Dollar Tree, Inc. $DLTR Shares Sold by CWA Asset Management Group LLC

CWA Asset Management Group LLC decreased its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 92.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,228 shares of the company’s stock after selling 65,674 shares during the quarter. CWA Asset Management Group LLC’s holdings in Dollar Tree were worth $643,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Root Financial Partners LLC purchased a new position in shares of Dollar Tree in the 3rd quarter valued at about $29,000. FNY Investment Advisers LLC purchased a new stake in shares of Dollar Tree during the third quarter worth approximately $37,000. Smartleaf Asset Management LLC increased its stake in shares of Dollar Tree by 90.5% during the third quarter. Smartleaf Asset Management LLC now owns 423 shares of the company’s stock worth $40,000 after buying an additional 201 shares during the period. Atlantic Union Bankshares Corp acquired a new stake in Dollar Tree in the third quarter valued at approximately $41,000. Finally, 1248 Management LLC acquired a new stake in Dollar Tree in the second quarter valued at approximately $44,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

Dollar Tree Price Performance

Shares of DLTR opened at $108.27 on Tuesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.07 and a quick ratio of 0.29. Dollar Tree, Inc. has a 1-year low of $61.87 and a 1-year high of $142.40. The stock has a market cap of $21.36 billion, a PE ratio of 17.32, a price-to-earnings-growth ratio of 1.33 and a beta of 0.73. The firm has a fifty day moving average price of $123.09 and a 200 day moving average price of $112.87.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Monday, March 16th. The company reported $2.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.53 by $0.03. Dollar Tree had a return on equity of 32.24% and a net margin of 6.61%.The company had revenue of $5.45 billion for the quarter, compared to analyst estimates of $5.46 billion. During the same quarter last year, the company posted $2.11 earnings per share. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on DLTR. Citigroup lowered their price target on shares of Dollar Tree from $132.00 to $125.00 and set a “neutral” rating for the company in a report on Tuesday, March 17th. Rothschild & Co Redburn set a $165.00 price objective on shares of Dollar Tree and gave the company a “buy” rating in a report on Tuesday, February 17th. UBS Group lifted their price objective on shares of Dollar Tree from $135.00 to $138.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. Wells Fargo & Company boosted their target price on shares of Dollar Tree from $125.00 to $145.00 and gave the stock an “overweight” rating in a research note on Friday, December 19th. Finally, Morgan Stanley dropped their target price on Dollar Tree from $146.00 to $126.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 17th. Eight analysts have rated the stock with a Buy rating, ten have given a Hold rating and seven have issued a Sell rating to the company’s stock. According to MarketBeat, Dollar Tree currently has an average rating of “Hold” and an average price target of $123.24.

About Dollar Tree

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.