Leith Wheeler Investment Counsel Ltd. Takes $1.20 Million Position in Dollar Tree, Inc. (NASDAQ:DLTR)

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

Several other institutional investors also recently bought and sold shares of DLTR. Allworth Financial LP raised its position in shares of Dollar Tree by 629.6% during the 4th quarter. Allworth Financial LP now owns 197 shares of the company’s stock valued at $28,000 after buying an additional 170 shares in the last quarter. Missouri Trust & Investment Co bought a new position in shares of Dollar Tree during the 4th quarter valued at $31,000. Hanson & Doremus Investment Management bought a new position in shares of Dollar Tree during the 4th quarter valued at $32,000. Covestor Ltd bought a new position in shares of Dollar Tree during the 4th quarter valued at $32,000. Finally, CVA Family Office LLC bought a new position in shares of Dollar Tree during the 4th quarter valued at $33,000. Hedge funds and other institutional investors own 98.54% of the company’s stock.

Shares of Dollar Tree stock opened at $155.85 on Friday. The company has a 50-day simple moving average of $156.43 and a two-hundred day simple moving average of $148.95. Dollar Tree, Inc. has a 52-week low of $84.26 and a 52-week high of $177.19. The stock has a market capitalization of $35.00 billion, a PE ratio of 23.72, a price-to-earnings-growth ratio of 1.24 and a beta of 0.70. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.35 and a current ratio of 1.46.

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

Several research firms recently commented on DLTR. Truist Financial increased their target price on shares of Dollar Tree to $178.00 in a report on Friday, May 27th. Loop Capital raised shares of Dollar Tree from a “hold” rating to a “buy” rating and raised their price target for the stock from $140.00 to $200.00 in a report on Wednesday, March 9th. BMO Capital Markets raised their price target on shares of Dollar Tree from $180.00 to $187.00 in a report on Friday, May 27th. Citigroup raised their price target on shares of Dollar Tree from $162.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, May 31st. Finally, Telsey Advisory Group cut their price target on shares of Dollar Tree from $180.00 to $160.00 and set an “outperform” rating on the stock in a report on Tuesday, May 24th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $163.82.

In other news, insider David A. Jacobs sold 542 shares of Dollar Tree stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 17,085 shares in the company, valued at $2,698,404.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 5.80% of the company’s stock.

Dollar Tree 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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