Clearstead Trust LLC Decreases Stock Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Clearstead Trust LLC lessened its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 5.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,432 shares of the company’s stock after selling 368 shares during the quarter. Clearstead Trust LLC’s holdings in Dollar Tree were worth $914,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DLTR. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Dollar Tree in the 3rd quarter valued at $26,000. Operose Advisors LLC purchased a new position in Dollar Tree during the 3rd quarter worth approximately $34,000. Turtle Creek Wealth Advisors LLC acquired a new position in Dollar Tree during the fourth quarter worth approximately $35,000. City State Bank lifted its stake in Dollar Tree by 200.0% in the fourth quarter. City State Bank now owns 300 shares of the company’s stock valued at $43,000 after buying an additional 200 shares during the last quarter. Finally, Mendota Financial Group LLC acquired a new stake in shares of Dollar Tree in the fourth quarter valued at approximately $52,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Dollar Tree Price Performance

NASDAQ DLTR traded up $0.95 during mid-day trading on Friday, hitting $120.73. The stock had a trading volume of 1,471,110 shares, compared to its average volume of 2,381,356. The company has a 50 day simple moving average of $131.52 and a 200 day simple moving average of $129.32. The company has a quick ratio of 0.22, a current ratio of 1.31 and a debt-to-equity ratio of 0.47. The company has a market cap of $26.32 billion, a price-to-earnings ratio of -26.13, a P/E/G ratio of 1.13 and a beta of 0.92. Dollar Tree, Inc. has a 52-week low of $102.77 and a 52-week high of $161.10.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results on Wednesday, March 13th. The company reported $2.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.67 by ($0.12). The firm had revenue of $8.63 billion for the quarter, compared to analyst estimates of $8.66 billion. Dollar Tree had a positive return on equity of 15.11% and a negative net margin of 3.26%. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period last year, the firm earned $2.04 EPS. Equities analysts forecast that Dollar Tree, Inc. will post 6.92 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Truist Financial reduced their price target on shares of Dollar Tree from $149.00 to $147.00 and set a “buy” rating for the company in a research report on Thursday, March 14th. Guggenheim upped their price objective on Dollar Tree from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Piper Sandler cut their price target on Dollar Tree from $171.00 to $168.00 and set an “overweight” rating for the company in a research note on Thursday, March 14th. Jefferies Financial Group lowered their price objective on shares of Dollar Tree from $130.00 to $128.00 in a research report on Thursday, March 14th. Finally, KeyCorp raised shares of Dollar Tree from a “sector weight” rating to an “overweight” rating and set a $150.00 price objective on the stock in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Dollar Tree currently has an average rating of “Moderate Buy” and an average price target of $150.05.

Insider Buying and Selling at Dollar Tree

In other Dollar Tree news, Director Daniel J. Heinrich acquired 1,000 shares of the company’s stock in a transaction dated Monday, March 18th. The stock was acquired at an average cost of $127.85 per share, with a total value of $127,850.00. Following the purchase, the director now directly owns 6,225 shares in the company, valued at approximately $795,866.25. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Daniel J. Heinrich acquired 1,000 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were acquired at an average price of $127.85 per share, with a total value of $127,850.00. Following the completion of the purchase, the director now directly owns 6,225 shares in the company, valued at $795,866.25. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Jeffrey A. Davis purchased 1,800 shares of the stock in a transaction dated Monday, April 1st. The shares were purchased at an average price of $136.00 per share, with a total value of $244,800.00. Following the completion of the acquisition, the chief financial officer now owns 19,047 shares of the company’s stock, valued at $2,590,392. The disclosure for this purchase can be found here. Insiders own 6.00% of the company’s stock.

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.