Dollar Tree, Inc. (NASDAQ:DLTR) Shares Purchased by Signature Estate & Investment Advisors LLC

Signature Estate & Investment Advisors LLC raised its position in Dollar Tree, Inc. (NASDAQ:DLTR – Get Rating) by 2.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 14,754 shares of the company’s stock after acquiring an additional 375 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in Dollar Tree were worth $2,087,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Mantle Ridge LP raised its stake in Dollar Tree by 11,365,431.0% during the 1st quarter. Mantle Ridge LP now owns 11,365,531 shares of the company’s stock valued at $1,820,190,000 after acquiring an additional 11,365,431 shares in the last quarter. Capital International Investors grew its position in Dollar Tree by 18.2% in the 1st quarter. Capital International Investors now owns 3,562,857 shares of the company’s stock valued at $570,592,000 after buying an additional 548,597 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Dollar Tree by 13.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,440,243 shares of the company’s stock valued at $536,162,000 after buying an additional 411,897 shares during the period. Invesco Ltd. raised its position in shares of Dollar Tree by 69.3% during the 1st 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 in the last quarter. Finally, Primecap Management Co. CA lifted its stake in shares of Dollar Tree by 0.4% in the 3rd quarter. Primecap Management Co. CA now owns 1,542,015 shares of the company’s stock worth $209,868,000 after acquiring an additional 6,600 shares during the period. Institutional investors own 97.04% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on DLTR. Morgan Stanley raised their price objective on shares of Dollar Tree from $145.00 to $150.00 and gave the company an “equal weight” rating in a research note on Thursday, March 2nd. Barclays assumed coverage on Dollar Tree in a report on Tuesday, February 7th. They issued an “equal weight” rating and a $145.00 price objective for the company. Piper Sandler lifted their target price on Dollar Tree from $167.00 to $173.00 and gave the stock an “overweight” rating in a report on Tuesday, February 28th. Telsey Advisory Group reissued an “outperform” rating and issued a $165.00 price target on shares of Dollar Tree in a report on Thursday, March 2nd. Finally, Credit Suisse Group reaffirmed a “neutral” rating and issued a $150.00 price objective on shares of Dollar Tree in a research note on Thursday, March 2nd. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $166.80.

Insider Buying and Selling at Dollar Tree

In related news, CEO Richard W. Dreiling bought 7,100 shares of the firm’s stock in a transaction on Thursday, March 9th. The stock was bought at an average price of $142.00 per share, with a total value of $1,008,200.00. Following the purchase, the chief executive officer now directly owns 7,118 shares of the company’s stock, valued at approximately $1,010,756. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 5.80% of the company’s stock.

Dollar Tree Stock Performance

Shares of DLTR stock opened at $137.15 on Friday. The stock’s fifty day simple moving average is $146.43 and its 200-day simple moving average is $146.21. The company has a market capitalization of $30.34 billion, a price-to-earnings ratio of 19.02, a P/E/G ratio of 1.96 and a beta of 0.68. The company has a current ratio of 1.51, a quick ratio of 0.22 and a debt-to-equity ratio of 0.39. Dollar Tree, Inc. has a 1-year low of $124.76 and a 1-year high of $177.19.

Dollar Tree (NASDAQ:DLTR – Get Rating) last released its earnings results on Wednesday, March 1st. The company reported $2.04 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.01. The company had revenue of $7.72 billion for the quarter, compared to analysts’ expectations of $7.61 billion. Dollar Tree had a return on equity of 19.19% and a net margin of 5.70%. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.01 EPS. On average, sell-side analysts predict that Dollar Tree, Inc. will post 6.6 earnings per share for the current fiscal year.

About Dollar Tree

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Dollar Tree, Inc owns and operates discount variety stores offering merchandise at fixed prices. It operates through the Dollar Tree and Family Dollar segments. The Dollar Tree segment includes operations under Dollar Tree and Dollar Tree Canada brands, with its distribution centers in the United States and Canada.