CVA Family Office LLC Invests $56,000 in Dollar Tree, Inc. (NASDAQ:DLTR)

CVA Family Office LLC purchased a new position in Dollar Tree, Inc. (NASDAQ:DLTR) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 395 shares of the company’s stock, valued at approximately $56,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Raymond James & Associates lifted its stake in Dollar Tree by 42.6% in the fourth quarter. Raymond James & Associates now owns 158,896 shares of the company’s stock worth $22,571,000 after acquiring an additional 47,454 shares during the period. HB Wealth Management LLC purchased a new position in Dollar Tree during the fourth quarter valued at $399,000. Premier Path Wealth Partners LLC purchased a new position in Dollar Tree during the fourth quarter valued at $211,000. Chemistry Wealth Management LLC lifted its position in Dollar Tree by 18.9% during the fourth quarter. Chemistry Wealth Management LLC now owns 4,031 shares of the company’s stock valued at $573,000 after buying an additional 642 shares during the period. Finally, Horrell Capital Management Inc. lifted its position in Dollar Tree by 0.3% during the fourth quarter. Horrell Capital Management Inc. now owns 29,224 shares of the company’s stock valued at $4,151,000 after buying an additional 94 shares during the period. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Dollar Tree Stock Up 3.9 %

Shares of DLTR stock opened at $132.50 on Thursday. The stock has a 50 day moving average of $138.07 and a 200 day moving average of $126.10. The company has a current ratio of 1.31, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. The stock has a market cap of $28.88 billion, a P/E ratio of -28.68, a P/E/G ratio of 1.19 and a beta of 0.92. Dollar Tree, Inc. has a twelve month low of $102.77 and a twelve month high of $161.10.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Wednesday, March 13th. The company reported $2.55 earnings per share for the quarter, missing the consensus estimate of $2.67 by ($0.12). The company had revenue of $8.63 billion for the quarter, compared to analysts’ expectations of $8.66 billion. Dollar Tree had a negative net margin of 3.26% and a positive return on equity of 15.11%. The firm’s revenue was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.04 earnings per share. As a group, sell-side analysts expect that Dollar Tree, Inc. will post 6.92 EPS for the current year.

Insider Activity

In other Dollar Tree news, Director Daniel J. Heinrich acquired 1,000 shares of the business’s stock in a transaction dated Monday, March 18th. The stock was acquired at an average cost of $127.85 per share, for a total transaction of $127,850.00. Following the completion of the transaction, the director now directly owns 6,225 shares of the company’s stock, valued at $795,866.25. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 6.00% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on DLTR shares. JPMorgan Chase & Co. reduced their price objective on Dollar Tree from $165.00 to $144.00 and set an “overweight” rating for the company in a report on Thursday, March 14th. Truist Financial lowered their price target on Dollar Tree from $149.00 to $147.00 and set a “buy” rating on the stock in a report on Thursday, March 14th. TheStreet cut Dollar Tree from a “b-” rating to a “c” rating in a report on Wednesday, March 13th. Telsey Advisory Group reissued an “outperform” rating and set a $160.00 target price on shares of Dollar Tree in a research report on Thursday, March 14th. Finally, Morgan Stanley cut their target price on Dollar Tree from $140.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 30th. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, Dollar Tree has a consensus rating of “Moderate Buy” and a consensus price target of $150.75.

Dollar Tree Company Profile

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.