Dollar Tree, Inc. $DLTR Shares Bought by Horizon Investments LLC

Horizon Investments LLC raised its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 5.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,905 shares of the company’s stock after buying an additional 140 shares during the period. Horizon Investments LLC’s holdings in Dollar Tree were worth $218,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Zions Bancorporation National Association UT acquired a new stake in Dollar Tree in the first quarter valued at $30,000. CX Institutional acquired a new stake in Dollar Tree in the first quarter valued at $43,000. Sentry Investment Management LLC acquired a new stake in Dollar Tree in the first quarter valued at $48,000. GeoWealth Management LLC acquired a new stake in Dollar Tree in the fourth quarter valued at $61,000. Finally, MassMutual Private Wealth & Trust FSB raised its stake in Dollar Tree by 121.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 974 shares of the company’s stock valued at $73,000 after buying an additional 534 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on DLTR shares. The Goldman Sachs Group cut Dollar Tree from a “strong-buy” rating to a “strong sell” rating in a research report on Thursday, June 5th. Barclays upgraded Dollar Tree from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $95.00 to $138.00 in a research report on Monday, July 21st. JPMorgan Chase & Co. lifted their target price on Dollar Tree from $111.00 to $138.00 and gave the stock an “overweight” rating in a research report on Monday, July 21st. Piper Sandler lifted their target price on Dollar Tree from $72.00 to $93.00 and gave the stock a “neutral” rating in a research report on Thursday, June 5th. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $95.00 target price on shares of Dollar Tree in a research report on Wednesday, June 4th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Dollar Tree presently has a consensus rating of “Hold” and an average price target of $99.89.

Dollar Tree Price Performance

Shares of DLTR opened at $112.06 on Tuesday. Dollar Tree, Inc. has a twelve month low of $60.49 and a twelve month high of $118.06. The stock’s 50 day moving average is $107.06 and its two-hundred day moving average is $87.74. The firm has a market capitalization of $23.39 billion, a PE ratio of -8.09, a P/E/G ratio of 2.43 and a beta of 0.88. The company has a current ratio of 1.04, a quick ratio of 0.72 and a debt-to-equity ratio of 0.62.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Wednesday, June 4th. The company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.21 by $0.05. The business had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.52 billion. Dollar Tree had a positive return on equity of 19.36% and a negative net margin of 12.15%. The company’s quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.43 EPS. Research analysts anticipate that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Dollar Tree announced that its Board of Directors has approved a stock buyback program on Wednesday, July 9th that permits the company to buyback $2.50 billion in outstanding shares. This buyback authorization permits the company to buy up to 11.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity at Dollar Tree

In other news, CMO Richard L. Mcneely sold 21,026 shares of the business’s stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $94.62, for a total transaction of $1,989,480.12. Following the sale, the chief marketing officer owned 50,419 shares of the company’s stock, valued at $4,770,645.78. The trade was a 29.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.60% of the stock is owned by company insiders.

Dollar Tree Company 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.