Crossmark Global Holdings Inc. Sells 10,421 Shares of Dollar Tree, Inc. $DLTR

Crossmark Global Holdings Inc. trimmed its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 21.3% during the fourth quarter, Holdings Channel reports. The fund owned 38,495 shares of the company’s stock after selling 10,421 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Dollar Tree were worth $4,735,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. NewEdge Advisors LLC raised its position in shares of Dollar Tree by 3,237.4% in the first quarter. NewEdge Advisors LLC now owns 13,750 shares of the company’s stock valued at $1,032,000 after purchasing an additional 13,338 shares during the period. Woodline Partners LP boosted its holdings in shares of Dollar Tree by 40.7% during the 1st quarter. Woodline Partners LP now owns 17,078 shares of the company’s stock worth $1,282,000 after buying an additional 4,941 shares during the period. Focus Partners Wealth grew its stake in Dollar Tree by 2.0% in the 1st quarter. Focus Partners Wealth now owns 10,646 shares of the company’s stock valued at $799,000 after buying an additional 213 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in Dollar Tree in the 2nd quarter valued at $257,000. Finally, CW Advisors LLC bought a new position in Dollar Tree in the 2nd quarter worth $264,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Dollar Tree Stock Performance

NASDAQ DLTR opened at $94.24 on Monday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.07 and a quick ratio of 0.29. The firm has a market capitalization of $18.35 billion, a price-to-earnings ratio of 15.08, a P/E/G ratio of 1.18 and a beta of 0.61. The company’s fifty day moving average is $107.70 and its two-hundred day moving average is $114.81. Dollar Tree, Inc. has a 52-week low of $84.71 and a 52-week high of $142.40.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Monday, March 16th. The company reported $2.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.53 by $0.03. Dollar Tree had a net margin of 6.61% and a return on equity of 32.24%. The company had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $5.46 billion. During the same quarter in the previous year, the firm posted $2.11 EPS. The business’s revenue was up 9.0% compared to the same quarter last year. Equities research analysts forecast that Dollar Tree, Inc. will post 6.75 EPS for the current year.

Analyst Upgrades and Downgrades

DLTR has been the subject of a number of recent analyst reports. Telsey Advisory Group restated an “outperform” rating and set a $150.00 price target on shares of Dollar Tree in a report on Tuesday, March 17th. Citigroup dropped their price objective on Dollar Tree from $132.00 to $125.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 17th. Truist Financial cut their price objective on Dollar Tree from $156.00 to $142.00 and set a “buy” rating for the company in a research report on Monday, March 16th. Bank of America increased their target price on Dollar Tree from $85.00 to $89.00 and gave the company an “underperform” rating in a research note on Monday, March 16th. Finally, BNP Paribas Exane lowered Dollar Tree from a “hold” rating to an “underperform” rating and set a $87.00 target price on the stock. in a report on Wednesday, January 21st. Eight investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have assigned a Sell rating to the company. Based on data from MarketBeat.com, Dollar Tree presently has a consensus rating of “Hold” and an average target price of $122.76.

Dollar Tree Profile

Dollar Tree, Inc is a North American discount retailer that operates a portfolio of value-oriented store banners, primarily Dollar Tree and Family Dollar. The company’s stores offer a broad assortment of everyday items at low price points, including household essentials, food and snacks, health and beauty products, cleaning supplies, seasonal and party goods, home décor, and basic apparel. Dollar Tree’s merchandising strategy emphasizes high-turnover branded and private-label merchandise tailored to budget-conscious consumers, with Family Dollar complementing the chain by offering a wider range of price points and assortment depth in smaller-format neighborhood locations.

Founded in 1986 and headquartered in Chesapeake, Virginia, Dollar Tree has grown through both organic store openings and acquisitions.