Crossmark Global Holdings Inc. Cuts Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Crossmark Global Holdings Inc. lessened its holdings in Dollar Tree, Inc. (NASDAQ:DLTRFree Report) by 7.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,499 shares of the company’s stock after selling 787 shares during the period. Crossmark Global Holdings Inc.’s holdings in Dollar Tree were worth $1,492,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Dollar Tree during the 3rd quarter worth approximately $26,000. United Community Bank purchased a new stake in Dollar Tree during the 4th quarter worth approximately $27,000. Operose Advisors LLC purchased a new stake in Dollar Tree during the 3rd quarter worth approximately $34,000. Turtle Creek Wealth Advisors LLC purchased a new stake in Dollar Tree during the 4th quarter worth approximately $35,000. Finally, City State Bank increased its stake in Dollar Tree by 200.0% during the 4th quarter. City State Bank now owns 300 shares of the company’s stock worth $43,000 after buying an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on DLTR. Telsey Advisory Group dropped their price target on Dollar Tree from $160.00 to $155.00 and set an “outperform” rating for the company in a research report on Thursday. StockNews.com upgraded Dollar Tree from a “sell” rating to a “hold” rating in a research report on Wednesday, March 27th. Loop Capital dropped their price target on Dollar Tree from $195.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday, March 14th. Piper Sandler dropped their price target on Dollar Tree from $168.00 to $143.00 and set an “overweight” rating for the company in a research report on Thursday. Finally, Jefferies Financial Group dropped their price target on Dollar Tree from $130.00 to $128.00 in a research report on Thursday, March 14th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $143.70.

Get Our Latest Analysis on Dollar Tree

Insider Transactions at Dollar Tree

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 shares were purchased at an average price of $136.00 per share, with a total value of $244,800.00. Following the completion of the acquisition, the chief financial officer now directly owns 19,047 shares of the company’s stock, valued at approximately $2,590,392. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 shares were purchased at an average price of $136.00 per share, with a total value of $244,800.00. Following the completion of the acquisition, the chief financial officer now directly owns 19,047 shares of the company’s stock, valued at approximately $2,590,392. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel J. Heinrich bought 1,000 shares of the company’s stock in a transaction that occurred on 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 acquisition, the director now directly owns 6,225 shares of the company’s stock, valued at $795,866.25. The disclosure for this purchase can be found here. Corporate insiders own 6.80% of the company’s stock.

Dollar Tree Stock Down 1.0 %

NASDAQ:DLTR opened at $111.29 on Friday. The company has a quick ratio of 0.22, a current ratio of 1.28 and a debt-to-equity ratio of 0.47. The stock’s fifty day moving average is $121.08 and its two-hundred day moving average is $130.12. Dollar Tree, Inc. has a 52 week low of $102.77 and a 52 week high of $154.96. The stock has a market capitalization of $23.92 billion, a price-to-earnings ratio of -24.25, a price-to-earnings-growth ratio of 1.12 and a beta of 0.90.

Dollar Tree (NASDAQ:DLTRGet Free Report) last posted its quarterly earnings data on Wednesday, June 5th. The company reported $1.43 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.43. Dollar Tree had a positive return on equity of 15.67% and a negative net margin of 3.23%. The business had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.63 billion. During the same quarter in the prior year, the company earned $1.47 earnings per share. The company’s revenue was up 4.2% on a year-over-year basis. Research analysts anticipate that Dollar Tree, Inc. will post 6.73 EPS for the current year.

Dollar Tree Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Dollar Tree (NASDAQ:DLTR)

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