Cwm LLC Decreases Stake in Dollar Tree, Inc. (NASDAQ:DLTR)

Cwm LLC lessened its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 14.2% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,277 shares of the company’s stock after selling 873 shares during the period. Cwm LLC’s holdings in Dollar Tree were worth $750,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Annis Gardner Whiting Capital Advisors LLC bought a new position in Dollar Tree in the 3rd quarter valued at $26,000. Turtle Creek Wealth Advisors LLC bought a new stake in Dollar Tree in the fourth quarter worth about $35,000. City State Bank boosted its stake in Dollar Tree by 200.0% in the fourth quarter. City State Bank now owns 300 shares of the company’s stock valued at $43,000 after acquiring an additional 200 shares during the last quarter. Operose Advisors LLC bought a new position in shares of Dollar Tree during the 3rd quarter valued at approximately $34,000. Finally, Mendota Financial Group LLC purchased a new stake in shares of Dollar Tree during the 4th quarter worth approximately $52,000. 97.40% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DLTR has been the subject of several research reports. BMO Capital Markets reduced their price objective on Dollar Tree from $170.00 to $160.00 and set an “outperform” rating for the company in a report on Thursday, March 14th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $160.00 price objective on shares of Dollar Tree in a report on Thursday, March 14th. Wells Fargo & Company boosted their price target on shares of Dollar Tree from $160.00 to $180.00 and gave the company an “overweight” rating in a research report on Monday, March 4th. TheStreet downgraded shares of Dollar Tree from a “b-” rating to a “c” rating in a report on Wednesday, March 13th. Finally, Truist Financial dropped their target price on Dollar Tree from $149.00 to $147.00 and set a “buy” rating on the stock in a research report on Thursday, March 14th. One 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 stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $150.05.

Dollar Tree Price Performance

DLTR stock opened at $118.81 on Tuesday. The firm has a 50 day simple moving average of $133.62 and a two-hundred day simple moving average of $129.31. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.31 and a quick ratio of 0.22. The stock has a market cap of $25.90 billion, a PE ratio of -25.72, a P/E/G ratio of 1.15 and a beta of 0.90. Dollar Tree, Inc. has a one year low of $102.77 and a one year high of $161.10.

Dollar Tree (NASDAQ:DLTR) last released 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 firm 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 business’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.04 EPS. On average, analysts predict that Dollar Tree, Inc. will post 6.91 EPS for the current fiscal year.

Insider Activity

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

About Dollar Tree

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.