Spire Wealth Management Reduces Stake in Dollar Tree, Inc. (NASDAQ:DLTR)

Spire Wealth Management decreased its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTRFree Report) by 11.4% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 941 shares of the company’s stock after selling 121 shares during the period. Spire Wealth Management’s holdings in Dollar Tree were worth $125,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in DLTR. NBC Securities Inc. raised its holdings in shares of Dollar Tree by 7.1% in the 4th quarter. NBC Securities Inc. now owns 1,150 shares of the company’s stock valued at $163,000 after acquiring an additional 76 shares in the last quarter. Horrell Capital Management Inc. raised its holdings in shares of Dollar Tree by 0.3% in the 4th quarter. Horrell Capital Management Inc. now owns 29,224 shares of the company’s stock valued at $4,151,000 after acquiring an additional 94 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Dollar Tree by 4.0% in the 1st quarter. GAMMA Investing LLC now owns 2,515 shares of the company’s stock valued at $335,000 after acquiring an additional 96 shares in the last quarter. Independence Bank of Kentucky raised its holdings in shares of Dollar Tree by 15.0% in the 4th quarter. Independence Bank of Kentucky now owns 759 shares of the company’s stock valued at $108,000 after acquiring an additional 99 shares in the last quarter. Finally, 1ST Source Bank raised its holdings in shares of Dollar Tree by 4.6% in the 3rd quarter. 1ST Source Bank now owns 2,396 shares of the company’s stock valued at $255,000 after acquiring an additional 106 shares in the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Dollar Tree Stock Performance

Dollar Tree stock traded down $3.83 during mid-day trading on Monday, reaching $113.48. 2,912,259 shares of the stock traded hands, compared to its average volume of 2,682,843. The stock has a market capitalization of $24.76 billion, a PE ratio of -24.56, a price-to-earnings-growth ratio of 1.10 and a beta of 0.92. 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 12-month low of $102.77 and a 12-month high of $161.04. The business’s 50-day moving average is $125.22 and its 200-day moving average is $130.23.

Dollar Tree (NASDAQ:DLTRGet Free Report) last released 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). Dollar Tree had a negative net margin of 3.26% and a positive return on equity of 15.11%. The company had revenue of $8.63 billion for the quarter, compared to the consensus estimate of $8.66 billion. During the same period in the prior year, the firm posted $2.04 EPS. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. As a group, sell-side analysts predict that Dollar Tree, Inc. will post 6.92 EPS for the current fiscal year.

Insider Activity at Dollar Tree

In other news, Director Daniel J. Heinrich purchased 1,000 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The stock was bought at an average cost of $127.85 per share, with a total value of $127,850.00. Following the completion of the purchase, the director now owns 6,225 shares in the company, valued at $795,866.25. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Daniel J. Heinrich acquired 1,000 shares of the firm’s stock in a transaction on Monday, March 18th. The shares were acquired at an average cost 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 in the company, valued at approximately $795,866.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Jeffrey A. Davis acquired 1,800 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were bought at an average price of $136.00 per share, for a total transaction of $244,800.00. Following the completion of the transaction, the chief financial officer now owns 19,047 shares of the company’s stock, valued at $2,590,392. The disclosure for this purchase can be found here. 6.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Loop Capital decreased their price objective on Dollar Tree from $195.00 to $170.00 and set a “buy” rating on the stock in a report on Thursday, March 14th. Oppenheimer reiterated a “market perform” rating on shares of Dollar Tree in a research report on Monday, March 4th. Jefferies Financial Group cut their price objective on Dollar Tree from $130.00 to $128.00 in a research report on Thursday, March 14th. Telsey Advisory Group reiterated an “outperform” rating and issued a $160.00 price objective on shares of Dollar Tree in a research report on Thursday, March 14th. Finally, Truist Financial cut their price objective on Dollar Tree from $149.00 to $147.00 and set a “buy” rating on the stock in a research report on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Dollar Tree currently has a consensus rating of “Moderate Buy” and a consensus target price of $150.05.

Read Our Latest Stock Analysis on Dollar Tree

Dollar Tree Profile

(Free Report)

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.

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

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