Legacy Capital Wealth Partners LLC Sells 245 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Legacy Capital Wealth Partners LLC lowered its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 10.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,995 shares of the company’s stock after selling 245 shares during the period. Legacy Capital Wealth Partners LLC’s holdings in Dollar Tree were worth $283,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in DLTR. Ameriprise Financial Inc. grew its holdings in Dollar Tree by 139.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,260,780 shares of the company’s stock valued at $134,202,000 after buying an additional 734,229 shares in the last quarter. Mondrian Investment Partners LTD grew its holdings in shares of Dollar Tree by 358.8% in the third quarter. Mondrian Investment Partners LTD now owns 828,322 shares of the company’s stock valued at $88,175,000 after purchasing an additional 647,800 shares in the last quarter. Toronto Dominion Bank increased its position in Dollar Tree by 137.5% in the third quarter. Toronto Dominion Bank now owns 1,100,981 shares of the company’s stock worth $117,199,000 after purchasing an additional 637,357 shares during the last quarter. Invesco Ltd. raised its stake in Dollar Tree by 24.7% during the third quarter. Invesco Ltd. now owns 1,966,962 shares of the company’s stock valued at $209,383,000 after purchasing an additional 389,718 shares in the last quarter. Finally, Palestra Capital Management LLC purchased a new stake in Dollar Tree during the third quarter valued at $23,813,000. 97.40% of the stock is currently owned by institutional investors.

Insider Activity

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

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Jefferies Financial Group cut their price objective on shares of Dollar Tree from $130.00 to $128.00 in a research report on Thursday, March 14th. Telsey Advisory Group reissued an “outperform” rating and issued a $160.00 price objective on shares of Dollar Tree in a research note on Thursday, March 14th. Oppenheimer reiterated a “market perform” rating on shares of Dollar Tree in a report on Monday, March 4th. Guggenheim upped their price objective on shares of Dollar Tree from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, March 5th. Finally, JPMorgan Chase & Co. raised their target price on shares of Dollar Tree from $144.00 to $152.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $150.05.

Dollar Tree Trading Down 2.4 %

Dollar Tree stock opened at $118.81 on Tuesday. The stock has a 50-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 52 week low of $102.77 and a 52 week high of $161.10.

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

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.