Dollar Tree, Inc. (NASDAQ:DLTR) Position Reduced by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. decreased its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR – Get Rating) by 34.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,938 shares of the company’s stock after selling 14,207 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Dollar Tree were worth $3,810,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SVB Wealth LLC raised its holdings in Dollar Tree by 2.4% during the second quarter. SVB Wealth LLC now owns 2,657 shares of the company’s stock worth $414,000 after purchasing an additional 62 shares in the last quarter. Simon Quick Advisors LLC raised its holdings in Dollar Tree by 4.5% during the fourth quarter. Simon Quick Advisors LLC now owns 1,648 shares of the company’s stock worth $233,000 after purchasing an additional 71 shares in the last quarter. Kentucky Retirement Systems raised its holdings in Dollar Tree by 0.4% during the fourth quarter. Kentucky Retirement Systems now owns 16,596 shares of the company’s stock worth $2,347,000 after purchasing an additional 73 shares in the last quarter. CIBC Private Wealth Group LLC raised its holdings in Dollar Tree by 0.5% during the third quarter. CIBC Private Wealth Group LLC now owns 18,240 shares of the company’s stock worth $2,483,000 after purchasing an additional 82 shares in the last quarter. Finally, Carolinas Wealth Consulting LLC increased its holdings in shares of Dollar Tree by 11.5% in the third quarter. Carolinas Wealth Consulting LLC now owns 816 shares of the company’s stock valued at $111,000 after buying an additional 84 shares in the last quarter. Institutional investors own 97.04% of the company’s stock.

Dollar Tree Trading Down 0.4 %

Dollar Tree stock opened at $160.08 on Friday. The company’s fifty day simple moving average is $149.06 and its 200-day simple moving average is $148.64. The company has a quick ratio of 0.22, a current ratio of 1.51 and a debt-to-equity ratio of 0.39. Dollar Tree, Inc. has a 12 month low of $124.76 and a 12 month high of $175.68. The stock has a market cap of $35.41 billion, a P/E ratio of 22.20, a P/E/G ratio of 2.27 and a beta of 0.66.

Dollar Tree (NASDAQ:DLTR – Get Rating) last posted its quarterly earnings results on Wednesday, March 1st. The company reported $2.04 EPS for the quarter, beating the consensus estimate of $2.03 by $0.01. Dollar Tree had a net margin of 5.70% and a return on equity of 19.19%. The business had revenue of $7.72 billion for the quarter, compared to analysts’ expectations of $7.61 billion. During the same period in the previous year, the company posted $2.01 EPS. Dollar Tree’s revenue was up 9.0% on a year-over-year basis. As a group, sell-side analysts forecast that Dollar Tree, Inc. will post 6.59 EPS for the current fiscal year.

Insider Buying and Selling

In other Dollar Tree news, CFO Jeffrey A. Davis bought 1,790 shares of the stock in a transaction on Monday, March 27th. The shares were purchased at an average cost of $139.06 per share, with a total value of $248,917.40. Following the completion of the transaction, the chief financial officer now directly owns 15,006 shares of the company’s stock, valued at approximately $2,086,734.36. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO Richard W. Dreiling purchased 7,100 shares of the firm’s stock in a transaction on Thursday, March 9th. The stock was bought at an average cost 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 directly owns 7,118 shares of the company’s stock, valued at $1,010,756. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Jeffrey A. Davis purchased 1,790 shares of the firm’s stock in a transaction on Monday, March 27th. The shares were purchased at an average price of $139.06 per share, with a total value of $248,917.40. Following the completion of the acquisition, the chief financial officer now directly owns 15,006 shares of the company’s stock, valued at $2,086,734.36. The disclosure for this purchase can be found here. 6.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Gordon Haskett cut Dollar Tree from a “buy” rating to an “accumulate” rating and set a $163.00 price target on the stock. in a report on Tuesday, January 24th. Deutsche Bank Aktiengesellschaft dropped their price target on Dollar Tree from $181.00 to $173.00 and set a “buy” rating on the stock in a report on Thursday, March 2nd. Piper Sandler upped their price target on Dollar Tree from $167.00 to $173.00 and gave the company an “overweight” rating in a report on Tuesday, February 28th. StockNews.com assumed coverage on Dollar Tree in a report on Thursday. They issued a “hold” rating on the stock. Finally, JPMorgan Chase & Co. cut Dollar Tree from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $160.00 to $150.00 in a report on Thursday, March 2nd. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $166.67.

About Dollar Tree

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Dollar Tree, Inc owns and operates discount variety stores offering merchandise at fixed prices. It operates through the Dollar Tree and Family Dollar segments. The Dollar Tree segment includes operations under Dollar Tree and Dollar Tree Canada brands, with its distribution centers in the United States and Canada.