarter. Plato Investment Management Ltd now owns 1,586 shares of the company’s stock valued at $211,000 after acquiring an additional 1,582 shares during the last quarter. Institutional investors own 97.40% of the company’s stock.

Insider Buying and Selling

In other Dollar Tree news, Director Daniel J. Heinrich acquired 2,200 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were bought at an average cost of $68.27 per share, with a total value 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 28.86 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

DLTR has been the subject of a number of research reports. Barclays cut 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 note on Thursday, September 5th. Sanford C. Bernstein began coverage on Dollar Tree in a research note on Tuesday, October 22nd. They set a “market perform” rating and a $76.00 price objective on the stock. Wells Fargo & Company lowered their target price on Dollar Tree from $130.00 to $100.00 and set an “overweight” rating for the company in a research note on Thursday, September 5th. The Goldman Sachs Group decreased their price target on Dollar Tree from $145.00 to $90.00 and set a “buy” rating on the stock in a research note on Tuesday, September 10th. Finally, Evercore ISI dropped their price objective on Dollar Tree from $105.00 to $100.00 and set an “in-line” rating for the company in a research note on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Dollar Tree currently has an average rating of “Hold” and an average target price of $87.95.

Dollar Tree Stock Performance

Shares of NASDAQ:DLTR opened at $69.12 on Wednesday. The company has a current ratio of 1.02, a quick ratio of 0.17 and a debt-to-equity ratio of 0.33. The stock has a fifty day simple moving average of $67.62 and a two-hundred day simple moving average of $89.33. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $151.21.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts’ expectations of $7.49 billion. During the same period in the prior year, the firm earned $0.91 EPS. Dollar Tree’s revenue for the quarter was up .7% compared to the same quarter last year. As a group, equities research analysts expect that Dollar Tree, Inc. will post 5.35 EPS for the current fiscal year.

Dollar Tree 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.