HB Wealth Management LLC Takes Position in Dollar Tree, Inc. (NASDAQ:DLTR)

HB Wealth Management LLC acquired a new stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,812 shares of the company’s stock, valued at approximately $399,000.

A number of other large investors have also made changes to their positions in DLTR. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Dollar Tree during the third quarter valued at about $26,000. ICA Group Wealth Management LLC bought a new stake in Dollar Tree in the fourth quarter valued at about $27,000. Farther Finance Advisors LLC increased its stake in Dollar Tree by 111.1% in the second quarter. Farther Finance Advisors LLC now owns 228 shares of the company’s stock valued at $33,000 after acquiring an additional 120 shares during the period. Operose Advisors LLC bought a new stake in Dollar Tree in the third quarter valued at about $34,000. Finally, VitalStone Financial LLC bought a new stake in Dollar Tree in the first quarter valued at about $34,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

Insiders Place Their Bets

In other news, Director Daniel J. Heinrich bought 1,000 shares of the business’s stock in a transaction on Monday, March 18th. The shares were bought at an average cost of $127.85 per share, for a total transaction of $127,850.00. Following the completion of the acquisition, the director now owns 6,225 shares in the company, valued at approximately $795,866.25. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 6.00% of the company’s stock.

Dollar Tree Trading Up 3.9 %

Shares of NASDAQ DLTR opened at $132.50 on Thursday. The company’s 50 day simple moving average is $138.07 and its 200 day simple moving average is $126.10. Dollar Tree, Inc. has a fifty-two week low of $102.77 and a fifty-two week high of $161.10. The firm has a market capitalization 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. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.31 and a quick ratio of 0.22.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data 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). Dollar Tree had a negative net margin of 3.26% and a positive return on equity of 15.11%. The business had revenue of $8.63 billion during the quarter, compared to analyst estimates of $8.66 billion. During the same quarter in the prior year, the company earned $2.04 earnings per share. The company’s quarterly revenue was up 11.9% on a year-over-year basis. On average, analysts predict that Dollar Tree, Inc. will post 6.92 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on DLTR shares. StockNews.com raised shares of Dollar Tree from a “sell” rating to a “hold” rating in a research note on Wednesday. BMO Capital Markets lowered their target price on shares of Dollar Tree from $170.00 to $160.00 and set an “outperform” rating on the stock in a research note on Thursday, March 14th. Oppenheimer reissued a “market perform” rating on shares of Dollar Tree in a research note on Monday, March 4th. Morgan Stanley decreased their price objective on shares of Dollar Tree from $140.00 to $135.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 30th. Finally, Piper Sandler decreased their price objective on shares of Dollar Tree from $171.00 to $168.00 and set an “overweight” rating on the stock in a research note on Thursday, March 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $150.75.

About Dollar Tree

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.