Resonant Capital Advisors LLC Has $649,000 Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Resonant Capital Advisors LLC reduced its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 7.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,567 shares of the company’s stock after selling 358 shares during the period. Resonant Capital Advisors LLC’s holdings in Dollar Tree were worth $649,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. BlackRock Inc. increased its holdings in shares of Dollar Tree by 0.3% in the first quarter. BlackRock Inc. now owns 16,041,782 shares of the company’s stock valued at $2,302,798,000 after purchasing an additional 50,496 shares during the last quarter. Mantle Ridge LP grew its stake in shares of Dollar Tree by 11,365,431.0% in the first quarter. Mantle Ridge LP now owns 11,365,531 shares of the company’s stock valued at $1,820,190,000 after acquiring an additional 11,365,431 shares in the last quarter. State Street Corp grew its stake in shares of Dollar Tree by 8.4% in the first quarter. State Street Corp now owns 8,933,338 shares of the company’s stock valued at $1,282,378,000 after acquiring an additional 692,658 shares in the last quarter. Morgan Stanley grew its stake in shares of Dollar Tree by 95.9% in the fourth quarter. Morgan Stanley now owns 4,383,897 shares of the company’s stock valued at $620,059,000 after acquiring an additional 2,145,910 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. grew its stake in shares of Dollar Tree by 0.7% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,063,966 shares of the company’s stock valued at $574,808,000 after acquiring an additional 26,903 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Dollar Tree

In other news, CFO Jeffrey A. Davis bought 1,800 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was acquired at an average price of $136.00 per share, with a total value of $244,800.00. Following the transaction, the chief financial officer now owns 19,047 shares of the company’s stock, valued at approximately $2,590,392. The acquisition was disclosed in a document filed with the SEC, which is available through this link. In related news, Director Daniel J. Heinrich acquired 1,000 shares of Dollar Tree stock in a transaction dated Monday, March 18th. The stock was bought at an average price of $127.85 per share, with a total value of $127,850.00. Following the transaction, the director now directly owns 6,225 shares in the company, valued at approximately $795,866.25. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Jeffrey A. Davis acquired 1,800 shares of Dollar Tree stock in a transaction dated Monday, April 1st. The shares were bought at an average cost of $136.00 per share, with a total value of $244,800.00. Following the transaction, the chief financial officer now owns 19,047 shares in the company, valued at $2,590,392. The disclosure for this purchase can be found here. Insiders own 6.00% of the company’s stock.

Dollar Tree Trading Down 0.2 %

Shares of NASDAQ DLTR opened at $122.03 on Friday. The company has a 50 day simple moving average of $136.07 and a 200 day simple moving average of $128.34. Dollar Tree, Inc. has a 1 year low of $102.77 and a 1 year high of $161.10. The company has a current ratio of 1.31, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47.

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

Wall Street Analyst Weigh In

DLTR has been the topic of several research reports. Loop Capital decreased their price target on shares of Dollar Tree from $195.00 to $170.00 and set a “buy” rating on the stock in a research note on Thursday, March 14th. BMO Capital Markets cut their price objective on shares of Dollar Tree from $170.00 to $160.00 and set an “outperform” rating for the company in a research report on Thursday, March 14th. StockNews.com raised shares of Dollar Tree from a “sell” rating to a “hold” rating in a research report on Wednesday, March 27th. Gordon Haskett cut shares of Dollar Tree from a “buy” rating to a “hold” rating and cut their price objective for the stock from $150.00 to $140.00 in a research report on Wednesday, April 3rd. Finally, Evercore ISI cut 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 report on Tuesday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $150.05.

Dollar Tree Profile

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.