Czech National Bank Buys 2,659 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Czech National Bank raised its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 6.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 43,818 shares of the company’s stock after purchasing an additional 2,659 shares during the quarter. Czech National Bank’s holdings in Dollar Tree were worth $3,284,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Versant Capital Management Inc bought a new stake in Dollar Tree during the fourth quarter valued at about $30,000. Eastern Bank bought a new position in Dollar Tree in the 3rd quarter worth $34,000. First Horizon Advisors Inc. boosted its stake in Dollar Tree by 105.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock worth $39,000 after purchasing an additional 284 shares during the period. Sunbelt Securities Inc. boosted its position in shares of Dollar Tree by 738.7% during the third quarter. Sunbelt Securities Inc. now owns 629 shares of the company’s stock worth $44,000 after acquiring an additional 554 shares during the last quarter. Finally, Brooklyn Investment Group bought a new position in shares of Dollar Tree during the third quarter worth $48,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Dollar Tree Trading Up 1.1 %

Shares of Dollar Tree stock opened at $71.08 on Friday. The firm has a market capitalization of $15.28 billion, a price-to-earnings ratio of -14.90, a PEG ratio of 2.32 and a beta of 0.90. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $151.21. The firm’s 50 day simple moving average is $70.45 and its two-hundred day simple moving average is $79.50.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Wednesday, December 4th. The company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.05. The firm had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $7.45 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The company’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.97 earnings per share. Analysts predict that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on DLTR. Sanford C. Bernstein initiated coverage on Dollar Tree in a research report on Tuesday, October 22nd. They set a “market perform” rating and a $76.00 price objective for the company. Melius Research assumed coverage on shares of Dollar Tree in a research report on Monday, September 23rd. They issued a “hold” rating and a $70.00 price target on the stock. Guggenheim reduced their price objective on Dollar Tree from $120.00 to $100.00 and set a “buy” rating on the stock in a research note on Friday, December 6th. Loop Capital boosted their price objective on shares of Dollar Tree from $65.00 to $75.00 and gave the company a “hold” rating in a research report on Thursday, December 5th. Finally, StockNews.com raised shares of Dollar Tree from a “sell” rating to a “hold” rating in a research note on Thursday, December 5th. Seventeen analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Dollar Tree currently has a consensus rating of “Hold” and a consensus price target of $85.58.

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.