Resonant Capital Advisors LLC Decreases Stake in Dollar Tree, Inc. (NASDAQ:DLTR)

Resonant Capital Advisors LLC cut its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 7.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,567 shares of the company’s stock after selling 358 shares during the period. Resonant Capital Advisors LLC’s holdings in Dollar Tree were worth $649,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DLTR. Mantle Ridge LP raised its position in Dollar Tree by 11,365,431.0% during the first quarter. Mantle Ridge LP now owns 11,365,531 shares of the company’s stock valued at $1,820,190,000 after purchasing an additional 11,365,431 shares during the period. Morgan Stanley raised its holdings in shares of Dollar Tree by 95.9% in the fourth quarter. Morgan Stanley now owns 4,383,897 shares of the company’s stock worth $620,059,000 after buying an additional 2,145,910 shares during the period. Norges Bank purchased a new stake in shares of Dollar Tree in the fourth quarter worth approximately $273,045,000. Invesco Ltd. raised its holdings in shares of Dollar Tree by 69.3% in the first quarter. Invesco Ltd. now owns 1,825,658 shares of the company’s stock worth $292,377,000 after buying an additional 747,162 shares during the period. Finally, Ameriprise Financial Inc. raised its holdings in shares of Dollar Tree by 139.4% in the third 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 period. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DLTR. Oppenheimer reiterated a “market perform” rating on shares of Dollar Tree in a report on Monday, March 4th. Loop Capital reduced their price target on Dollar Tree from $195.00 to $170.00 and set a “buy” rating on the stock in a report on Thursday, March 14th. Gordon Haskett downgraded Dollar Tree from a “buy” rating to a “hold” rating and reduced their price target for the stock from $150.00 to $140.00 in a report on Wednesday, April 3rd. Guggenheim increased their price objective on Dollar Tree from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, March 5th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $160.00 price objective on shares of Dollar Tree in a research note 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 company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $150.05.

Dollar Tree Stock Performance

Shares of NASDAQ DLTR opened at $122.03 on Friday. 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 stock’s fifty day simple moving average is $136.07 and its two-hundred day simple moving average is $128.34. Dollar Tree, Inc. has a 12-month low of $102.77 and a 12-month high of $161.10.

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

Insider Transactions at Dollar Tree

In other Dollar Tree news, CFO Jeffrey A. Davis acquired 1,800 shares of the stock in a transaction dated Monday, April 1st. The stock was purchased at an average price of $136.00 per share, with a total value of $244,800.00. Following the transaction, the chief financial officer now directly owns 19,047 shares of the company’s stock, valued at $2,590,392. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Daniel J. Heinrich bought 1,000 shares of Dollar Tree stock in a transaction that occurred on Monday, March 18th. The stock was bought at an average price of $127.85 per share, for a total transaction of $127,850.00. Following the purchase, the director now directly 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 this hyperlink. Also, CFO Jeffrey A. Davis bought 1,800 shares of Dollar Tree stock in a transaction that occurred on Monday, April 1st. The stock was purchased at an average price of $136.00 per share, with a total value of $244,800.00. Following the purchase, the chief financial officer now directly owns 19,047 shares in the company, valued at $2,590,392. The disclosure for this purchase can be found here. Insiders own 6.00% of the company’s stock.

Dollar Tree Company 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.