Dollar Tree, Inc. (NASDAQ:DLTR) Shares Purchased by APG Asset Management N.V.

APG Asset Management N.V. grew its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 758.6% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 72,481 shares of the company’s stock after acquiring an additional 64,039 shares during the quarter. APG Asset Management N.V.’s holdings in Dollar Tree were worth $7,221,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DLTR. ICA Group Wealth Management LLC purchased a new position in shares of Dollar Tree during the fourth quarter worth approximately $26,000. Strategic Financial Concepts LLC purchased a new stake in Dollar Tree during the 2nd quarter worth about $26,000. Register Financial Advisors LLC acquired a new position in Dollar Tree in the 1st quarter valued at $28,000. Mather Group LLC. lifted its holdings in shares of Dollar Tree by 198.9% during the 2nd quarter. Mather Group LLC. now owns 281 shares of the company’s stock worth $30,000 after acquiring an additional 187 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in Dollar Tree in the second quarter valued at $37,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

Dollar Tree Trading Up 0.3 %

DLTR opened at $73.12 on Monday. 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 market capitalization of $15.72 billion, a PE ratio of -15.93, a PEG ratio of 3.04 and a beta of 0.87. Dollar Tree, Inc. has a 1-year low of $60.81 and a 1-year high of $151.21. The firm has a 50-day moving average price of $87.36 and a two-hundred day moving average price of $106.75.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Wednesday, September 4th. The company reported $0.67 earnings per share 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 firm had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.49 billion. During the same period in the previous year, the business earned $0.91 EPS. The firm’s revenue was up .7% compared to the same quarter last year. As a group, equities analysts anticipate that Dollar Tree, Inc. will post 5.33 earnings per share for the current fiscal year.

Insider Activity

In other Dollar Tree news, Director Daniel J. Heinrich acquired 2,200 shares of the stock in a transaction dated Friday, September 6th. The shares were bought at an average cost of $68.27 per share, for a total transaction of $150,194.00. Following the completion of the acquisition, the director now directly owns 9,823 shares of the company’s stock, valued at $670,616.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 6.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Citigroup decreased their target price on shares of Dollar Tree from $120.00 to $64.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. The Goldman Sachs Group lowered their price objective on shares of Dollar Tree from $145.00 to $90.00 and set a “buy” rating on the stock in a research note on Tuesday, September 10th. StockNews.com downgraded shares of Dollar Tree from a “hold” rating to a “sell” rating in a research report on Friday, September 6th. BMO Capital Markets downgraded shares of Dollar Tree from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $130.00 to $68.00 in a research report on Thursday, September 5th. Finally, UBS Group reduced their target price on shares of Dollar Tree from $155.00 to $105.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $91.40.

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.