Dollar Tree, Inc. (NASDAQ:DLTR) Shares Acquired by OLD National Bancorp IN

OLD National Bancorp IN grew its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 23.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,869 shares of the company’s stock after acquiring an additional 540 shares during the period. OLD National Bancorp IN’s holdings in Dollar Tree were worth $408,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of DLTR. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Dollar Tree in the third quarter worth $26,000. Operose Advisors LLC acquired a new position in shares of Dollar Tree during the third quarter worth $34,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Dollar Tree during the fourth quarter worth $35,000. City State Bank grew its stake in shares of Dollar Tree by 200.0% during the fourth quarter. City State Bank now owns 300 shares of the company’s stock worth $43,000 after purchasing an additional 200 shares in the last quarter. Finally, Mendota Financial Group LLC acquired a new position in shares of Dollar Tree during the fourth quarter worth $52,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

Dollar Tree Price Performance

Shares of NASDAQ:DLTR opened at $122.39 on Thursday. The company has a 50-day simple moving average of $134.95 and a 200-day simple moving average of $128.86. Dollar Tree, Inc. has a one year low of $102.77 and a one year high of $161.10. The company has a quick ratio of 0.22, a current ratio of 1.31 and a debt-to-equity ratio of 0.47.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Wednesday, March 13th. The company reported $2.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.67 by ($0.12). The firm had revenue of $8.63 billion for the quarter, compared to analysts’ expectations of $8.66 billion. Dollar Tree had a positive return on equity of 15.11% and a negative net margin of 3.26%. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the prior year, the company earned $2.04 earnings per share. As a group, equities research analysts forecast that Dollar Tree, Inc. will post 6.91 EPS for the current year.

Insider Buying and Selling

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

Analysts Set New Price Targets

DLTR has been the subject of a number of analyst reports. StockNews.com upgraded shares of Dollar Tree from a “sell” rating to a “hold” rating in a research note on Wednesday, March 27th. TheStreet downgraded shares of Dollar Tree from a “b-” rating to a “c” rating in a research note on Wednesday, March 13th. JPMorgan Chase & Co. upped their price objective on shares of Dollar Tree from $144.00 to $152.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. Evercore ISI decreased their price objective on shares of Dollar Tree from $144.00 to $142.00 and set an “in-line” rating for the company in a research note on Tuesday, April 16th. Finally, Piper Sandler decreased their price objective on shares of Dollar Tree from $171.00 to $168.00 and set an “overweight” rating for the company in a research note on Thursday, March 14th. One analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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.