Murphy & Mullick Capital Management Corp Takes Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Murphy & Mullick Capital Management Corp acquired a new position in Dollar Tree, Inc. (NASDAQ:DLTR) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 571 shares of the company’s stock, valued at approximately $43,000.

Several other large investors also recently modified their holdings of DLTR. Pzena Investment Management LLC bought a new stake in shares of Dollar Tree during the 4th quarter valued at about $520,000. Empower Advisory Group LLC grew its position in Dollar Tree by 15.3% during the fourth quarter. Empower Advisory Group LLC now owns 760,423 shares of the company’s stock valued at $56,986,000 after buying an additional 100,676 shares during the period. Strategic Wealth Investment Group LLC purchased a new stake in Dollar Tree during the fourth quarter valued at approximately $448,000. Entropy Technologies LP purchased a new stake in Dollar Tree during the fourth quarter valued at approximately $2,173,000. Finally, Alberta Investment Management Corp raised its position in Dollar Tree by 253.2% in the fourth quarter. Alberta Investment Management Corp now owns 93,600 shares of the company’s stock worth $7,014,000 after acquiring an additional 67,100 shares during the period. Institutional investors own 97.40% of the company’s stock.

Dollar Tree Price Performance

Shares of Dollar Tree stock opened at $76.95 on Friday. The firm has a market cap of $16.54 billion, a PE ratio of -16.13, a PEG ratio of 2.16 and a beta of 0.91. The stock has a 50 day moving average of $71.15 and a 200 day moving average of $70.18. 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 $137.14.

Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Wednesday, March 26th. The company reported $2.11 EPS for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.09). Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The firm had revenue of $5 billion for the quarter, compared to the consensus estimate of $8.23 billion. During the same quarter in the prior year, the company posted $2.55 earnings per share. The firm’s revenue was up .7% compared to the same quarter last year. On average, research analysts expect that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Analyst Ratings Changes

DLTR has been the subject of several analyst reports. Truist Financial reduced their price objective on Dollar Tree from $83.00 to $76.00 and set a “buy” rating for the company in a research note on Tuesday. Guggenheim decreased 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. UBS Group lowered their price objective on Dollar Tree from $105.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday, March 21st. BMO Capital Markets increased their target price on shares of Dollar Tree from $65.00 to $70.00 and gave the stock a “market perform” rating in a report on Thursday, December 5th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Dollar Tree from $88.00 to $78.00 and set a “neutral” rating on the stock in a report on Thursday. Sixteen research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Dollar Tree presently has a consensus rating of “Hold” and an average price target of $83.68.

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.