Envestnet Asset Management Inc. Raises Stock Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Envestnet Asset Management Inc. raised its position in shares of Dollar Tree, Inc. (NASDAQ:DLTRFree Report) by 31.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 445,736 shares of the company’s stock after purchasing an additional 107,075 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Dollar Tree were worth $63,317,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Capital International Investors boosted its holdings in shares of Dollar Tree by 30.1% during the fourth quarter. Capital International Investors now owns 10,581,632 shares of the company’s stock worth $1,503,123,000 after purchasing an additional 2,445,827 shares during the period. Norges Bank purchased a new stake in Dollar Tree in the 4th quarter worth approximately $333,373,000. Ameriprise Financial Inc. grew its position in shares of Dollar Tree by 139.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,260,780 shares of the company’s stock worth $134,202,000 after buying an additional 734,229 shares during the last quarter. Toronto Dominion Bank increased its stake in shares of Dollar Tree by 137.5% during the third quarter. Toronto Dominion Bank now owns 1,100,981 shares of the company’s stock valued at $117,199,000 after buying an additional 637,357 shares during the period. Finally, Capital World Investors raised its holdings in shares of Dollar Tree by 2.8% during the fourth quarter. Capital World Investors now owns 17,608,690 shares of the company’s stock valued at $2,501,314,000 after acquiring an additional 487,180 shares in the last quarter. Institutional investors own 97.40% of the company’s stock.

Dollar Tree Stock Down 1.0 %

Shares of Dollar Tree stock opened at $110.19 on Tuesday. The company has a 50-day simple moving average of $120.56 and a two-hundred day simple moving average of $130.19. Dollar Tree, Inc. has a 52-week low of $102.77 and a 52-week high of $154.96. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.23 and a current ratio of 1.28. The stock has a market capitalization of $23.68 billion, a PE ratio of -24.01, a price-to-earnings-growth ratio of 1.17 and a beta of 0.90.

Dollar Tree (NASDAQ:DLTRGet Free Report) last announced its quarterly earnings data on Wednesday, June 5th. The company reported $1.43 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.43. Dollar Tree had a negative net margin of 3.23% and a positive return on equity of 15.67%. The company had revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.63 billion. During the same period in the previous year, the business earned $1.47 EPS. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, analysts anticipate that Dollar Tree, Inc. will post 6.68 EPS for the current fiscal year.

Insider Transactions at Dollar Tree

In other Dollar Tree news, CFO Jeffrey A. Davis acquired 1,800 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were bought at an average cost of $136.00 per share, with a total value of $244,800.00. Following the completion of the transaction, the chief financial officer now directly owns 19,047 shares of the company’s stock, valued at approximately $2,590,392. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Daniel J. Heinrich bought 1,000 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The shares were bought 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jeffrey A. Davis bought 1,800 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were bought at an average price of $136.00 per share, with a total value of $244,800.00. Following the completion of the purchase, the chief financial officer now owns 19,047 shares in the company, valued at approximately $2,590,392. The disclosure for this purchase can be found here. Company insiders own 6.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on DLTR. BMO Capital Markets cut their price target on shares of Dollar Tree from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Thursday, June 6th. Morgan Stanley decreased their price target on shares of Dollar Tree from $135.00 to $130.00 and set an “equal weight” rating for the company in a research note on Thursday, June 6th. StockNews.com upgraded shares of Dollar Tree from a “sell” rating to a “hold” rating in a report on Wednesday, March 27th. Citigroup lowered Dollar Tree from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $163.00 to $120.00 in a research report on Thursday, June 6th. Finally, Truist Financial dropped their price target on Dollar Tree from $147.00 to $140.00 and set a “buy” rating on the stock in a research report on Thursday, June 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $143.70.

Get Our Latest Analysis on Dollar Tree

Dollar Tree Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Dollar Tree (NASDAQ:DLTR)

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