Farther Finance Advisors LLC Sells 353 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Farther Finance Advisors LLC trimmed its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 14.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,035 shares of the company’s stock after selling 353 shares during the quarter. Farther Finance Advisors LLC’s holdings in Dollar Tree were worth $153,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Radnor Capital Management LLC raised its stake in shares of Dollar Tree by 7.3% during the 1st quarter. Radnor Capital Management LLC now owns 22,248 shares of the company’s stock worth $1,670,000 after purchasing an additional 1,507 shares during the period. Chemistry Wealth Management LLC grew its position in Dollar Tree by 46.7% during the first quarter. Chemistry Wealth Management LLC now owns 10,804 shares of the company’s stock valued at $811,000 after buying an additional 3,438 shares during the period. Veracity Capital LLC purchased a new stake in Dollar Tree during the first quarter worth about $237,000. Sentry Investment Management LLC bought a new stake in Dollar Tree in the first quarter worth about $48,000. Finally, NBC Securities Inc. raised its position in Dollar Tree by 121,150.0% in the first quarter. NBC Securities Inc. now owns 2,425 shares of the company’s stock worth $182,000 after acquiring an additional 2,423 shares during the period. 97.40% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Sanford C. Bernstein set a $82.00 target price on shares of Dollar Tree and gave the company a “market perform” rating in a research report on Monday, May 5th. Evercore ISI increased their price objective on Dollar Tree from $86.00 to $92.00 and gave the company an “in-line” rating in a report on Thursday, June 5th. Bank of America decreased their target price on Dollar Tree from $75.00 to $70.00 and set an “underperform” rating for the company in a research report on Tuesday, April 8th. Morgan Stanley boosted their target price on Dollar Tree from $80.00 to $96.00 and gave the company an “equal weight” rating in a research note on Thursday, June 5th. Finally, Cfra Research upgraded Dollar Tree to a “hold” rating in a research note on Wednesday, May 28th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $90.26.

Dollar Tree Stock Performance

NASDAQ DLTR opened at $98.71 on Friday. The company’s 50 day simple moving average is $87.48 and its two-hundred day simple moving average is $77.20. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.04 and a quick ratio of 0.72. Dollar Tree, Inc. has a 1 year low of $60.49 and a 1 year high of $109.36. The stock has a market capitalization of $20.60 billion, a PE ratio of -7.12, a P/E/G ratio of 2.71 and a beta of 0.84.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results on Wednesday, June 4th. The company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.05. The firm had revenue of $4.64 billion for the quarter, compared to analysts’ expectations of $4.52 billion. Dollar Tree had a negative net margin of 12.15% and a positive return on equity of 19.36%. The business’s quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.43 earnings per share. Analysts predict that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Insider Activity

In other news, Director William W. Douglas III bought 701 shares of Dollar Tree stock in a transaction that occurred on Wednesday, April 2nd. The shares were acquired at an average price of $75.00 per share, with a total value of $52,575.00. Following the completion of the purchase, the director now directly owns 1,377 shares in the company, valued at $103,275. The trade was a 103.70% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Aditya Maheshwari sold 1,238 shares of the firm’s stock in a transaction dated 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. The trade was a 22.64% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,441 shares of company stock worth $2,095,333. 6.60% of the stock is currently owned by insiders.

Dollar Tree Company 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.