Dollar Tree, Inc. (NASDAQ:DLTR) Shares Sold by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC trimmed its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 8.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,372 shares of the company’s stock after selling 220 shares during the period. Kestra Private Wealth Services LLC’s holdings in Dollar Tree were worth $337,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DLTR. Fiduciary Group LLC purchased a new stake in shares of Dollar Tree during the fourth quarter worth about $203,000. Intact Investment Management Inc. purchased a new stake in Dollar Tree during the 4th quarter worth approximately $710,000. Russell Investments Group Ltd. raised its position in shares of Dollar Tree by 20.8% in the 4th quarter. Russell Investments Group Ltd. now owns 59,266 shares of the company’s stock valued at $8,422,000 after purchasing an additional 10,202 shares in the last quarter. Truist Financial Corp boosted its stake in shares of Dollar Tree by 1,581.5% during the 4th quarter. Truist Financial Corp now owns 205,113 shares of the company’s stock valued at $29,136,000 after buying an additional 192,915 shares during the last quarter. Finally, Bahl & Gaynor Inc. acquired a new stake in shares of Dollar Tree during the fourth quarter worth approximately $213,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Dollar Tree Stock Up 1.2 %

DLTR opened at $121.67 on Wednesday. The stock has a market cap of $26.52 billion, a P/E ratio of -26.34, a P/E/G ratio of 1.14 and a beta of 0.92. The stock’s 50 day moving average price is $130.46 and its 200 day moving average price is $129.65. Dollar Tree, Inc. has a 12 month low of $102.77 and a 12 month 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 issued its quarterly earnings results on Wednesday, March 13th. The company reported $2.55 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $8.66 billion. During the same period in the previous year, the business posted $2.04 earnings per share. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. As a group, research analysts predict that Dollar Tree, Inc. will post 6.92 earnings per share for the current year.

Insider Buying and Selling

In other Dollar Tree news, CFO Jeffrey A. Davis purchased 1,800 shares of the business’s stock in a transaction on Monday, April 1st. The stock was bought 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 $2,590,392. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Dollar Tree news, Director Daniel J. Heinrich purchased 1,000 shares of the firm’s stock in a transaction on Monday, March 18th. The shares were purchased 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jeffrey A. Davis acquired 1,800 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were bought 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 directly owns 19,047 shares in the company, valued at approximately $2,590,392. The disclosure for this purchase can be found here. 6.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

DLTR has been the topic of several recent analyst reports. Evercore ISI cut their price target on shares of Dollar Tree from $144.00 to $142.00 and set an “in-line” rating on the stock in a report on Tuesday, April 16th. Wells Fargo & Company increased their price target on shares of Dollar Tree from $160.00 to $180.00 and gave the stock an “overweight” rating in a research report on Monday, March 4th. TheStreet downgraded Dollar Tree from a “b-” rating to a “c” rating in a research note on Wednesday, March 13th. BMO Capital Markets cut their price objective on Dollar Tree from $170.00 to $160.00 and set an “outperform” rating on the stock in a research note on Thursday, March 14th. Finally, Gordon Haskett lowered Dollar Tree from a “buy” rating to a “hold” rating and decreased their target price for the stock from $150.00 to $140.00 in a research report on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average 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.