Sigma Planning Corp Makes New Investment in Dollar Tree, Inc. $DLTR

Sigma Planning Corp purchased a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) in the fourth quarter, Holdings Channel reports. The fund purchased 8,293 shares of the company’s stock, valued at approximately $1,020,000.

A number of other institutional investors also recently bought and sold shares of DLTR. NewEdge Advisors LLC raised its position in Dollar Tree by 3,237.4% during the 1st quarter. NewEdge Advisors LLC now owns 13,750 shares of the company’s stock worth $1,032,000 after buying an additional 13,338 shares during the last quarter. Woodline Partners LP raised its position in Dollar Tree by 40.7% during the 1st quarter. Woodline Partners LP now owns 17,078 shares of the company’s stock worth $1,282,000 after buying an additional 4,941 shares during the last quarter. Focus Partners Wealth raised its position in Dollar Tree by 2.0% during the 1st quarter. Focus Partners Wealth now owns 10,646 shares of the company’s stock worth $799,000 after buying an additional 213 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in Dollar Tree during the 2nd quarter worth approximately $257,000. Finally, CW Advisors LLC purchased a new position in Dollar Tree during the 2nd quarter worth approximately $264,000. 97.40% of the stock is owned by hedge funds and other institutional investors.

Dollar Tree Trading Down 0.7%

Dollar Tree stock opened at $94.05 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 0.29 and a debt-to-equity ratio of 0.65. Dollar Tree, Inc. has a 12 month low of $83.11 and a 12 month high of $142.40. The stock’s 50 day simple moving average is $109.89 and its two-hundred day simple moving average is $114.81. The firm has a market cap of $18.56 billion, a PE ratio of 15.05, a P/E/G ratio of 1.18 and a beta of 0.61.

Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Monday, March 16th. The company reported $2.56 earnings per share for the quarter, topping the consensus estimate of $2.53 by $0.03. The business had revenue of $5.45 billion during the quarter, compared to the consensus estimate of $5.46 billion. Dollar Tree had a return on equity of 32.24% and a net margin of 6.61%.The business’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.11 EPS. Analysts anticipate that Dollar Tree, Inc. will post 6.75 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Morgan Stanley reduced their price target on shares of Dollar Tree from $146.00 to $126.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 17th. Jefferies Financial Group upped their price objective on Dollar Tree from $75.00 to $80.00 and gave the stock an “underperform” rating in a research report on Tuesday, March 17th. Guggenheim restated a “buy” rating and issued a $130.00 price objective on shares of Dollar Tree in a research report on Tuesday, March 17th. Sanford C. Bernstein upped their price objective on Dollar Tree from $123.00 to $124.00 and gave the stock a “market perform” rating in a research report on Tuesday, March 17th. Finally, Citigroup lowered their price objective on Dollar Tree from $132.00 to $125.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 17th. Eight equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $122.76.

Dollar Tree Company Profile

Dollar Tree, Inc is a North American discount retailer that operates a portfolio of value-oriented store banners, primarily Dollar Tree and Family Dollar. The company’s stores offer a broad assortment of everyday items at low price points, including household essentials, food and snacks, health and beauty products, cleaning supplies, seasonal and party goods, home décor, and basic apparel. Dollar Tree’s merchandising strategy emphasizes high-turnover branded and private-label merchandise tailored to budget-conscious consumers, with Family Dollar complementing the chain by offering a wider range of price points and assortment depth in smaller-format neighborhood locations.

Founded in 1986 and headquartered in Chesapeake, Virginia, Dollar Tree has grown through both organic store openings and acquisitions.