Allegheny Financial Group LTD Makes New Investment in Dollar Tree, Inc. (NASDAQ:DLTR)

Allegheny Financial Group LTD purchased a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTRGet Rating) in the fourth quarter, Holdings Channel reports. The fund purchased 325 shares of the company’s stock, valued at approximately $46,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. NorthCrest Asset Manangement LLC acquired a new stake in shares of Dollar Tree during the 4th quarter worth approximately $759,000. Fox Run Management L.L.C. acquired a new stake in shares of Dollar Tree during the 4th quarter worth approximately $786,000. Connectus Wealth LLC acquired a new stake in shares of Dollar Tree during the 4th quarter worth approximately $862,000. Alan B. Lancz & Associates Inc. acquired a new stake in Dollar Tree in the 4th quarter valued at $4,426,000. Finally, Morris Capital Advisors LLC grew its stake in Dollar Tree by 0.4% in the 4th quarter. Morris Capital Advisors LLC now owns 19,179 shares of the company’s stock valued at $2,695,000 after acquiring an additional 73 shares during the period. 98.54% of the stock is owned by institutional investors.

NASDAQ DLTR opened at $165.81 on Thursday. The company has a market cap of $37.33 billion, a P/E ratio of 28.59, a P/E/G ratio of 1.33 and a beta of 0.70. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.34 and a quick ratio of 0.30. The stock has a 50-day moving average of $158.22 and a two-hundred day moving average of $140.02. Dollar Tree, Inc. has a 1-year low of $84.26 and a 1-year high of $177.19.

Dollar Tree (NASDAQ:DLTRGet Rating) last announced its quarterly earnings data on Wednesday, March 2nd. The company reported $2.01 EPS for the quarter, topping the Zacks’ consensus estimate of $1.79 by $0.22. Dollar Tree had a return on equity of 18.07% and a net margin of 5.05%. The business had revenue of $7.08 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same period in the previous year, the company posted $2.13 earnings per share. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. On average, analysts anticipate that Dollar Tree, Inc. will post 7.91 EPS for the current fiscal year.

DLTR has been the topic of a number of research analyst reports. Loop Capital raised shares of Dollar Tree from a “hold” rating to a “buy” rating and lifted their price target for the company from $140.00 to $200.00 in a research note on Wednesday, March 9th. Guggenheim lifted their price target on shares of Dollar Tree from $165.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, March 3rd. JPMorgan Chase & Co. lifted their price target on shares of Dollar Tree from $169.00 to $181.00 and gave the company an “overweight” rating in a research note on Tuesday, February 22nd. BMO Capital Markets raised shares of Dollar Tree from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $155.00 to $170.00 in a research note on Monday, February 28th. Finally, StockNews.com cut shares of Dollar Tree from a “buy” rating to a “hold” rating in a research note on Friday, April 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, Dollar Tree has a consensus rating of “Buy” and a consensus target price of $154.70.

In related news, insider David A. Jacobs sold 542 shares of the company’s stock in a transaction that occurred on Thursday, April 7th. The stock was sold at an average price of $157.94, for a total value of $85,603.48. Following the completion of the transaction, the insider now directly owns 17,085 shares of the company’s stock, valued at $2,698,404.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel J. Heinrich purchased 425 shares of the stock in a transaction that occurred on Monday, March 28th. The stock was acquired at an average cost of $156.09 per share, with a total value of $66,338.25. The disclosure for this purchase can be found here. Insiders own 1.40% of the company’s stock.

Dollar Tree Profile (Get Rating)

Dollar Tree, Inc operates discount variety retail stores. It 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, including candy and food, and health and personal 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, arts and crafts supplies, and other items; and seasonal goods that include Christmas, Easter, Halloween, and Valentine's Day merchandise.

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

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