Perigon Wealth Management LLC Decreases Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Perigon Wealth Management LLC cut its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 30.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,689 shares of the company’s stock after selling 1,189 shares during the quarter. Perigon Wealth Management LLC’s holdings in Dollar Tree were worth $382,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. SVB Wealth LLC raised its stake in Dollar Tree by 2.4% during the 2nd quarter. SVB Wealth LLC now owns 2,657 shares of the company’s stock valued at $414,000 after buying an additional 62 shares during the last quarter. CIBC Private Wealth Group LLC raised its stake in Dollar Tree by 0.5% during the 3rd 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 during the last quarter. Horrell Capital Management Inc. grew its position in shares of Dollar Tree by 0.3% during the 4th quarter. Horrell Capital Management Inc. now owns 29,224 shares of the company’s stock valued at $4,151,000 after acquiring an additional 94 shares during the period. Ethic Inc. grew its position in shares of Dollar Tree by 3.8% during the 1st quarter. Ethic Inc. now owns 2,554 shares of the company’s stock valued at $409,000 after acquiring an additional 94 shares during the period. Finally, Independence Bank of Kentucky grew its position in shares of Dollar Tree by 15.0% during the 4th quarter. Independence Bank of Kentucky now owns 759 shares of the company’s stock valued at $108,000 after acquiring an additional 99 shares during the period. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Dollar Tree Trading Down 1.0 %

Shares of Dollar Tree stock opened at $124.06 on Wednesday. The firm has a market cap of $27.04 billion, a price-to-earnings ratio of -26.85, a PEG ratio of 1.18 and a beta of 0.90. The business has a 50-day moving average price of $137.11 and a 200-day moving average price of $128.29. The company has a quick ratio of 0.22, a current ratio of 1.31 and a debt-to-equity ratio of 0.47. Dollar Tree, Inc. has a twelve month low of $102.77 and a twelve month high of $161.10.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Wednesday, March 13th. The company reported $2.55 earnings per share for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.12). The firm had revenue of $8.63 billion for the quarter, compared to analysts’ expectations of $8.66 billion. Dollar Tree had a negative net margin of 3.26% and a positive return on equity of 15.11%. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.04 EPS. Equities research analysts anticipate that Dollar Tree, Inc. will post 6.91 EPS for the current fiscal year.

Insider Activity

In other Dollar Tree news, CFO Jeffrey A. Davis purchased 1,800 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was purchased at an average price of $136.00 per share, with a total value of $244,800.00. Following the acquisition, the chief financial officer now owns 19,047 shares in the company, valued at $2,590,392. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Dollar Tree news, Director Daniel J. Heinrich purchased 1,000 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was purchased at an average price of $127.85 per share, with a total value of $127,850.00. Following the acquisition, the director now owns 6,225 shares in the company, valued at $795,866.25. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Jeffrey A. Davis purchased 1,800 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was acquired at an average cost of $136.00 per share, with a total value of $244,800.00. Following the acquisition, the chief financial officer now owns 19,047 shares in the company, valued at approximately $2,590,392. The disclosure for this purchase can be found here. Company insiders own 6.00% of the company’s stock.

Analyst Upgrades and Downgrades

DLTR has been the subject of a number of recent research reports. Truist Financial cut their price objective on shares of Dollar Tree from $149.00 to $147.00 and set a “buy” rating for the company in a research report on Thursday, March 14th. Oppenheimer reissued a “market perform” rating on shares of Dollar Tree in a research report on Monday, March 4th. JPMorgan Chase & Co. boosted their price objective on shares of Dollar Tree from $144.00 to $152.00 and gave the company an “overweight” rating in a research report on Monday. BMO Capital Markets cut their price objective on shares of Dollar Tree from $170.00 to $160.00 and set an “outperform” rating for the company in a research report on Thursday, March 14th. Finally, TheStreet downgraded shares of Dollar Tree from a “b-” rating to a “c” rating in a research report on Wednesday, March 13th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Dollar Tree presently has a consensus rating of “Moderate Buy” and a consensus target price of $150.05.

Dollar Tree Company Profile

Dollar Tree, Inc operates retail discount 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.