Wealth Alliance Increases Stock Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Wealth Alliance raised its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 4.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,278 shares of the company’s stock after buying an additional 183 shares during the quarter. Wealth Alliance’s holdings in Dollar Tree were worth $608,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. lifted its position in Dollar Tree by 0.3% during the first quarter. BlackRock Inc. now owns 16,041,782 shares of the company’s stock valued at $2,302,798,000 after buying an additional 50,496 shares during the period. Mantle Ridge LP raised its position in shares of Dollar Tree by 11,365,431.0% in the 1st 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 last quarter. State Street Corp raised its position in shares of Dollar Tree by 8.4% in the 1st 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 during the last quarter. Morgan Stanley raised its position 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 worth $620,059,000 after purchasing an additional 2,145,910 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. raised 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 worth $574,808,000 after purchasing an additional 26,903 shares during the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DLTR. TheStreet lowered Dollar Tree from a “b-” rating to a “c” rating in a research report on Wednesday, March 13th. Guggenheim lifted their price objective on Dollar Tree from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. Truist Financial reduced their price objective on Dollar Tree from $149.00 to $147.00 and set a “buy” rating for the company in a report on Thursday, March 14th. Evercore ISI reduced their price objective on Dollar Tree from $144.00 to $142.00 and set an “in-line” rating for the company in a report on Tuesday. Finally, JPMorgan Chase & Co. lifted their price objective on Dollar Tree from $144.00 to $152.00 and gave the stock an “overweight” rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Dollar Tree presently has a consensus rating of “Moderate Buy” and a consensus target price of $150.05.

Dollar Tree Stock Down 0.2 %

DLTR stock opened at $123.75 on Thursday. Dollar Tree, Inc. has a twelve month low of $102.77 and a twelve month high of $161.10. 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 business’s 50-day moving average price is $136.79 and its 200-day moving average price is $128.26.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Wednesday, March 13th. The company reported $2.55 EPS for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.12). Dollar Tree had a positive return on equity of 15.11% and a negative net margin of 3.26%. The business had revenue of $8.63 billion during the quarter, compared to analysts’ expectations of $8.66 billion. During the same period in the prior year, the firm posted $2.04 earnings per share. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. As a group, research analysts predict that Dollar Tree, Inc. will post 6.91 EPS for the current year.

Insider Buying and Selling

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

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.