575 Shares in Dollar Tree, Inc. (NASDAQ:DLTR) Bought by CX Institutional

CX Institutional acquired a new stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 575 shares of the company’s stock, valued at approximately $43,000.

A number of other institutional investors also recently bought and sold shares of DLTR. Assetmark Inc. raised its holdings in Dollar Tree by 74.1% in the 4th quarter. Assetmark Inc. now owns 350 shares of the company’s stock worth $26,000 after purchasing an additional 149 shares during the period. Bessemer Group Inc. increased its position in Dollar Tree by 34,600.0% in the fourth quarter. Bessemer Group Inc. now owns 347 shares of the company’s stock worth $26,000 after buying an additional 346 shares in the last quarter. Parkside Financial Bank & Trust increased its position in Dollar Tree by 120.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 424 shares of the company’s stock worth $32,000 after buying an additional 232 shares in the last quarter. Hurley Capital LLC bought a new position in shares of Dollar Tree in the fourth quarter worth about $33,000. Finally, Murphy & Mullick Capital Management Corp purchased a new position in shares of Dollar Tree during the 4th quarter valued at about $43,000. Institutional investors own 97.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on DLTR. Truist Financial raised their target price on shares of Dollar Tree from $89.00 to $100.00 and gave the stock a “buy” rating in a research note on Monday, June 2nd. JPMorgan Chase & Co. raised shares of Dollar Tree from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $72.00 to $111.00 in a research note on Thursday, June 5th. Telsey Advisory Group restated a “market perform” rating and set a $95.00 target price on shares of Dollar Tree in a research note on Wednesday, June 4th. BMO Capital Markets upped their target price on shares of Dollar Tree from $80.00 to $85.00 and gave the stock a “market perform” rating in a report on Thursday, June 5th. Finally, Guggenheim reiterated a “buy” rating and issued a $100.00 price target on shares of Dollar Tree in a research note on Thursday, June 5th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Dollar Tree has an average rating of “Hold” and an average price target of $90.26.

Dollar Tree Price Performance

NASDAQ DLTR opened at $98.35 on Wednesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.72 and a current ratio of 1.04. The company has a market cap of $20.53 billion, a PE ratio of -7.10, a P/E/G ratio of 2.75 and a beta of 0.84. The firm’s 50 day moving average price is $85.94 and its 200-day moving average price is $76.70. Dollar Tree, Inc. has a 52-week low of $60.49 and a 52-week high of $109.36.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Wednesday, June 4th. The company reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.05. The firm had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.52 billion. Dollar Tree had a negative net margin of 12.15% and a positive return on equity of 19.36%. The company’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.43 EPS. Sell-side analysts forecast that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Aditya Maheshwari sold 1,238 shares of the stock in a transaction on Monday, April 14th. The shares were sold at an average price of $74.70, for a total value of $92,478.60. Following the sale, the chief accounting officer now owns 4,231 shares in the company, valued at $316,055.70. This represents a 22.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Richard L. Mcneely sold 21,026 shares of the stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $94.62, for a total value of $1,989,480.12. Following the sale, the chief marketing officer now directly owns 50,419 shares in the company, valued at $4,770,645.78. This represents a 29.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,441 shares of company stock valued at $2,095,333. 6.60% of the stock is owned by company 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.