Xponance Inc. increases stake in Dollar Tree, Inc. (NASDAQ:DLTR)

Xponance Inc. increased its stake in Dollar Tree, Inc. (NASDAQ:DLTR – Free Report) up 3.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 27,885 shares of the company, after acquiring an additional 819 shares during the quarter. The interests of Xponance Inc. in Dollar Tree were worth $3,961,000 at the time of the most recent SEC filing.

Several other institutional investors and hedge funds have also recently changed their stock holdings. Federated Hermes Inc. increased its position in Dollar Tree by 61.9% during the 4th quarter. Federated Hermes Inc. now owns 11,963 shares of the company’s stock worth $1,699,000 after acquiring an additional 4,573 shares in the last quarter. Daiwa Securities Group Inc. increased its position in Dollar Tree shares by 3.6% during the fourth quarter. Daiwa Securities Group Inc. now owns 31,464 shares of the company’s stock worth $4,469,000, after purchasing an additional 1,103 shares in the last quarter. Tyche Wealth Partners LLC bought a new position in shares of Dollar Tree in the fourth quarter valued at $335,000. Desjardins Global Asset Management Inc. increased its stake in Dollar Tree shares by 9.3% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 1,355 shares of the company’s stock worth $192,000 after purchasing an additional 115 shares during the period. Finally, Wealth Alliance grew its stake in Dollar Tree by 4.5% in the fourth quarter. Wealth Alliance now owns 4,278 shares of the company’s stock, valued at $608,000, after purchasing an additional 183 shares in the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s shares.

Dollar tree trading drops 0.2%

NASDAQ DLTR opened at $122.03 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 1.31. Dollar Tree, Inc. has a one-year low of $102.77 and a one-year high of $161.10. The company has a 50-day simple moving average of $136.07 and a 200-day simple moving average of $128.51. The company has a market cap of $26.60 billion, a price-to-earnings ratio of -26.41, a price-to-earnings growth ratio of 1.15 and a beta of 0.90.

Dollar Tree (NASDAQ:DLTR – Get Free Report) posted its latest earnings results on Wednesday, March 13. The company reported $2.55 earnings per share for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.12). The company had revenue of $8.63 billion during 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 company’s revenue rose 11.9% year over year. In the same quarter of the previous year, the company earned earnings per share of $2.04. On average, stock analysts predict that Dollar Tree, Inc. will post earnings per share of 6.91 for the current year.

Analysts set new price targets

A number of stock analysts have commented on DLTR stock. Evercore ISI lowered their price objective on shares of Dollar Tree from $144.00 to $142.00 and set an “in-line” rating on the stock in a report on Tuesday, April 16. JPMorgan Chase & Co. raised their price target on Dollar Tree from $144.00 to $152.00 and gave the company an “overweight” rating in a report on Monday, April 15. Wells Fargo & Company lifted their price objective on Dollar Tree from $160.00 to $180.00 and gave the company an “overweight” rating in a research note on Monday, March 4. Guggenheim raised their price target on Dollar Tree from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, March 5. Finally, StockNews.com upgraded Dollar Tree from a “sell” rating to a “hold” rating in a research note on Wednesday, March 27. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, Dollar Tree has an average rating of “Moderate Buy” and an average price target of $150.05.

Get our latest research report on DLTR

Buying and selling with insider information

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

Dollar Tree Company Profile

(Free report)

Dollar Tree, Inc operates discount stores. The company operates in two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the flat price of $1.25. It offers consumables including daily consumables such as household paper and chemicals, food, candy, health care products, personal care products and frozen and chilled food; Miscellaneous merchandise consisting of toys, durable household items, gifts, stationery, party supplies, greeting cards, softlines, arts and crafts supplies and other items; and seasonal items, including merchandise for Christmas, Easter, Halloween and Valentine’s Day.

Also see

Would you like to see which other hedge funds own DLTR? Visit HoldingsChannel.com for the latest 13F filings and insider transactions for Dollar Tree, Inc. (NASDAQ:DLTR – Free Report).

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