Fiduciary Group LLC Invests $203,000 in Dollar Tree, Inc. (NASDAQ:DLTR)

Fiduciary Group LLC bought a new position in Dollar Tree, Inc. (NASDAQ:DLTR) in the fourth quarter, Holdings Channel.com reports. The firm bought 1,430 shares of the company’s stock, valued at approximately $203,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in DLTR. Live Oak Private Wealth LLC raised its holdings in Dollar Tree by 56.8% in the 3rd quarter. Live Oak Private Wealth LLC now owns 95,074 shares of the company’s stock valued at $10,121,000 after buying an additional 34,432 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in Dollar Tree by 13.5% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 34,812 shares of the company’s stock valued at $3,706,000 after buying an additional 4,129 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in Dollar Tree by 71.2% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 26,894 shares of the company’s stock valued at $2,863,000 after buying an additional 11,188 shares during the last quarter. Xponance Inc. raised its holdings in Dollar Tree by 4.3% in the 3rd quarter. Xponance Inc. now owns 27,066 shares of the company’s stock valued at $2,881,000 after buying an additional 1,116 shares during the last quarter. Finally, Raymond James & Associates raised its holdings in Dollar Tree by 2.2% in the 3rd quarter. Raymond James & Associates now owns 111,442 shares of the company’s stock valued at $11,863,000 after buying an additional 2,434 shares during the last quarter. Institutional investors own 97.40% of the company’s stock.

Insider Buying and Selling at Dollar Tree

In other Dollar Tree news, CFO Jeffrey A. Davis bought 1,800 shares of the business’s stock in a transaction on Monday, April 1st. The stock was purchased at an average price of $136.00 per share, for a total transaction 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 $2,590,392. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Daniel J. Heinrich bought 1,000 shares of the business’s stock in a transaction on Monday, March 18th. The stock was acquired 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 in the company, valued at $795,866.25. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jeffrey A. Davis purchased 1,800 shares of the stock in a transaction dated 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 acquisition, the chief financial officer now owns 19,047 shares of the company’s stock, valued at approximately $2,590,392. The disclosure for this purchase can be found here. Insiders own 6.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on DLTR. Telsey Advisory Group reiterated an “outperform” rating and issued a $160.00 price objective on shares of Dollar Tree in a report on Thursday, March 14th. Truist Financial lowered their price target on shares of Dollar Tree from $149.00 to $147.00 and set a “buy” rating for the company in a report on Thursday, March 14th. Jefferies Financial Group lowered their price target on shares of Dollar Tree from $130.00 to $128.00 in a report on Thursday, March 14th. StockNews.com upgraded shares of Dollar Tree from a “sell” rating to a “hold” rating in a report on Wednesday, March 27th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Dollar Tree from $144.00 to $152.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $150.05.

Dollar Tree Trading Down 2.4 %

NASDAQ:DLTR opened at $118.81 on Tuesday. The firm’s 50 day moving average is $133.62 and its 200 day moving average is $129.31. Dollar Tree, Inc. has a 12 month low of $102.77 and a 12 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.

Dollar Tree (NASDAQ:DLTR) last issued 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 firm had revenue of $8.63 billion during 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 business’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.04 earnings per share. Equities research analysts expect that Dollar Tree, Inc. will post 6.91 earnings per share for the current fiscal year.

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.