Lindbrook Capital LLC Has $111,000 Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Lindbrook Capital LLC lifted its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 257.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 779 shares of the company’s stock after buying an additional 561 shares during the quarter. Lindbrook Capital LLC’s holdings in Dollar Tree were worth $111,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Wellington Management Group LLP boosted its position in shares of Dollar Tree by 5.1% in the third quarter. Wellington Management Group LLP now owns 2,808,184 shares of the company’s stock valued at $298,931,000 after acquiring an additional 135,826 shares during the period. Canada Pension Plan Investment Board raised its stake in Dollar Tree by 1.6% during the 3rd quarter. Canada Pension Plan Investment Board now owns 2,385,299 shares of the company’s stock valued at $253,915,000 after purchasing an additional 36,944 shares during the last quarter. Northern Trust Corp boosted its holdings in Dollar Tree by 0.8% in the 3rd quarter. Northern Trust Corp now owns 2,218,405 shares of the company’s stock valued at $236,149,000 after purchasing an additional 16,813 shares during the period. American Century Companies Inc. grew its position in Dollar Tree by 11.2% in the 3rd quarter. American Century Companies Inc. now owns 2,111,343 shares of the company’s stock worth $224,752,000 after purchasing an additional 212,527 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Dollar Tree by 24.7% during the 3rd quarter. Invesco Ltd. now owns 1,966,962 shares of the company’s stock worth $209,383,000 after purchasing an additional 389,718 shares during the period. 97.40% of the stock is currently owned by institutional investors.

Dollar Tree Stock Performance

Dollar Tree stock opened at $122.39 on Thursday. The stock has a 50-day simple moving average of $134.95 and a 200 day simple moving average of $128.86. The stock has a market capitalization of $26.68 billion, a price-to-earnings ratio of -26.49, a P/E/G ratio of 1.15 and a beta of 0.90. 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 12-month low of $102.77 and a 12-month high of $161.10.

Dollar Tree (NASDAQ:DLTR) last announced its earnings results 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 company had revenue of $8.63 billion during the quarter, compared to the consensus estimate of $8.66 billion. Dollar Tree had a positive return on equity of 15.11% and a negative net margin of 3.26%. The company’s revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the firm posted $2.04 earnings per share. On average, research analysts anticipate that Dollar Tree, Inc. will post 6.91 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on DLTR. JPMorgan Chase & Co. increased their target price on shares of Dollar Tree from $144.00 to $152.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. Piper Sandler reduced their price objective on Dollar Tree from $171.00 to $168.00 and set an “overweight” rating for the company in a research report on Thursday, March 14th. BMO Capital Markets lowered their price objective on Dollar Tree from $170.00 to $160.00 and set an “outperform” rating on the stock in a research report on Thursday, March 14th. Guggenheim upped their target price on Dollar Tree from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Finally, Truist Financial decreased their price target on shares of Dollar Tree from $149.00 to $147.00 and set a “buy” rating on the stock in a research note on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $150.05.

Insider Buying and Selling at Dollar Tree

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

Dollar Tree 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.