McIlrath & Eck LLC Has $60,000 Stock Position in Dollar Tree, Inc. (NASDAQ:DLTR)

McIlrath & Eck LLC grew its position in Dollar Tree, Inc. (NASDAQ:DLTRGet Rating) by 460.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 426 shares of the company’s stock after buying an additional 350 shares during the quarter. McIlrath & Eck LLC’s holdings in Dollar Tree were worth $60,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in DLTR. Marathon Asset Mgmt Ltd purchased a new stake in shares of Dollar Tree in the fourth quarter worth approximately $115,266,000. UBS Asset Management Americas Inc. lifted its position in shares of Dollar Tree by 40.5% in the third quarter. UBS Asset Management Americas Inc. now owns 2,846,414 shares of the company’s stock worth $272,459,000 after purchasing an additional 820,125 shares in the last quarter. Natixis lifted its position in shares of Dollar Tree by 27,605.4% in the third quarter. Natixis now owns 793,761 shares of the company’s stock worth $75,979,000 after purchasing an additional 790,896 shares in the last quarter. Bank of Nova Scotia lifted its position in shares of Dollar Tree by 2,142.8% in the third quarter. Bank of Nova Scotia now owns 787,918 shares of the company’s stock worth $75,420,000 after purchasing an additional 752,787 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of Dollar Tree by 20.0% in the third quarter. Wellington Management Group LLP now owns 3,553,656 shares of the company’s stock worth $340,155,000 after purchasing an additional 591,084 shares in the last quarter. Institutional investors own 92.75% of the company’s stock.

Shares of Dollar Tree stock traded down $4.66 during trading on Friday, reaching $162.45. The company’s stock had a trading volume of 1,583,767 shares, compared to its average volume of 2,126,827. The stock has a 50-day moving average price of $156.58 and a two-hundred day moving average price of $138.64. The company has a current ratio of 1.34, a quick ratio of 0.30 and a debt-to-equity ratio of 0.44. Dollar Tree, Inc. has a one year low of $84.26 and a one year high of $177.19. The stock has a market capitalization of $36.57 billion, a P/E ratio of 28.01, a price-to-earnings-growth ratio of 1.35 and a beta of 0.75.

Dollar Tree (NASDAQ:DLTRGet Rating) last announced its quarterly earnings data on Wednesday, March 2nd. The company reported $2.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.79 by $0.22. The firm had revenue of $7.08 billion during the quarter, compared to analysts’ expectations of $7.12 billion. Dollar Tree had a return on equity of 18.07% and a net margin of 5.05%. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the business posted $2.13 EPS. As a group, sell-side analysts anticipate that Dollar Tree, Inc. will post 7.91 EPS for the current fiscal year.

In related news, Director Daniel J. Heinrich bought 425 shares of the firm’s stock in a transaction dated Monday, March 28th. The stock was bought at an average cost of $156.09 per share, for a total transaction of $66,338.25. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider David A. Jacobs sold 542 shares of the business’s stock in a transaction dated Thursday, April 7th. The stock was sold at an average price of $157.94, for a total value of $85,603.48. Following the transaction, the insider now owns 17,085 shares of the company’s stock, valued at $2,698,404.90. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.

Several equities analysts recently weighed in on the stock. Truist Financial initiated coverage on shares of Dollar Tree in a research report on Thursday, January 13th. They set a “buy” rating and a $162.00 price objective on the stock. Telsey Advisory Group increased their price target on Dollar Tree from $175.00 to $180.00 and gave the company an “outperform” rating in a report on Wednesday, February 23rd. Guggenheim increased their price target on Dollar Tree from $165.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, March 3rd. BMO Capital Markets upgraded Dollar Tree from a “market perform” rating to an “outperform” rating and increased their price target for the company from $155.00 to $170.00 in a report on Monday, February 28th. Finally, Piper Sandler upgraded Dollar Tree from a “neutral” rating to an “overweight” rating and increased their price target for the company from $157.00 to $181.00 in a report on Wednesday, March 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Dollar Tree currently has a consensus rating of “Buy” and an average target price of $154.70.

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.

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Institutional Ownership by Quarter for Dollar Tree (NASDAQ:DLTR)

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