Leith Wheeler Investment Counsel Ltd. Purchases New Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Leith Wheeler Investment Counsel Ltd. purchased a new stake in shares of Dollar Tree, Inc. (NASDAQ:DLTRGet Rating) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 7,477 shares of the company’s stock, valued at approximately $1,197,000.

Several other hedge funds have also made changes to their positions in DLTR. Morris Capital Advisors LLC lifted its stake in Dollar Tree by 0.4% in the 4th quarter. Morris Capital Advisors LLC now owns 19,179 shares of the company’s stock worth $2,695,000 after purchasing an additional 73 shares in the last quarter. Fortis Capital Management LLC lifted its stake in Dollar Tree by 1.1% in the 4th quarter. Fortis Capital Management LLC now owns 8,392 shares of the company’s stock worth $1,179,000 after purchasing an additional 89 shares in the last quarter. Louisiana State Employees Retirement System lifted its stake in Dollar Tree by 0.4% in the 4th quarter. Louisiana State Employees Retirement System now owns 26,100 shares of the company’s stock worth $3,667,000 after purchasing an additional 100 shares in the last quarter. Cardinal Capital Management lifted its stake in Dollar Tree by 0.4% in the 4th quarter. Cardinal Capital Management now owns 30,099 shares of the company’s stock worth $4,230,000 after purchasing an additional 106 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its stake in Dollar Tree by 6.1% in the 4th quarter. Quadrant Capital Group LLC now owns 2,060 shares of the company’s stock worth $289,000 after purchasing an additional 118 shares in the last quarter. Institutional investors own 98.54% of the company’s stock.

Several analysts have issued reports on DLTR shares. Citigroup increased their target price on shares of Dollar Tree from $162.00 to $190.00 and gave the stock a “buy” rating in a research note on Tuesday, May 31st. Piper Sandler raised their price objective on shares of Dollar Tree from $181.00 to $191.00 in a research report on Friday, May 27th. Barclays raised their price objective on shares of Dollar Tree from $140.00 to $150.00 and gave the company an “equal weight” rating in a research report on Friday, May 27th. Guggenheim raised their price objective on shares of Dollar Tree to $185.00 in a research report on Friday, May 27th. Finally, Telsey Advisory Group lowered their price objective on shares of Dollar Tree from $180.00 to $160.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 24th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, Dollar Tree presently has a consensus rating of “Moderate Buy” and an average target price of $163.82.

DLTR stock opened at $155.85 on Friday. The firm has a market cap of $35.00 billion, a P/E ratio of 23.72, a P/E/G ratio of 1.24 and a beta of 0.70. Dollar Tree, Inc. has a 52 week low of $84.26 and a 52 week high of $177.19. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.35 and a current ratio of 1.46. The firm’s fifty day moving average is $156.43 and its 200 day moving average is $148.95.

Dollar Tree (NASDAQ:DLTRGet Rating) last announced its quarterly earnings results on Thursday, May 26th. The company reported $2.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.00 by $0.37. The business had revenue of $6.90 billion for the quarter, compared to analyst estimates of $6.77 billion. Dollar Tree had a net margin of 5.57% and a return on equity of 19.71%. The company’s revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.60 EPS. As a group, analysts forecast that Dollar Tree, Inc. will post 8.15 EPS for the current year.

In other Dollar Tree news, insider David A. Jacobs sold 542 shares of the firm’s stock in a transaction on Thursday, April 7th. The shares were sold at an average price of $157.94, for a total value of $85,603.48. Following the sale, the insider now owns 17,085 shares of the company’s stock, valued at approximately $2,698,404.90. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 5.80% of the stock is owned by company insiders.

Dollar Tree Company Profile (Get Rating)

Dollar Tree, Inc operates discount variety retail stores. It 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, including candy and food, and health and personal care, as well as everyday consumables, such as household paper and chemicals, 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.

Further Reading

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Institutional Ownership by Quarter for Dollar Tree (NASDAQ:DLTR)

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