Raymond James Financial Services Advisors Inc. raised its stake in Dollar Tree, Inc. (NASDAQ:DLTR – Free Report) by 2.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,787 shares of the company’s stock after buying an additional 322 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Dollar Tree were worth $2,100,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in shares of Dollar Tree by 0.3% in the 1st quarter. BlackRock Inc. now owns 16,041,782 shares of the company’s stock valued at $2,302,798,000 after acquiring an additional 50,496 shares during the period. Mantle Ridge LP raised its holdings in Dollar Tree by 11,365,431.0% in the first quarter. Mantle Ridge LP now owns 11,365,531 shares of the company’s stock worth $1,820,190,000 after purchasing an additional 11,365,431 shares during the period. State Street Corp boosted its position in shares of Dollar Tree by 8.4% during the first quarter. State Street Corp now owns 8,933,338 shares of the company’s stock worth $1,282,378,000 after purchasing an additional 692,658 shares in the last quarter. Morgan Stanley grew its holdings in shares of Dollar Tree by 95.9% in the 4th quarter. Morgan Stanley now owns 4,383,897 shares of the company’s stock valued at $620,059,000 after buying an additional 2,145,910 shares during the period. Finally, T. Rowe Price Investment Management Inc. increased its position in shares of Dollar Tree by 0.7% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 4,063,966 shares of the company’s stock valued at $574,808,000 after buying an additional 26,903 shares in the last quarter. Institutional investors own 97.40% of the company’s stock.
Insider Activity at Dollar Tree
In other Dollar Tree news, Director Daniel J. Heinrich purchased 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, with a total value of $127,850.00. Following the completion of the transaction, the director now directly owns 6,225 shares in the company, valued at $795,866.25. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CFO Jeffrey A. Davis bought 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, for a total transaction of $244,800.00. Following the purchase, the chief financial officer now owns 19,047 shares in the company, 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 Dollar Tree stock in a transaction that occurred on Monday, March 18th. The shares were bought at an average cost of $127.85 per share, with a total value of $127,850.00. Following the acquisition, the director now directly owns 6,225 shares in the company, 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 0.7 %
DLTR stock opened at $127.33 on Wednesday. The company has a market cap of $27.76 billion, a price-to-earnings ratio of -27.56, a P/E/G ratio of 1.23 and a beta of 0.90. Dollar Tree, Inc. has a twelve month low of $102.77 and a twelve month high of $161.10. The business has a 50 day moving average price of $138.04 and a two-hundred day moving average price of $127.56. 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 (NASDAQ:DLTR – Get Free Report) last issued 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). The firm had revenue of $8.63 billion for the quarter, compared to analyst estimates of $8.66 billion. Dollar Tree had a positive return on equity of 15.11% and a negative net margin of 3.26%. Dollar Tree’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.04 earnings per share. Analysts anticipate that Dollar Tree, Inc. will post 6.91 EPS for the current fiscal year.
Analysts Set New Price Targets
Several research analysts have weighed in on the company. Loop Capital reduced their target price on Dollar Tree from $195.00 to $170.00 and set a “buy” rating on the stock in a report on Thursday, March 14th. Jefferies Financial Group decreased their price objective on Dollar Tree from $130.00 to $128.00 in a research report on Thursday, March 14th. Piper Sandler dropped their target price on shares of Dollar Tree from $171.00 to $168.00 and set an “overweight” rating on the stock in a report on Thursday, March 14th. Wells Fargo & Company lifted their price target on shares of Dollar Tree from $160.00 to $180.00 and gave the company an “overweight” rating in a research note on Monday, March 4th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $160.00 price objective on shares of Dollar Tree in a report on Thursday, March 14th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $149.80.
Get Our Latest Stock Analysis on Dollar Tree
Dollar Tree Company 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.
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