Fiduciary Group LLC Invests $203,000 in Dollar Tree, Inc. (NASDAQ:DLTR)

Fiduciary Group LLC bought a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,430 shares of the company’s stock, valued at approximately $203,000.

Several other hedge funds and other institutional investors have also made changes to their positions in DLTR. Intact Investment Management Inc. acquired a new position in Dollar Tree during the fourth quarter worth approximately $710,000. Russell Investments Group Ltd. increased its position in Dollar Tree by 20.8% during the fourth quarter. Russell Investments Group Ltd. now owns 59,266 shares of the company’s stock worth $8,422,000 after buying an additional 10,202 shares during the period. Truist Financial Corp increased its position in Dollar Tree by 1,581.5% during the fourth quarter. Truist Financial Corp now owns 205,113 shares of the company’s stock worth $29,136,000 after buying an additional 192,915 shares during the period. Bahl & Gaynor Inc. purchased a new position in shares of Dollar Tree in the 4th quarter valued at approximately $213,000. Finally, Bryn Mawr Capital Management LLC grew its stake in shares of Dollar Tree by 42.8% in the 4th quarter. Bryn Mawr Capital Management LLC now owns 3,464 shares of the company’s stock valued at $492,000 after purchasing an additional 1,038 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Analyst Ratings Changes

DLTR has been the topic of several analyst reports. Guggenheim lifted their target price on Dollar Tree from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. BMO Capital Markets decreased their price target on Dollar Tree from $170.00 to $160.00 and set an “outperform” rating on the stock in a research note on Thursday, March 14th. Loop Capital decreased their price target on Dollar Tree from $195.00 to $170.00 and set a “buy” rating on the stock in a research note on Thursday, March 14th. Telsey Advisory Group reiterated an “outperform” rating and set a $160.00 target price on shares of Dollar Tree in a research report on Thursday, March 14th. Finally, Gordon Haskett downgraded Dollar Tree from a “buy” rating to a “hold” rating and decreased their target price for the stock from $150.00 to $140.00 in a research report on Wednesday, April 3rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $150.05.

Dollar Tree Price Performance

Shares of Dollar Tree stock opened at $118.81 on Tuesday. The company has a fifty day moving average price of $133.62 and a 200 day moving average price of $129.31. The company has a quick ratio of 0.22, a current ratio of 1.31 and a debt-to-equity ratio of 0.47. Dollar Tree, Inc. has a twelve month low of $102.77 and a twelve month high of $161.10.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly 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). Dollar Tree had a positive return on equity of 15.11% and a negative net margin of 3.26%. The business had revenue of $8.63 billion for the quarter, compared to analysts’ expectations of $8.66 billion. During the same period last year, the company posted $2.04 earnings per share. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. Equities analysts expect that Dollar Tree, Inc. will post 6.91 EPS for the current fiscal year.

Insiders Place Their Bets

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

About Dollar Tree

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.