Dollar Tree, Inc. (NASDAQ:DLTR) Stock Holdings Increased by Allworth Financial LP

Allworth Financial LP raised its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 19.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,886 shares of the company’s stock after acquiring an additional 313 shares during the period. Allworth Financial LP’s holdings in Dollar Tree were worth $268,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Nilsine Partners LLC bought a new stake in Dollar Tree during the 4th quarter valued at $256,000. International Assets Investment Management LLC bought a new stake in Dollar Tree during the 4th quarter valued at $15,638,000. China Universal Asset Management Co. Ltd. raised its stake in Dollar Tree by 655.4% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 6,194 shares of the company’s stock valued at $880,000 after acquiring an additional 5,374 shares in the last quarter. Ballentine Partners LLC bought a new stake in Dollar Tree during the 4th quarter valued at $293,000. Finally, Trust Point Inc. bought a new stake in Dollar Tree during the 4th quarter valued at $230,000. Institutional investors own 97.40% of the company’s stock.

Insider Buying and Selling at Dollar Tree

In other news, Director Daniel J. Heinrich bought 1,000 shares of the stock in a transaction on Monday, March 18th. The shares were purchased at an average price of $127.85 per share, for a total transaction of $127,850.00. Following the completion of the purchase, the director now directly owns 6,225 shares of the company’s stock, valued at approximately $795,866.25. The purchase was disclosed in a filing with the SEC, which is available through this link. In other news, Director Daniel J. Heinrich bought 1,000 shares of the stock in a transaction on Monday, March 18th. The shares were purchased at an average price of $127.85 per share, for a total transaction of $127,850.00. Following the completion of the purchase, the director now directly owns 6,225 shares of the company’s stock, valued at approximately $795,866.25. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CFO Jeffrey A. Davis bought 1,800 shares of the stock in a transaction on Monday, April 1st. The stock was purchased at an average price of $136.00 per share, for a total transaction of $244,800.00. Following the purchase, the chief financial officer now directly owns 19,047 shares of the company’s stock, valued at $2,590,392. The disclosure for this purchase can be found here. Corporate insiders own 6.00% of the company’s stock.

Wall Street Analyst Weigh In

DLTR has been the topic of a number of research reports. Oppenheimer reissued a “market perform” rating on shares of Dollar Tree in a research note on Monday, March 4th. Truist Financial dropped their price objective on Dollar Tree from $149.00 to $147.00 and set a “buy” rating on the stock in a research note on Thursday, March 14th. Piper Sandler dropped their price objective on Dollar Tree from $171.00 to $168.00 and set an “overweight” rating on the stock in a research note on Thursday, March 14th. Wells Fargo & Company boosted their price objective on Dollar Tree from $160.00 to $180.00 and gave the stock an “overweight” rating in a research note on Monday, March 4th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $160.00 price objective on shares of Dollar Tree in a research note on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $149.80.

Dollar Tree Stock Performance

Shares of DLTR stock opened at $128.73 on Thursday. Dollar Tree, Inc. has a 1-year low of $102.77 and a 1-year high of $161.10. 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 company has a market capitalization of $28.06 billion, a price-to-earnings ratio of -27.86, a P/E/G ratio of 1.21 and a beta of 0.90. The stock’s fifty day simple moving average is $138.00 and its 200-day simple moving average is $127.57.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Wednesday, March 13th. The company reported $2.55 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $8.66 billion. During the same quarter in the prior year, the firm posted $2.04 EPS. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. On average, sell-side analysts predict that Dollar Tree, Inc. will post 6.91 earnings per share for the current fiscal year.

Dollar Tree 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.