First Trust Advisors LP Raises Stock Position in Dollar Tree, Inc. (NASDAQ:DLTR)

First Trust Advisors LP increased its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR – Get Rating) by 11.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 159,988 shares of the company’s stock after purchasing an additional 16,013 shares during the period. First Trust Advisors LP owned approximately 0.07% of Dollar Tree worth $22,631,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. SVB Wealth LLC raised its holdings in shares of 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 during the last quarter. Simon Quick Advisors LLC increased its holdings in Dollar Tree by 4.5% in the fourth quarter. Simon Quick Advisors LLC now owns 1,648 shares of the company’s stock valued at $233,000 after buying an additional 71 shares in the last quarter. Kentucky Retirement Systems increased its holdings in Dollar Tree by 0.4% in the fourth quarter. Kentucky Retirement Systems now owns 16,596 shares of the company’s stock valued at $2,347,000 after buying an additional 73 shares in the last quarter. CIBC Private Wealth Group LLC increased its holdings in Dollar Tree by 0.5% in the third quarter. CIBC Private Wealth Group LLC now owns 18,240 shares of the company’s stock valued at $2,483,000 after buying an additional 82 shares in the last quarter. Finally, Carolinas Wealth Consulting LLC increased its holdings in 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. Hedge funds and other institutional investors own 97.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on DLTR shares. Piper Sandler lifted their price objective on shares of Dollar Tree from $167.00 to $173.00 and gave the company an “overweight” rating in a report on Tuesday, February 28th. JPMorgan Chase & Co. cut shares of Dollar Tree from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $160.00 to $150.00 in a report on Thursday, March 2nd. Gordon Haskett cut shares of Dollar Tree from a “buy” rating to an “accumulate” rating and set a $163.00 price objective for the company. in a report on Tuesday, January 24th. Truist Financial dropped their target price on shares of Dollar Tree from $164.00 to $162.00 in a research report on Tuesday, May 9th. Finally, Credit Suisse Group reiterated a “neutral” rating and issued a $150.00 target price on shares of Dollar Tree in a research 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, Dollar Tree currently has an average rating of “Moderate Buy” and a consensus price target of $166.67.

Dollar Tree Price Performance

Dollar Tree stock opened at $160.08 on Friday. The company’s 50 day simple moving average is $149.06 and its 200-day simple moving average is $148.64. Dollar Tree, Inc. has a 1 year low of $124.76 and a 1 year high of $175.68. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.22 and a current ratio of 1.51. The company has a market capitalization of $35.41 billion, a price-to-earnings ratio of 22.20, a price-to-earnings-growth ratio of 2.27 and a beta of 0.66.

Dollar Tree (NASDAQ:DLTR – Get Rating) last issued its earnings results on Wednesday, March 1st. The company reported $2.04 earnings per share (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 during the quarter, compared to analysts’ expectations of $7.61 billion. During the same quarter in the prior year, the business posted $2.01 EPS. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. As a group, equities research analysts expect that Dollar Tree, Inc. will post 6.59 earnings per share for the current year.

Insider Activity

In related news, CFO Jeffrey A. Davis bought 1,790 shares of the stock in a transaction dated Monday, March 27th. The stock was acquired at an average price of $139.06 per share, for a total transaction of $248,917.40. Following the acquisition, the chief financial officer now owns 15,006 shares in the company, valued at approximately $2,086,734.36. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Dollar Tree news, CEO Richard W. Dreiling purchased 7,100 shares of the firm’s stock in a transaction that occurred on Thursday, March 9th. The stock was purchased at an average price of $142.00 per share, for a total transaction of $1,008,200.00. Following the purchase, the chief executive officer now directly owns 7,118 shares in the company, valued at $1,010,756. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jeffrey A. Davis purchased 1,790 shares of the firm’s stock in a transaction that occurred on Monday, March 27th. The shares were acquired at an average price of $139.06 per share, with a total value of $248,917.40. Following the purchase, the chief financial officer now owns 15,006 shares in the company, valued at $2,086,734.36. The disclosure for this purchase can be found here. Company insiders own 6.00% of the company’s stock.

Dollar Tree Company Profile

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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.