Dollar Tree, Inc. (NASDAQ:DLTR) Shares Acquired by HB Wealth Management LLC

HB Wealth Management LLC boosted its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 7.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,011 shares of the company’s stock after buying an additional 199 shares during the quarter. HB Wealth Management LLC’s holdings in Dollar Tree were worth $401,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC raised its position in shares of Dollar Tree by 28.5% during the third quarter. O Shaughnessy Asset Management LLC now owns 2,794 shares of the company’s stock worth $297,000 after purchasing an additional 620 shares during the period. Qube Research & Technologies Ltd purchased a new stake in Dollar Tree during the third quarter valued at about $3,292,000. Gotham Asset Management LLC boosted its holdings in shares of Dollar Tree by 58.1% in the third quarter. Gotham Asset Management LLC now owns 12,596 shares of the company’s stock worth $1,341,000 after buying an additional 4,627 shares during the period. Ameriprise Financial Inc. increased its position in shares of Dollar Tree by 139.4% in the third quarter. Ameriprise Financial Inc. now owns 1,260,780 shares of the company’s stock worth $134,202,000 after acquiring an additional 734,229 shares in the last quarter. Finally, Scotia Capital Inc. lifted its position in shares of Dollar Tree by 479.8% in the 3rd quarter. Scotia Capital Inc. now owns 18,762 shares of the company’s stock valued at $1,998,000 after acquiring an additional 15,526 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Dollar Tree Stock Performance

Shares of NASDAQ DLTR traded up $0.39 during trading hours on Friday, hitting $106.34. 450,403 shares of the stock were exchanged, compared to its average volume of 2,787,538. The firm has a market capitalization of $22.86 billion, a P/E ratio of -23.10, a P/E/G ratio of 1.14 and a beta of 0.88. Dollar Tree, Inc. has a one year low of $101.85 and a one year high of $154.96. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.28 and a quick ratio of 0.23. The company’s 50 day moving average is $113.53 and its 200 day moving average is $127.85.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Wednesday, June 5th. The company reported $1.43 EPS for the quarter, hitting analysts’ consensus estimates of $1.43. Dollar Tree had a positive return on equity of 15.67% and a negative net margin of 3.23%. The business had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.63 billion. During the same period in the previous year, the company posted $1.47 earnings per share. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, research analysts expect that Dollar Tree, Inc. will post 6.63 EPS for the current year.

Insider Transactions at Dollar Tree

In related news, insider Robert Aflatooni sold 827 shares of the business’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $105.58, for a total transaction of $87,314.66. Following the transaction, the insider now owns 9,725 shares of the company’s stock, valued at $1,026,765.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 6.80% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Gordon Haskett downgraded shares of Dollar Tree from a “buy” rating to a “hold” rating and cut their target price for the company from $150.00 to $140.00 in a research note on Wednesday, April 3rd. Truist Financial dropped their target price on Dollar Tree from $147.00 to $140.00 and set a “buy” rating on the stock in a report on Thursday, June 6th. Jefferies Financial Group decreased their price target on shares of Dollar Tree from $130.00 to $128.00 in a report on Thursday, March 14th. BMO Capital Markets cut their target price on shares of Dollar Tree from $150.00 to $145.00 and set an “outperform” rating for the company in a research report on Thursday, June 6th. Finally, Citigroup lowered shares of Dollar Tree from a “buy” rating to a “neutral” rating and decreased their target price for the company from $163.00 to $120.00 in a research note on Thursday, June 6th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Dollar Tree currently has a consensus rating of “Moderate Buy” and an average target price of $142.45.

Dollar Tree 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.