Mn Services Vermogensbeheer BV increased its position in Dollar Tree, Inc. (NASDAQ:DLTR – free report) by 3.2% in the first quarter, according to its recent filing on Form 13F with the Securities & Exchange Commission. The company owned 110,800 shares of the company’s stock after acquiring an additional 3,400 shares during the period. Mn Services Vermogensbeheer BV owned approximately 0.05% of Dollar Tree valued at $15,905,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wealth Alliance increased its holdings of Dollar Tree stock by 38.6% in the fourth quarter. Wealth Alliance now owns 4,114 shares of the company, valued at $582,000, after purchasing an additional 1,146 shares during the period. MQS Management LLC increased its holdings in Dollar Tree stock by 31.0% during the third quarter. MQS Management LLC now owns 1,805 shares of the company’s stock valued at $246,000 after purchasing an additional 427 shares during the period. Toronto Dominion Bank increased its holdings of Dollar Tree shares by 0.5% during the fourth quarter. Toronto Dominion Bank now owns 1,174,684 shares of the company’s stock valued at $166,047,000 after purchasing an additional 5,516 shares during the period. Thrivent Financial for Lutherans increased its holdings in Dollar Tree stock by 10.9% during the fourth quarter. Thrivent Financial for Lutherans now owns 33,795 shares of the company’s stock valued at $4,780,000 after purchasing an additional 3,334 shares during the period. Finally, during the fourth quarter, HBK Sorce Advisory LLC purchased a new stake in Dollar Tree for approximately $237,000. 99.78% of the shares are currently held by institutional investors.
Insider Activity
Additionally, insider Jennifer Hulett sold 1,484 shares of the company’s stock in a transaction on Friday, June 23. The stock sold at an average price of $143.61 for a total value of $213,117.24. Following the closing of the transaction, the insider now owns 6,825 shares of the company’s stock valued at approximately $980,138.25. The sale was disclosed in a filing with the Securities & Exchange Commission available at this hyperlink. 6.00% of the shares are owned by company insiders.
Wall Street analysts forecast growth
Several equity analysts recently commented on the company. Evercore ISI lowered its price target on Dollar Tree from $165.00 to $155.00 in a research note on Friday, May 26. In a report on Friday, May 26, Citigroup lowered its price target on Dollar Tree to $167.00 from $180.00. Wells Fargo & Company lowered its price target on Dollar Tree to $155.00 from $170.00 in a report on Friday, May 26. Truist Financial lowered its price target on Dollar Tree to $156.00 from $162.00 in a report on Friday, May 26. Finally, BMO Capital Markets lowered its price target on Dollar Tree to $170.00 from $187.00 in a research note on Friday, May 26. Five analysts rated the stock as “hold” and seven rated it as “buy.” Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $155.93.
Dollar Tree price history
DLTR shares opened at $147.67 on Thursday. The stock has a 50-day moving average price of $144.97 and a two-hundred-day moving average price of $145.87. The stock has a market cap of $32.54 billion, a P/E of 23.86, a price-to-earnings-to-growth ratio of 2.22, and a beta of 0.68. The company has a current ratio of 1.51, a short-term ratio of 0.28 and a leverage ratio of 0.38. Dollar Tree, Inc. has a 1 year low of $128.85 and a 1 year high of $175.68.
Dollar Tree (NASDAQ:DLTR – Get Free Report) last reported its quarterly earnings data on Thursday, May 25th. The company reported earnings per share of $1.47 for the quarter, falling short of the consensus estimate of $1.54 ($0.07). The company had revenue of $7.32 billion for the quarter, compared to the consensus estimate of $7.27 billion. Dollar Tree had a net margin of 4.79% and a return on equity of 16.36%. Dollar Tree’s revenue increased 6.1% year over year. In the same quarter last year, the company generated earnings per share of $2.37. Equity analysts are forecasting that Dollar Tree, Inc. will report earnings per share of 6.01 for the current fiscal year.
Dollar Tree company profile
(Free Report)
Dollar Tree, Inc operates discount retail stores. The Company operates through two segments: Dollar Tree and Family Dollar. The Dollar Tree segment offers goods at a fixed price of $1.25. It offers consumer goods, including everyday consumables such as household paper and chemicals, groceries, confectionery, health and personal care products, and frozen and chilled groceries. Miscellaneous merchandise including toys, durable housewares, gifts, stationery, party favors, greeting cards, softlines, arts and craft supplies and other items; and seasonal merchandise, including Christmas, Easter, Halloween, and Valentine’s Day items.
See also
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