Dollar Tree, Inc. (NASDAQ:DLTR) Shares Acquired by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lifted its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 12.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,645 shares of the company’s stock after acquiring an additional 3,861 shares during the period. Commonwealth Equity Services LLC’s holdings in Dollar Tree were worth $5,116,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in DLTR. Burgundy Asset Management Ltd. increased its position in Dollar Tree by 0.6% in the first quarter. Burgundy Asset Management Ltd. now owns 1,608,010 shares of the company’s stock worth $230,830,000 after buying an additional 10,265 shares during the period. Wealth Alliance increased its position in Dollar Tree by 3.1% in the first quarter. Wealth Alliance now owns 4,240 shares of the company’s stock worth $609,000 after buying an additional 126 shares during the period. Harvest Fund Management Co. Ltd increased its position in Dollar Tree by 86.8% in the first quarter. Harvest Fund Management Co. Ltd now owns 579 shares of the company’s stock worth $83,000 after buying an additional 269 shares during the period. Guggenheim Capital LLC increased its position in Dollar Tree by 15.2% in the first quarter. Guggenheim Capital LLC now owns 48,582 shares of the company’s stock worth $6,974,000 after buying an additional 6,423 shares during the period. Finally, Legacy Capital Wealth Partners LLC acquired a new stake in Dollar Tree in the first quarter worth $262,000. 97.40% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Dollar Tree news, insider Jennifer Hulett sold 1,484 shares of the firm’s stock in a transaction dated Friday, June 23rd. The stock was sold at an average price of $143.61, for a total transaction of $213,117.24. Following the completion of the sale, the insider now directly owns 6,825 shares in the company, valued at approximately $980,138.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 6.00% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on DLTR shares. The Goldman Sachs Group lowered their price target on Dollar Tree from $158.00 to $150.00 and set a “neutral” rating on the stock in a report on Thursday, August 24th. BMO Capital Markets lowered their price target on Dollar Tree from $187.00 to $170.00 in a report on Friday, May 26th. Truist Financial lowered their price target on Dollar Tree from $170.00 to $160.00 and set a “buy” rating on the stock in a report on Friday, August 25th. StockNews.com started coverage on Dollar Tree in a report on Thursday, August 17th. They set a “hold” rating on the stock. Finally, Evercore ISI lowered their price target on Dollar Tree from $165.00 to $155.00 in a report on Friday, May 26th. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $152.82.

Dollar Tree Trading Down 3.0 %

NASDAQ:DLTR opened at $118.74 on Friday. The company has a quick ratio of 0.20, a current ratio of 1.48 and a debt-to-equity ratio of 0.38. Dollar Tree, Inc. has a 1-year low of $118.10 and a 1-year high of $170.36. The firm has a market capitalization of $26.12 billion, a price-to-earnings ratio of 21.59, a price-to-earnings-growth ratio of 7.61 and a beta of 0.68. The stock has a fifty day simple moving average of $144.05 and a 200 day simple moving average of $145.03.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results on Thursday, August 24th. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.03. Dollar Tree had a return on equity of 14.24% and a net margin of 4.16%. The business had revenue of $7.32 billion during the quarter, compared to analyst estimates of $7.18 billion. During the same quarter last year, the company posted $1.60 EPS. Dollar Tree’s revenue for the quarter was up 8.2% on a year-over-year basis. Sell-side analysts forecast that Dollar Tree, Inc. will post 5.97 earnings per share for the current year.

About Dollar Tree

Dollar Tree, Inc operates discount variety retail stores. The company operates in two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $ 1.25. It provides consumable merchandise, which includes everyday consumables, such as household paper and chemicals, food, candy, health, personal care products, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, arts and crafts supplies, and other items; and seasonal goods that include Christmas, Easter, Halloween, and Valentine's Day merchandise.