Harel Insurance Investments & Financial Services Ltd. acquired a new position in Dollar Tree, Inc. (NASDAQ:DLTR – Get Rating) stock during the fourth quarter, the company said in its most recent filing with the Securities & Exchange Commission. The company purchased 1,223 shares of the company’s stock for approximately $174,000.
→ Sell every share except ONE (From legacy research)
Other major investors have also recently bought and sold shares in the company. American National Bank increased its position in Dollar Tree shares by 905.0% in the fourth quarter. American National Bank now owns 201 shares of the company, valued at $28,000, after purchasing an additional 181 shares last quarter. Alpha Paradigm Partners LLC acquired a new interest in Dollar Tree stock valued at $35,000 during the third quarter. Fred Alger Management LLC acquired a new interest in Dollar Tree stock valued at $37,000 during the third quarter. CI Investments Inc. increased its position in Dollar Tree shares by 933.3% in the third quarter. CI Investments Inc. now owns 279 shares of the company’s stock valued at $38,000 after purchasing an additional 252 shares last quarter. Finally, Guardian Wealth Advisors LLC acquired a new stake in Dollar Tree stock valued at $39,000 during the third quarter. Hedge funds and other institutional investors own 97.04% of the company’s shares.
Dollar Tree Trading up 0.2%
Dollar Tree shares opened at $149.04 on Friday. The company has a market cap of $32.97 billion, a P/E of 20.67, a PEG ratio of 2.11, and a beta of 0.66. The company’s 50-day moving average is $145.14 and its 200-day moving average is $146.44. Dollar Tree, Inc. has a 1 year low of $124.76 and a 1 year high of $177.19. The company has a leverage ratio of 0.39, a quick ratio of 0.22 and a current ratio of 1.51.
Dollar Tree (NASDAQ:DLTR – Get Rating) last issued its quarterly earnings results on Wednesday, March 1st. The company reported earnings per share of $2.04 for the quarter, beating analyst consensus estimates of $2.03 by $0.01. Dollar Tree had a net margin of 5.70% and a return on equity of 19.19%. The company had revenue of $7.72 billion for the quarter, compared to the consensus estimate of $7.61 billion. In the same period last year, the company earned $2.01 per share. Dollar Tree revenue increased 9.0% year over year. On average, equities analysts expect Dollar Tree, Inc. to report earnings per share of 6.58 for the current year.
Analysts set new price targets
Several research companies have recently issued reports on DLTR. StockNews.com began reporting shares of Dollar Tree in a research report on Thursday, March 16th. They gave the company a “hold” rating. Morgan Stanley raised its target price on Dollar Tree shares to $150.00 from $145.00 and gave the company an “equal weight” rating in a report on Thursday, March 2nd. Barclays began reporting shares of Dollar Tree in a report on Tuesday, February 7th. They set an “equal weight” rating and a price target of $145.00 for the company. 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, in a report on Thursday, March 2nd, the Telsey Advisory Group reaffirmed an “outperform” rating and set a price target of $165.00 for Dollar Tree shares. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $166.80.
Insider Trading at Dollar Tree
In related news, 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. Following the completion of the acquisition, the Chief Executive Officer now owns 7,118 shares of the Company, valued at approximately $1,010,756. The purchase was disclosed in a filing with the Securities & Exchange Commission available at this link. In other Dollar Tree news, CFO Jeffrey A. Davis bought 1,790 shares of Dollar Tree in one transaction on Monday, March 27. The stock was purchased at an average price of $139.06 per share for a total transaction of $248,917.40. Upon completion of the purchase, the Chief Financial Officer now directly owns 15,006 shares of the company, valued at $2,086,734.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed at this link. Also, CEO Richard W. Dreiling purchased 7,100 shares of Dollar Tree in a transaction on Thursday, March 9th. The stock was purchased at an average price of $142.00 per share for a total value of $1,008,200.00. Upon completion of the purchase, the Chief Executive Officer now directly owns 7,118 shares of the Company, valued at $1,010,756. The disclosure for this purchase can be found here. 5.80% of the shares are currently owned by insiders.
About Dollar Tree
(received 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).
This instant news alert was generated by MarketBeat’s narrative science technology and financial data to provide readers with the fastest, most accurate reporting. This story was reviewed by the MarketBeat editorial team before publication. Please send questions or comments about this story to contact@marketbeat.com.
Hear this before you consider Dollar Tree.
MarketBeat tracks Wall Street’s best-in-class, top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now, before the broader market takes hold… and Dollar Tree wasn’t on the list.
While Dollar Tree is currently rated a “Moderate Buy” by analysts, top analysts believe these five stocks are better buys.
Check out the five stocks here
www.marketbeat.com
https://www.marketbeat.com/instant-alerts/nasdaq-dltr-sec-filing-2023-04-07/
