Montag A & Associates Inc. Purchases 619 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Montag A & Associates Inc. increased its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 11.0% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 6,223 shares of the company’s stock after buying an additional 619 shares during the quarter. Montag A & Associates Inc.’s holdings in Dollar Tree were worth $829,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of DLTR. ICA Group Wealth Management LLC bought a new stake in Dollar Tree in the 4th quarter worth approximately $26,000. United Community Bank bought a new stake in Dollar Tree in the 4th quarter worth approximately $27,000. Register Financial Advisors LLC bought a new stake in Dollar Tree in the 1st quarter worth approximately $28,000. Turtle Creek Wealth Advisors LLC bought a new stake in Dollar Tree in the 4th quarter worth approximately $35,000. Finally, City State Bank lifted its position in Dollar Tree by 200.0% in the 4th quarter. City State Bank now owns 300 shares of the company’s stock worth $43,000 after buying an additional 200 shares during the last quarter. Institutional investors own 97.40% of the company’s stock.

Insiders Place Their Bets

In other news, insider Robert Aflatooni sold 827 shares of Dollar Tree stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $105.58, for a total transaction of $87,314.66. Following the transaction, the insider now directly owns 9,725 shares of the company’s stock, valued at approximately $1,026,765.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 6.80% of the company’s stock.

Dollar Tree Stock Down 3.0 %

Shares of NASDAQ:DLTR traded down $3.19 on Monday, hitting $104.17. 1,227,736 shares of the company traded hands, compared to its average volume of 2,764,572. Dollar Tree, Inc. has a 52 week low of $101.83 and a 52 week high of $154.96. The company has a quick ratio of 0.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.47. The stock has a 50 day simple moving average of $111.85 and a 200-day simple moving average of $126.46. The company has a market cap of $22.39 billion, a PE ratio of -22.74, a PEG ratio of 1.15 and a beta of 0.88.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Wednesday, June 5th. The company reported $1.43 EPS for the quarter, meeting the consensus estimate of $1.43. Dollar Tree had a positive return on equity of 15.67% and a negative net margin of 3.23%. The company had revenue of $7.63 billion for the quarter, compared to analysts’ expectations of $7.63 billion. During the same period last year, the firm posted $1.47 earnings per share. Dollar Tree’s revenue was up 4.2% compared to the same quarter last year. As a group, research analysts expect that Dollar Tree, Inc. will post 6.63 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have weighed in on the company. Citigroup downgraded Dollar Tree from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $163.00 to $120.00 in a research report on Thursday, June 6th. Truist Financial lowered their price objective on Dollar Tree from $147.00 to $140.00 and set a “buy” rating for the company in a research report on Thursday, June 6th. Wells Fargo & Company lowered their price objective on Dollar Tree from $180.00 to $160.00 and set an “overweight” rating for the company in a research report on Thursday, June 6th. Morgan Stanley lowered their price objective on Dollar Tree from $135.00 to $130.00 and set an “equal weight” rating for the company in a research report on Thursday, June 6th. Finally, BMO Capital Markets reduced their target price on Dollar Tree from $150.00 to $145.00 and set an “outperform” rating on the stock in a research note on Thursday, June 6th. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $142.45.

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.