FORA Capital LLC acquired a new interest in Dollar Tree, Inc. (NASDAQ:DLTR – Get Rating) stock during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 25,462 shares of the company’s stock for approximately $3,601,000.
Several other hedge funds have recently added to or reduced their stakes in the company. Belpointe Asset Management LLC increased its holding in Dollar Tree by 24.9% in the fourth quarter. Belpointe Asset Management LLC now owns 1,253 shares of the company, valued at $177,000, having purchased an additional 250 shares during the period. Prospera Financial Services Inc increased its holdings of Dollar Tree stock by 14.0% during the fourth quarter. Prospera Financial Services Inc now owns 11,077 shares of the company’s stock valued at $1,567,000 after purchasing an additional 1,362 shares last quarter. Skandinaviska Enskilda Banken AB publ increased its holdings in Dollar Tree shares by 1.9% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 41,063 shares of the company, valued at $5,808,000, after purchasing an additional 748 shares last quarter. Thrivent Financial for Lutherans increased its stake in Dollar Tree by 10.9% during the fourth quarter. Thrivent Financial for Lutherans now owns 33,795 shares of the company, valued at $4,780,000, having purchased an additional 3,334 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its holding in Dollar Tree by 18.4% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 33,137 shares of the company’s stock valued at $4,687,000 after purchasing an additional 5,144 shares last quarter. 97.04% of the shares are owned by hedge funds and other institutional investors.
Dollar Tree trading down 0.3%
Shares of DLTR stock fell $0.52 midday Monday to reach $154.95. 308,375 shares of the Company were exchanged compared to an average volume of 2,085,058. Dollar Tree, Inc. has a 52-week low of $124.76 and a 52-week high of $175.68. The stock has a 50-day simple moving average of $146.34 and a two-hundred-day simple moving average of $148.23. The company has a quick ratio of 0.22, a current ratio of 1.51 and a debt to equity ratio of 0.39. The stock has a market cap of $34.27 billion, a price-to-earnings ratio of 21.56, a PEG ratio of 2.20, and a beta of 0.66.
Dollar Tree (NASDAQ:DLTR – Get Rating) last issued its quarterly earnings data on Wednesday, March 1st. The company reported earnings per share (EPS) of $2.04 for the quarter, beating the consensus estimate of $2.03 by $0.01. Dollar Tree had a return on equity of 19.19% and a net margin of 5.70%. The company made $7.72 billion in revenue for the quarter, compared to analysts’ expectations of $7.61 billion. In the same quarter last year, the company generated earnings per share of $2.01. The company’s revenue increased 9.0% year over year. Equity analysts expect Dollar Tree, Inc. to post 6.58 EPS for the current fiscal year.
Insider Trading at Dollar Tree
In other Dollar Tree news, CEO Richard W. Dreiling bought 7,100 shares of the company’s stock in a transaction on Thursday, March 9th. The shares were purchased at an average price of $142.00 per share for a total value of $1,008,200.00. Upon completion of the transaction, the Chief Executive Officer now owns 7,118 shares of the Company, valued at $1,010,756. The transaction was disclosed in a document filed with the SEC, available at this hyperlink. In addition, CEO Richard W. Dreiling acquired 7,100 shares of the company in a transaction that took place on Thursday, March 9th. The shares were acquired at an average price of $142.00 per share for a total transaction of $1,008,200.00. Upon completion of the purchase, the Chief Executive Officer now owns 7,118 shares of the company, valued at $1,010,756. The purchase was disclosed in a document filed with the SEC, which can be accessed at this hyperlink. In addition, CFO Jeffrey A. Davis acquired 1,790 shares of the company in a transaction that took place on Monday, March 27th. The stock was purchased at an average price of $139.06 per share for a total value of $248,917.40. Upon completion of the purchase, the Chief Financial Officer now directly owns 15,006 shares of the Company, valued at approximately $2,086,734.36. The disclosure for this purchase can be found here. Company insiders own 5.80% of the company’s shares.
Wall Street analysts forecast growth
DLTR has been the subject of several recent analyst reports. Credit Suisse Group issued a research report on Thursday, March 2, with a “neutral” rating and a price target of $150.00 for Dollar Tree shares. Gordon Haskett lowered Dollar Tree from a “buy” rating to an “accumulate” rating and set a price target of $163.00 for the company. in a research paper on Tuesday, January 24. Piper Sandler raised her price target on Dollar Tree to $173.00 from $167.00 and rated the company as “overweight” in a research report on Tuesday, February 28. Deutsche Bank Aktiengesellschaft has lowered its target price on Dollar Tree shares to $173.00 from $181.00 and gave the company a “buy” rating in a report dated Thursday, March 2nd. Finally, Truist Financial lowered its target price on shares of Dollar Tree from $170.00 to $164.00 and gave the stock a “buy” rating in a report on Thursday, March 2nd. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Dollar Tree currently has a consensus rating of Moderate Buy and a consensus price target of $166.80.
Dollar Tree Profile
(get rating)
Dollar Tree, Inc owns and operates discount stores that offer merchandise at fixed prices. It operates through the Dollar Tree and Family Dollar segments. The Dollar Tree segment includes operations under the Dollar Tree and Dollar Tree Canada brands with distribution centers in the United States and Canada.
Selected Stories
Want to see what other hedge funds are holding DLTR? Visit HoldingsChannel.com for the latest 13F filings and insider trades for Dollar Tree, Inc. (NASDAQ:DLTR – Get Rating).
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