Brooklyn Investment Group Makes New $48,000 Investment in Dollar Tree, Inc. (NASDAQ:DLTR)

Brooklyn Investment Group bought a new position in Dollar Tree, Inc. (NASDAQ:DLTR) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 677 shares of the company’s stock, valued at approximately $48,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in DLTR. Primecap Management Co. CA raised its position in shares of Dollar Tree by 50.0% during the 2nd quarter. Primecap Management Co. CA now owns 2,872,460 shares of the company’s stock valued at $306,693,000 after buying an additional 957,275 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Dollar Tree by 488.4% during the 2nd quarter. Renaissance Technologies LLC now owns 1,044,595 shares of the company’s stock valued at $111,531,000 after buying an additional 867,054 shares in the last quarter. Equity Investment Corp raised its position in shares of Dollar Tree by 95.9% during the 3rd quarter. Equity Investment Corp now owns 1,525,374 shares of the company’s stock valued at $107,264,000 after buying an additional 746,913 shares in the last quarter. Point72 Asset Management L.P. raised its position in shares of Dollar Tree by 165.4% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,028,411 shares of the company’s stock valued at $109,803,000 after buying an additional 640,848 shares in the last quarter. Finally, Canoe Financial LP purchased a new stake in shares of Dollar Tree during the 3rd quarter valued at $46,576,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Analyst Ratings Changes

DLTR has been the topic of several research reports. KeyCorp cut shares of Dollar Tree from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 7th. Sanford C. Bernstein initiated coverage on shares of Dollar Tree in a research report on Tuesday, October 22nd. They issued a “market perform” rating and a $76.00 target price on the stock. JPMorgan Chase & Co. lifted their target price on shares of Dollar Tree from $70.00 to $82.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. The Goldman Sachs Group decreased their target price on shares of Dollar Tree from $145.00 to $90.00 and set a “buy” rating on the stock in a research report on Tuesday, September 10th. Finally, StockNews.com cut shares of Dollar Tree from a “hold” rating to a “sell” rating in a research report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $87.95.

Dollar Tree Price Performance

Shares of NASDAQ DLTR opened at $71.27 on Friday. Dollar Tree, Inc. has a 1 year low of $60.49 and a 1 year high of $151.21. 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 moving average is $67.47 and its 200 day moving average is $88.75. The stock has a market capitalization of $15.32 billion, a P/E ratio of -14.60, a P/E/G ratio of 2.83 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR) last announced 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). Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. The company had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.49 billion. During the same quarter in the prior year, the firm earned $0.91 EPS. Dollar Tree’s quarterly revenue was up .7% compared to the same quarter last year. On average, sell-side analysts expect that Dollar Tree, Inc. will post 5.35 earnings per share for the current year.

Insider Activity at Dollar Tree

In other Dollar Tree news, Director Daniel J. Heinrich acquired 2,200 shares of the business’s stock in a transaction on Friday, September 6th. The shares were acquired at an average price of $68.27 per share, for a total transaction of $150,194.00. Following the completion of the acquisition, the director now owns 9,823 shares in the company, valued at $670,616.21. This trade represents a 28.86 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.80% of the stock is owned by corporate insiders.

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.