Kestra Private Wealth Services LLC Sells 220 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Kestra Private Wealth Services LLC lessened its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 8.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,372 shares of the company’s stock after selling 220 shares during the period. Kestra Private Wealth Services LLC’s holdings in Dollar Tree were worth $337,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of DLTR. International Assets Investment Management LLC acquired a new position in shares of Dollar Tree during the fourth quarter valued at $15,638,000. DAVENPORT & Co LLC boosted its stake in shares of Dollar Tree by 155.2% in the 4th quarter. DAVENPORT & Co LLC now owns 31,275 shares of the company’s stock valued at $4,443,000 after purchasing an additional 19,019 shares during the last quarter. Illinois Municipal Retirement Fund grew its position in shares of Dollar Tree by 52.0% during the 4th quarter. Illinois Municipal Retirement Fund now owns 112,540 shares of the company’s stock worth $15,986,000 after buying an additional 38,517 shares during the period. Louisiana State Employees Retirement System acquired a new stake in shares of Dollar Tree during the 4th quarter worth approximately $4,247,000. Finally, Sequoia Financial Advisors LLC raised its stake in shares of Dollar Tree by 97.2% during the fourth quarter. Sequoia Financial Advisors LLC now owns 5,869 shares of the company’s stock worth $834,000 after buying an additional 2,893 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Insider Buying and Selling

In related news, CFO Jeffrey A. Davis purchased 1,800 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was purchased at an average cost of $136.00 per share, for a total transaction of $244,800.00. Following the completion of the purchase, the chief financial officer now directly owns 19,047 shares in the company, valued at $2,590,392. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CFO Jeffrey A. Davis acquired 1,800 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was bought at an average price of $136.00 per share, with a total value of $244,800.00. Following the acquisition, the chief financial officer now owns 19,047 shares in the company, valued at approximately $2,590,392. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daniel J. Heinrich bought 1,000 shares of the stock in a transaction that occurred 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 acquisition, the director now 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 corporate insiders.

Dollar Tree Price Performance

Shares of DLTR opened at $121.67 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. 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 $26.52 billion, a P/E ratio of -26.34, a P/E/G ratio of 1.14 and a beta of 0.92. The company has a 50 day moving average of $130.46 and a 200-day moving average of $129.65.

Dollar Tree (NASDAQ:DLTR) last released its 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 during the quarter, compared to the consensus estimate of $8.66 billion. During the same period last year, the business posted $2.04 EPS. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. As a group, equities research analysts forecast that Dollar Tree, Inc. will post 6.92 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on the stock. Guggenheim lifted their target price on shares of Dollar Tree from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. JPMorgan Chase & Co. upped their price objective on Dollar Tree from $144.00 to $152.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Jefferies Financial Group reduced their target price on Dollar Tree from $130.00 to $128.00 in a report on Thursday, March 14th. TheStreet cut Dollar Tree from a “b-” rating to a “c” rating in a research note on Wednesday, March 13th. Finally, StockNews.com raised shares of Dollar Tree from a “sell” rating to a “hold” rating in a research note on Wednesday, March 27th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $150.05.

Dollar Tree Profile

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.