Wealth Enhancement Advisory Services LLC acquired a new stake in Dollar Tree, Inc. (NASDAQ:DLTR – free report) during the first quarter, the company said in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 13,190 shares of the company worth approximately $1,893,000.
A number of other hedge funds have also changed their positions in this business. ICA Group Wealth Management LLC acquired a new interest in Dollar Tree valued at approximately $27,000 during the fourth quarter. Glass Jacobson Investment Advisors LLC acquired a new interest in Dollar Tree for approximately $28,000 during the fourth quarter. Massmutual Trust Co. FSB ADV increased its holdings of Dollar Tree stock by 92.3% during the first quarter. Massmutual Trust Co. FSB ADV now owns 200 shares of the company, valued at $29,000, after purchasing an additional 96 shares last quarter. American National Bank increased its holdings of Dollar Tree stock by 905.0% in the fourth quarter. American National Bank now owns 201 shares of the company, valued at $28,000, after buying another 181 shares last quarter. Finally, Alpha Paradigm Partners LLC acquired a new $35,000 interest in Dollar Tree during the third quarter. Hedge funds and other institutional investors own 99.78% of the company’s shares.
Insider buying and selling at Dollar Tree
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 sale, the insider now directly owns 6,825 shares of the company’s stock, valued at $980,138.25. The sale was disclosed in a document filed with the SEC, which is available on the SEC’s website. Company insiders own 6.00% of the company’s stock.
Dollar Tree price history
NASDAQ:DLTR shares opened at $144.90 on Tuesday. Dollar Tree, Inc. has a 1 year low of $128.85 and a 1 year high of $175.68. The company has a 50-day simple moving average of $145.21 and a 200-day simple moving average of $145.82. The company has a current ratio of 1.51, a short-term ratio of 0.28 and a leverage ratio of 0.38. The company has a market cap of $31.93 billion, a price-to-earnings ratio of 23.41, a price-to-earnings ratio of 2.22, and a beta of 0.68.
Dollar Tree (NASDAQ:DLTR – Get Free Report) last reported earnings results 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). Dollar Tree had a net margin of 4.79% and a return on equity of 16.36%. The company had revenue of $7.32 billion for the quarter, compared to the consensus estimate of $7.27 billion. In the prior-year quarter, the company generated earnings per share of $2.37. Dollar Tree’s quarterly revenue increased 6.1% year over year. As a group, sell-side analysts expect Dollar Tree, Inc. to report fiscal year-to-date earnings per share of 6.01.
Analyst upgrades and downgrades
Several equity analysts recently commented on DLTR stock. UBS Group raised its price target on Dollar Tree to $175.00 from $165.00 in a research note on Thursday, June 22. Credit Suisse Group lowered its price target on Dollar Tree to $140.00 from $150.00 in a research report on Friday, May 26. Evercore ISI lowered its price target on Dollar Tree from $165.00 to $155.00 in a research note on Friday, May 26. Citigroup lowered its price target on Dollar Tree to $167.00 from $180.00 in a research report on Friday, May 26. Finally, BMO Capital Markets lowered its price target on Dollar Tree from $187.00 to $170.00 in a research report on Friday, May 26. Five investment analysts have rated the stock with a hold rating and seven have given it a buy rating. According to MarketBeat, Dollar Tree currently has a consensus rating of Moderate Buy and an average target price of $155.93.
About Dollar Tree
(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.
further reading
Want to see what other hedge funds are holding DLTR? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Dollar Tree, Inc. (NASDAQ:DLTR – Free Report).
This instant news alert was generated using 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.
Before you think about Dollar Tree, you should hear this.
MarketBeat tracks Wall Street’s top-rated, 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 secretly telling clients to buy now, before the broader market finds out… and Dollar Tree wasn’t on the list.
While Dollar Tree is currently rated a Moderate Buy by analysts, top analysts are convinced these five stocks are better buys.
Check out the five stocks here
Click the link below and we’ll send you MarketBeat’s guide to investing in electric vehicle (EV) technology and which EV stocks are the most promising.
Get this free report
www.marketbeat.com
https://www.marketbeat.com/instant-alerts/nasdaq-dltr-sec-filing-2023-07-11/
