3,247 Shares in Dollar Tree, Inc. (NASDAQ:DLTR) Bought by Savant Capital LLC

Savant Capital LLC acquired a new stake in Dollar Tree, Inc. (NASDAQ:DLTR) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 3,247 shares of the company’s stock, valued at approximately $461,000.

A number of other hedge funds and other institutional investors have also modified their holdings of DLTR. Cambridge Investment Research Advisors Inc. raised its stake in Dollar Tree by 13.5% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 34,812 shares of the company’s stock valued at $3,706,000 after buying an additional 4,129 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in Dollar Tree by 71.2% in the third quarter. Robeco Institutional Asset Management B.V. now owns 26,894 shares of the company’s stock valued at $2,863,000 after buying an additional 11,188 shares during the last quarter. Raymond James & Associates boosted its holdings in shares of Dollar Tree by 2.2% in the third quarter. Raymond James & Associates now owns 111,442 shares of the company’s stock valued at $11,863,000 after acquiring an additional 2,434 shares during the period. Stratos Wealth Partners LTD. grew its position in shares of Dollar Tree by 22.9% during the third quarter. Stratos Wealth Partners LTD. now owns 3,875 shares of the company’s stock worth $412,000 after acquiring an additional 722 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Dollar Tree by 2.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 37,044 shares of the company’s stock valued at $3,943,000 after acquiring an additional 959 shares during the period. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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

Dollar Tree Stock Performance

DLTR opened at $120.73 on Monday. The stock’s 50 day simple moving average is $131.52 and its 200 day simple moving average is $129.53. The stock has a market cap of $26.32 billion, a P/E ratio of -26.13, a P/E/G ratio of 1.14 and a beta of 0.92. Dollar Tree, Inc. has a 1-year low of $102.77 and a 1-year high of $161.10. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.31 and a quick ratio of 0.22.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly 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). Dollar Tree had a negative net margin of 3.26% and a positive return on equity of 15.11%. The firm had revenue of $8.63 billion during the quarter, compared to analysts’ expectations of $8.66 billion. During the same quarter in the prior year, the business earned $2.04 EPS. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. As a group, equities analysts anticipate that Dollar Tree, Inc. will post 6.92 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on DLTR shares. KeyCorp upgraded shares of Dollar Tree from a “sector weight” rating to an “overweight” rating and set a $150.00 price target for the company in a research note on Wednesday, May 1st. 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 note on Thursday, March 14th. StockNews.com upgraded Dollar Tree from a “sell” rating to a “hold” rating in a research note on Wednesday, March 27th. Jefferies Financial Group cut their price target on Dollar Tree from $130.00 to $128.00 in a research note on Thursday, March 14th. Finally, Gordon Haskett lowered shares of Dollar Tree from a “buy” rating to a “hold” rating and lowered their price objective for the company from $150.00 to $140.00 in a research report on Wednesday, April 3rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $150.05.

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.