Crossmark Global Holdings Inc. Grows Stock Holdings in Dollar Tree, Inc. $DLTR

Crossmark Global Holdings Inc. increased its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 502.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 48,916 shares of the company’s stock after acquiring an additional 40,801 shares during the period. Crossmark Global Holdings Inc.’s holdings in Dollar Tree were worth $4,616,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Root Financial Partners LLC bought a new stake in Dollar Tree during the third quarter valued at approximately $29,000. True Wealth Design LLC raised its position in Dollar Tree by 372.5% in the second quarter. True Wealth Design LLC now owns 378 shares of the company’s stock worth $37,000 after acquiring an additional 298 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of Dollar Tree by 90.5% during the 3rd quarter. Smartleaf Asset Management LLC now owns 423 shares of the company’s stock worth $40,000 after acquiring an additional 201 shares during the last quarter. Atlantic Union Bankshares Corp bought a new stake in shares of Dollar Tree during the 3rd quarter valued at $41,000. Finally, MTM Investment Management LLC bought a new stake in shares of Dollar Tree during the 2nd quarter valued at $42,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Insiders Place Their Bets

In other news, insider Brent A. Beebe sold 2,200 shares of Dollar Tree stock in a transaction on Monday, December 8th. The stock was sold at an average price of $124.65, for a total transaction of $274,230.00. Following the completion of the sale, the insider directly owned 13,740 shares in the company, valued at approximately $1,712,691. This trade represents a 13.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on DLTR. Rothschild & Co Redburn set a $165.00 target price on shares of Dollar Tree and gave the stock a “buy” rating in a research note on Tuesday, February 17th. Wells Fargo & Company raised their price target on Dollar Tree from $125.00 to $145.00 and gave the company an “overweight” rating in a report on Friday, December 19th. Telsey Advisory Group set a $150.00 price objective on Dollar Tree in a research report on Wednesday, December 17th. BNP Paribas Exane cut Dollar Tree from a “hold” rating to an “underperform” rating and set a $87.00 target price for the company. in a research report on Wednesday, January 21st. Finally, Piper Sandler reissued a “neutral” rating and set a $114.00 target price (up from $108.00) on shares of Dollar Tree in a research note on Thursday, December 4th. Eight investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and seven have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $124.62.

Dollar Tree Price Performance

DLTR stock opened at $115.82 on Friday. The stock has a market cap of $23.03 billion, a PE ratio of -8.61, a P/E/G ratio of 1.44 and a beta of 0.73. Dollar Tree, Inc. has a 12 month low of $61.80 and a 12 month high of $142.40. The company has a 50-day moving average price of $127.05 and a 200 day moving average price of $112.79. The company has a current ratio of 0.96, a quick ratio of 0.22 and a debt-to-equity ratio of 0.70.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Wednesday, December 3rd. The company reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.12. The company had revenue of $4.75 billion for the quarter, compared to analyst estimates of $4.70 billion. Dollar Tree had a negative net margin of 15.40% and a positive return on equity of 30.23%. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.12 EPS. Equities research analysts anticipate that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Dollar Tree Profile

Dollar Tree, Inc is a North American discount retailer that operates a portfolio of value-oriented store banners, primarily Dollar Tree and Family Dollar. The company’s stores offer a broad assortment of everyday items at low price points, including household essentials, food and snacks, health and beauty products, cleaning supplies, seasonal and party goods, home décor, and basic apparel. Dollar Tree’s merchandising strategy emphasizes high-turnover branded and private-label merchandise tailored to budget-conscious consumers, with Family Dollar complementing the chain by offering a wider range of price points and assortment depth in smaller-format neighborhood locations.

Founded in 1986 and headquartered in Chesapeake, Virginia, Dollar Tree has grown through both organic store openings and acquisitions.