Leith Wheeler Investment Counsel Ltd. raised its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR – Get Rating) by 20.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,477 shares of the company’s stock after buying an additional 4,720 shares during the period. Leith Wheeler Investment Counsel Ltd.’s holdings in Dollar Tree were worth $3,886,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently modified their holdings of the company. Wipfli Financial Advisors LLC acquired a new stake in shares of Dollar Tree during the third quarter worth approximately $217,000. Walleye Capital LLC increased its holdings in shares of Dollar Tree by 73.0% during the second quarter. Walleye Capital LLC now owns 22,294 shares of the company’s stock worth $3,475,000 after buying an additional 9,404 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Dollar Tree by 25.0% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 9,424 shares of the company’s stock worth $1,469,000 after buying an additional 1,884 shares in the last quarter. MQS Management LLC increased its holdings in shares of Dollar Tree by 31.0% during the third quarter. MQS Management LLC now owns 1,805 shares of the company’s stock worth $246,000 after buying an additional 427 shares in the last quarter. Finally, Gateway Investment Advisers LLC grew its stake in shares of Dollar Tree by 11.0% during the third quarter. Gateway Investment Advisers LLC now owns 4,175 shares of the company’s stock valued at $568,000 after purchasing an additional 414 shares during the last quarter. Institutional investors and hedge funds own 97.04% of the company’s stock.
Insider Transactions at Dollar Tree
In related news, CEO Richard W. Dreiling acquired 7,100 shares of the company’s stock in a transaction that occurred on Thursday, March 9th. The shares were acquired at an average cost of $142.00 per share, for a total transaction of $1,008,200.00. Following the completion of the acquisition, the chief executive officer now directly owns 7,118 shares in the company, valued at approximately $1,010,756. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 5.80% of the company’s stock.
Dollar Tree Trading Down 1.3 %
Dollar Tree (NASDAQ:DLTR – Get Rating) last announced its quarterly earnings results on Wednesday, March 1st. The company reported $2.04 earnings per share for the quarter, topping analysts’ consensus estimates 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 net margin of 5.70% and a return on equity of 19.19%. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period last year, the firm posted $2.01 earnings per share. As a group, equities research analysts expect that Dollar Tree, Inc. will post 6.6 EPS for the current year.
Analyst Upgrades and Downgrades
DLTR has been the topic of several research analyst reports. Truist Financial decreased their price target on shares of Dollar Tree from $170.00 to $164.00 and set a “buy” rating on the stock in a research note on Thursday, March 2nd. StockNews.com initiated coverage on shares of Dollar Tree in a research note on Thursday. They set a “hold” rating on the stock. Morgan Stanley increased their price target 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. Evercore ISI decreased their price target on shares of Dollar Tree from $170.00 to $160.00 in a research note on Wednesday, November 23rd. Finally, Gordon Haskett cut shares of Dollar Tree from a “buy” rating to an “accumulate” rating and set a $163.00 price target on the stock. in a research note on Tuesday, January 24th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $166.80.
About Dollar Tree
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.
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