OneDigital Investment Advisors LLC Purchases 358 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

OneDigital Investment Advisors LLC grew its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 12.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,208 shares of the company’s stock after acquiring an additional 358 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Dollar Tree were worth $226,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. O Shaughnessy Asset Management LLC increased its stake in Dollar Tree by 49.8% in the first quarter. O Shaughnessy Asset Management LLC now owns 6,902 shares of the company’s stock valued at $919,000 after acquiring an additional 2,294 shares during the period. Bessemer Group Inc. raised its holdings in shares of Dollar Tree by 21.4% in the 1st quarter. Bessemer Group Inc. now owns 1,585 shares of the company’s stock worth $212,000 after buying an additional 279 shares in the last quarter. Pitcairn Co. lifted its position in shares of Dollar Tree by 15.7% during the 1st quarter. Pitcairn Co. now owns 1,735 shares of the company’s stock worth $231,000 after buying an additional 236 shares during the period. EntryPoint Capital LLC acquired a new stake in Dollar Tree in the 1st quarter valued at $84,000. Finally, Advisors Asset Management Inc. grew its position in Dollar Tree by 43.4% in the first quarter. Advisors Asset Management Inc. now owns 2,712 shares of the company’s stock valued at $361,000 after acquiring an additional 821 shares during the period. Institutional investors and hedge funds own 97.40% of the company’s stock.

Dollar Tree Trading Up 1.0 %

Shares of NASDAQ DLTR opened at $66.40 on Friday. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week high of $151.21. The firm has a market capitalization of $14.28 billion, a P/E ratio of -13.61, a P/E/G ratio of 2.57 and a beta of 0.87. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.02 and a quick ratio of 0.17. The company’s 50 day simple moving average is $67.75 and its 200 day simple moving average is $90.48.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.37). The company had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.49 billion. Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. The firm’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.91 earnings per share. On average, analysts predict that Dollar Tree, Inc. will post 5.35 EPS for the current year.

Analysts Set New Price Targets

DLTR has been the topic of several recent analyst reports. StockNews.com downgraded shares of Dollar Tree from a “hold” rating to a “sell” rating in a research note on Wednesday. Sanford C. Bernstein began coverage on shares of Dollar Tree in a research report on Tuesday, October 22nd. They issued a “market perform” rating and a $76.00 price target on the stock. Guggenheim dropped their price objective on shares of Dollar Tree from $150.00 to $120.00 and set a “buy” rating for the company in a report on Friday, September 6th. Redburn Atlantic raised Dollar Tree to a “hold” rating in a report on Monday, September 23rd. Finally, Telsey Advisory Group cut Dollar Tree from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $95.00 to $75.00 in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $87.95.

Insider Transactions at Dollar Tree

In other news, Director Daniel J. Heinrich purchased 2,200 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average cost of $68.27 per share, for a total transaction of $150,194.00. Following the transaction, the director now directly owns 9,823 shares of the company’s stock, valued at approximately $670,616.21. The trade was a 28.86 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 6.80% of the company’s stock.

About Dollar Tree

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.