Greenleaf Trust Buys New Shares in Dollar Tree, Inc. (NASDAQ:DLTR)

Greenleaf Trust bought a new stake in Dollar Tree, Inc. (NASDAQ:DLTR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,303 shares of the company’s stock, valued at approximately $327,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Xponance Inc. increased its stake in Dollar Tree by 3.0% in the fourth quarter. Xponance Inc. now owns 27,885 shares of the company’s stock valued at $3,961,000 after acquiring an additional 819 shares during the last quarter. Federated Hermes Inc. increased its stake in Dollar Tree by 61.9% in the fourth quarter. Federated Hermes Inc. now owns 11,963 shares of the company’s stock valued at $1,699,000 after acquiring an additional 4,573 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in Dollar Tree by 3.6% in the fourth quarter. Daiwa Securities Group Inc. now owns 31,464 shares of the company’s stock valued at $4,469,000 after acquiring an additional 1,103 shares during the last quarter. Tyche Wealth Partners LLC bought a new position in shares of Dollar Tree during the fourth quarter valued at about $335,000. Finally, Desjardins Global Asset Management Inc. grew its stake in shares of Dollar Tree by 9.3% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 1,355 shares of the company’s stock valued at $192,000 after buying an additional 115 shares during the last quarter. Institutional investors own 97.40% of the company’s stock.

Dollar Tree Stock Performance

Shares of DLTR opened at $122.56 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.31 and a quick ratio of 0.22. Dollar Tree, Inc. has a one year low of $102.77 and a one year high of $161.10. The company has a 50-day simple moving average of $135.30 and a two-hundred day simple moving average of $128.91. The firm has a market capitalization of $26.72 billion, a PE ratio of -26.53, a price-to-earnings-growth ratio of 1.15 and a beta of 0.90.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Wednesday, March 13th. The company reported $2.55 EPS for the quarter, missing the consensus estimate of $2.67 by ($0.12). Dollar Tree had a positive return on equity of 15.11% and a negative net margin of 3.26%. The company had revenue of $8.63 billion during the quarter, compared to analysts’ expectations of $8.66 billion. During the same quarter last year, the business earned $2.04 earnings per share. The business’s quarterly revenue was up 11.9% on a year-over-year basis. On average, analysts anticipate that Dollar Tree, Inc. will post 6.91 EPS for the current fiscal year.

Insider Activity

In other news, CFO Jeffrey A. Davis acquired 1,800 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was bought at an average cost of $136.00 per share, for a total transaction of $244,800.00. Following the acquisition, the chief financial officer now directly owns 19,047 shares in the company, valued at $2,590,392. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CFO Jeffrey A. Davis acquired 1,800 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was bought at an average cost of $136.00 per share, for a total transaction of $244,800.00. Following the acquisition, the chief financial officer now directly owns 19,047 shares in the company, valued at $2,590,392. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel J. Heinrich acquired 1,000 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The stock was purchased at an average price of $127.85 per share, with a total value of $127,850.00. Following the completion of the acquisition, the director now owns 6,225 shares in the company, valued at $795,866.25. The disclosure for this purchase can be found here. Company insiders own 6.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DLTR. Evercore ISI reduced their price objective on Dollar Tree from $144.00 to $142.00 and set an “in-line” rating on the stock in a research note on Tuesday, April 16th. Piper Sandler reduced their price objective on Dollar Tree from $171.00 to $168.00 and set an “overweight” rating on the stock in a research note on Thursday, March 14th. Jefferies Financial Group reduced their price objective on Dollar Tree from $130.00 to $128.00 in a research note on Thursday, March 14th. BMO Capital Markets reduced their price objective on Dollar Tree from $170.00 to $160.00 and set an “outperform” rating on the stock in a research note on Thursday, March 14th. Finally, JPMorgan Chase & Co. raised their price objective on Dollar Tree from $144.00 to $152.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $150.05.

About Dollar Tree

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.