Creative Planning Boosts Stake in Dollar Tree, Inc. (DLTR)

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Creative Planning raised its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 4.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 7,845 shares of the company’s stock after acquiring an additional 307 shares during the quarter. Creative Planning’s holdings in Dollar Tree were worth $709,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of DLTR. Fiduciary Management Inc. WI bought a new position in shares of Dollar Tree during the 3rd quarter worth about $266,051,000. FMR LLC increased its holdings in shares of Dollar Tree by 15.1% during the 3rd quarter. FMR LLC now owns 22,046,619 shares of the company’s stock worth $1,797,902,000 after purchasing an additional 2,890,549 shares during the period. Macquarie Group Ltd. increased its holdings in shares of Dollar Tree by 9.6% during the 3rd quarter. Macquarie Group Ltd. now owns 8,455,473 shares of the company’s stock worth $689,544,000 after purchasing an additional 737,501 shares during the period. Marshall Wace LLP increased its holdings in shares of Dollar Tree by 2,473.9% during the 3rd quarter. Marshall Wace LLP now owns 587,834 shares of the company’s stock worth $47,938,000 after purchasing an additional 564,996 shares during the period. Finally, Morgan Stanley increased its holdings in shares of Dollar Tree by 157.4% during the 3rd quarter. Morgan Stanley now owns 810,992 shares of the company’s stock worth $66,136,000 after purchasing an additional 495,928 shares during the period. Institutional investors own 92.24% of the company’s stock.

DLTR has been the topic of several recent research reports. ValuEngine lowered shares of Dollar Tree from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. Credit Suisse Group set a $96.00 target price on shares of Dollar Tree and gave the company a “buy” rating in a research report on Monday, November 26th. Zacks Investment Research upgraded shares of Dollar Tree from a “sell” rating to a “hold” rating in a research report on Wednesday, December 5th. BidaskClub upgraded shares of Dollar Tree from a “hold” rating to a “buy” rating in a research report on Thursday, December 20th. Finally, Morgan Stanley decreased their target price on shares of Dollar Tree from $95.00 to $90.00 in a research report on Sunday, December 9th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and thirteen have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $99.82.

NASDAQ:DLTR opened at $98.56 on Thursday. The stock has a market capitalization of $23.33 billion, a price-to-earnings ratio of 20.28, a PEG ratio of 1.23 and a beta of 0.46. Dollar Tree, Inc. has a 12 month low of $78.78 and a 12 month high of $109.57. The company has a current ratio of 2.22, a quick ratio of 0.48 and a debt-to-equity ratio of 0.63.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results on Thursday, November 29th. The company reported $1.18 EPS for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.03. The firm had revenue of $5.54 billion for the quarter, compared to analyst estimates of $5.55 billion. Dollar Tree had a net margin of 7.64% and a return on equity of 17.11%. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.01 earnings per share. Research analysts predict that Dollar Tree, Inc. will post 5.45 earnings per share for the current fiscal year.

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About Dollar Tree

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.

See Also: Liquidity

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

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