Intrepid Capital Management Inc. decreased its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 11.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 69,225 shares of the company’s stock after selling 9,050 shares during the quarter. Dollar Tree comprises 3.4% of Intrepid Capital Management Inc.’s holdings, making the stock its 11th largest holding. Intrepid Capital Management Inc.’s holdings in Dollar Tree were worth $7,434,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DLTR. First Allied Advisory Services Inc. grew its holdings in Dollar Tree by 2.4% during the first quarter. First Allied Advisory Services Inc. now owns 4,082 shares of the company’s stock worth $431,000 after buying an additional 97 shares in the last quarter. Nelson Roberts Investment Advisors LLC grew its holdings in Dollar Tree by 12.8% during the second quarter. Nelson Roberts Investment Advisors LLC now owns 882 shares of the company’s stock worth $95,000 after buying an additional 100 shares in the last quarter. Berman Capital Advisors LLC grew its holdings in Dollar Tree by 52.5% during the first quarter. Berman Capital Advisors LLC now owns 305 shares of the company’s stock worth $32,000 after buying an additional 105 shares in the last quarter. Sigma Planning Corp grew its holdings in Dollar Tree by 2.7% during the second quarter. Sigma Planning Corp now owns 5,185 shares of the company’s stock worth $557,000 after buying an additional 135 shares in the last quarter. Finally, Greenleaf Trust grew its holdings in Dollar Tree by 5.9% during the second quarter. Greenleaf Trust now owns 2,541 shares of the company’s stock worth $273,000 after buying an additional 142 shares in the last quarter. Hedge funds and other institutional investors own 94.00% of the company’s stock.

In other news, Director Thomas A. Saunders sold 14,530 shares of the company’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of $111.85, for a total transaction of $1,625,180.50. Following the transaction, the director now owns 2,391,704 shares of the company’s stock, valued at approximately $267,512,092.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Gary Maxwell sold 2,800 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $107.15, for a total value of $300,020.00. Following the transaction, the insider now directly owns 7,254 shares in the company, valued at approximately $777,266.10. The disclosure for this sale can be found here. In the last three months, insiders sold 29,800 shares of company stock worth $3,305,235. Insiders own 1.40% of the company’s stock.

DLTR stock opened at $111.65 on Friday. The stock’s fifty day simple moving average is $99.14 and its two-hundred day simple moving average is $103.40. The company has a current ratio of 1.06, a quick ratio of 0.21 and a debt-to-equity ratio of 1.41. Dollar Tree, Inc. has a 1-year low of $78.78 and a 1-year high of $113.38. The stock has a market cap of $26.40 billion, a P/E ratio of 20.49, a P/E/G ratio of 2.10 and a beta of 0.54.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Thursday, August 29th. The company reported $0.76 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.20). Dollar Tree had a positive return on equity of 19.76% and a negative net margin of 6.77%. The business had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.72 billion. During the same period in the prior year, the firm posted $1.15 EPS. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. As a group, analysts forecast that Dollar Tree, Inc. will post 5.23 earnings per share for the current fiscal year.

Several brokerages recently issued reports on DLTR. Zacks Investment Research upgraded Dollar Tree from a “sell” rating to a “hold” rating and set a $107.00 price target for the company in a report on Monday, September 2nd. TheStreet downgraded Dollar Tree from a “b-” rating to a “c+” rating in a report on Wednesday, July 31st. Credit Suisse Group set a $110.00 price target on Dollar Tree and gave the stock a “buy” rating in a report on Friday, August 30th. Royal Bank of Canada decreased their price target on Dollar Tree from $113.00 to $108.00 and set an “outperform” rating for the company in a report on Friday, August 30th. Finally, Morgan Stanley decreased their price target on Dollar Tree from $101.00 to $100.00 and set an “equal weight” rating for the company in a report on Monday, June 3rd. Thirteen equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $105.21.

Dollar Tree Company Profile

Dollar Tree, Inc operates discount variety retail stores. It operates through two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods that include Valentine's Day, Easter, Halloween, and Christmas merchandise.

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Institutional Ownership by Quarter for Dollar Tree (NASDAQ:DLTR)

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