Geneos Wealth Management Inc. Lowers Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Geneos Wealth Management Inc. cut its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 24.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 302 shares of the company’s stock after selling 98 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Dollar Tree were worth $43,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of DLTR. SVB Wealth LLC grew its holdings 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 acquiring an additional 62 shares during the last quarter. CIBC Private Wealth Group LLC grew its holdings 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 acquiring an additional 82 shares during the last quarter. Ethic Inc. grew its holdings in Dollar Tree by 3.8% in the 1st quarter. Ethic Inc. now owns 2,554 shares of the company’s stock worth $409,000 after acquiring an additional 94 shares during the last quarter. Horrell Capital Management Inc. grew its holdings in Dollar Tree by 0.3% in the 4th quarter. Horrell Capital Management Inc. now owns 29,224 shares of the company’s stock worth $4,151,000 after acquiring an additional 94 shares during the last quarter. Finally, Independence Bank of Kentucky grew its holdings in Dollar Tree by 15.0% in the 4th quarter. Independence Bank of Kentucky now owns 759 shares of the company’s stock worth $108,000 after acquiring an additional 99 shares during the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Oppenheimer reissued a “market perform” rating on shares of Dollar Tree in a report on Monday, March 4th. Loop Capital cut their price target on shares of Dollar Tree from $195.00 to $170.00 and set a “buy” rating on the stock in a report on Thursday, March 14th. Evercore ISI cut their target price on shares of Dollar Tree from $144.00 to $142.00 and set an “in-line” rating on the stock in a research note on Tuesday. BMO Capital Markets cut 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. Finally, Piper Sandler cut their target price 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 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’s stock. According to data from MarketBeat, Dollar Tree has a consensus rating of “Moderate Buy” and a consensus target price of $150.05.

Insider Activity at Dollar Tree

In other Dollar Tree news, Director Daniel J. Heinrich bought 1,000 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was bought 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 owns 6,225 shares of the company’s stock, valued at approximately $795,866.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Dollar Tree news, CFO Jeffrey A. Davis bought 1,800 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was bought at an average cost of $136.00 per share, for a total transaction of $244,800.00. Following the completion of the transaction, the chief financial officer now owns 19,047 shares of the company’s stock, valued at approximately $2,590,392. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel J. Heinrich bought 1,000 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The shares were acquired at an average price of $127.85 per share, with a total value 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 approximately $795,866.25. The disclosure for this purchase can be found here. 6.00% of the stock is currently owned by company insiders.

Dollar Tree Stock Down 1.0 %

DLTR opened at $124.06 on Wednesday. The company has a quick ratio of 0.22, a current ratio of 1.31 and a debt-to-equity ratio of 0.47. The firm has a 50 day moving average price of $137.11 and a 200-day moving average price of $128.29. Dollar Tree, Inc. has a twelve month low of $102.77 and a twelve month high of $161.10. The stock has a market capitalization of $27.04 billion, a price-to-earnings ratio of -26.85, a PEG ratio of 1.18 and a beta of 0.90.

Dollar Tree (NASDAQ:DLTR) last released 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 company had revenue of $8.63 billion for the quarter, compared to analysts’ expectations of $8.66 billion. During the same period in the previous year, the firm earned $2.04 earnings per share. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. Equities research analysts forecast that Dollar Tree, Inc. will post 6.91 earnings per share for the current year.

About Dollar Tree

Dollar Tree, Inc operates retail discount 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.