Kestra Private Wealth Services LLC Raises Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Kestra Private Wealth Services LLC lifted its position in shares of Dollar Tree, Inc. (NASDAQ:DLTRFree Report) by 13.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,592 shares of the company’s stock after buying an additional 311 shares during the period. Kestra Private Wealth Services LLC’s holdings in Dollar Tree were worth $276,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of DLTR. SVB Wealth LLC increased its stake in Dollar Tree by 2.4% in the 2nd quarter. SVB Wealth LLC now owns 2,657 shares of the company’s stock worth $414,000 after purchasing an additional 62 shares during the period. Key Financial Inc increased its stake in Dollar Tree by 7.2% in the 2nd quarter. Key Financial Inc now owns 986 shares of the company’s stock worth $141,000 after purchasing an additional 66 shares during the period. Burney Co. increased its stake in Dollar Tree by 0.7% in the 2nd quarter. Burney Co. now owns 10,891 shares of the company’s stock worth $1,563,000 after purchasing an additional 81 shares during the period. CIBC Private Wealth Group LLC increased its stake in Dollar Tree by 0.5% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 18,240 shares of the company’s stock worth $2,483,000 after purchasing an additional 82 shares during the period. Finally, O Shaughnessy Asset Management LLC increased its stake in Dollar Tree by 4.4% in the 2nd quarter. O Shaughnessy Asset Management LLC now owns 2,174 shares of the company’s stock worth $312,000 after purchasing an additional 92 shares during the period. 97.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DLTR. Gordon Haskett raised Dollar Tree from an “accumulate” rating to a “buy” rating and set a $160.00 price target on the stock in a research note on Wednesday. Truist Financial boosted their target price on Dollar Tree from $135.00 to $149.00 and gave the company a “buy” rating in a research note on Thursday, December 21st. Wells Fargo & Company reduced their target price on Dollar Tree from $155.00 to $140.00 and set an “overweight” rating on the stock in a research note on Monday, November 27th. Telsey Advisory Group reissued an “outperform” rating and set a $160.00 target price on shares of Dollar Tree in a research note on Thursday, November 30th. Finally, The Goldman Sachs Group raised Dollar Tree from a “neutral” rating to a “buy” rating and reduced their target price for the company from $150.00 to $137.00 in a research note on Tuesday, October 17th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $149.44.

Get Our Latest Stock Analysis on DLTR

Dollar Tree Stock Down 1.0 %

DLTR stock opened at $139.50 on Friday. The stock has a market capitalization of $30.39 billion, a P/E ratio of 26.47, a P/E/G ratio of 5.64 and a beta of 0.90. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.36 and a quick ratio of 0.17. Dollar Tree, Inc. has a 1-year low of $102.77 and a 1-year high of $161.10. The business has a fifty day moving average price of $134.42 and a 200-day moving average price of $125.84.

Dollar Tree (NASDAQ:DLTRGet Free Report) last posted its quarterly earnings data on Wednesday, November 29th. The company reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.04). The firm had revenue of $7.31 billion for the quarter, compared to analysts’ expectations of $7.40 billion. Dollar Tree had a net margin of 3.92% and a return on equity of 13.34%. The firm’s revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.20 EPS. Equities analysts forecast that Dollar Tree, Inc. will post 6 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Ridge Lp Mantle purchased 738,862 shares of Dollar Tree stock in a transaction on Wednesday, December 20th. The stock was acquired at an average price of $134.37 per share, for a total transaction of $99,280,886.94. Following the completion of the transaction, the director now directly owns 12,104,493 shares in the company, valued at approximately $1,626,480,724.41. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 6.00% of the company’s stock.

Dollar Tree Profile

(Free Report)

Dollar Tree, Inc operates discount variety retail 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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