Dollar Tree, Inc. (NASDAQ:DLTR) Shares Sold by Connectus Wealth LLC

Connectus Wealth LLC lowered its position in shares of Dollar Tree, Inc. (NASDAQ:DLTRGet Rating) by 18.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,026 shares of the company’s stock after selling 1,107 shares during the period. Connectus Wealth LLC’s holdings in Dollar Tree were worth $706,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Missouri Trust & Investment Co acquired a new stake in shares of Dollar Tree during the fourth quarter worth about $31,000. Exchange Traded Concepts LLC increased its position in Dollar Tree by 372.9% in the 1st quarter. Exchange Traded Concepts LLC now owns 227 shares of the company’s stock valued at $36,000 after acquiring an additional 179 shares during the period. Covestor Ltd acquired a new position in Dollar Tree in the 4th quarter valued at about $32,000. Allegheny Financial Group LTD acquired a new position in Dollar Tree in the 4th quarter valued at about $46,000. Finally, UMB Bank N A MO acquired a new position in Dollar Tree in the 4th quarter valued at about $54,000. Institutional investors and hedge funds own 98.54% of the company’s stock.

Dollar Tree Price Performance

Shares of NASDAQ:DLTR opened at $164.97 on Friday. The business’s 50 day simple moving average is $161.57 and its 200-day simple moving average is $154.03. The firm has a market capitalization of $37.05 billion, a price-to-earnings ratio of 25.11, a price-to-earnings-growth ratio of 1.28 and a beta of 0.68. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.46 and a quick ratio of 0.35. Dollar Tree, Inc. has a 12 month low of $84.26 and a 12 month high of $177.19.

Dollar Tree (NASDAQ:DLTRGet Rating) last announced its quarterly earnings results on Thursday, May 26th. The company reported $2.37 EPS for the quarter, topping the consensus estimate of $1.98 by $0.39. The business had revenue of $6.90 billion for the quarter, compared to analyst estimates of $6.77 billion. Dollar Tree had a return on equity of 19.71% and a net margin of 5.57%. The company’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.60 EPS. As a group, equities analysts forecast that Dollar Tree, Inc. will post 8.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Morgan Stanley boosted their price target on Dollar Tree from $150.00 to $160.00 and gave the company an “equal weight” rating in a research report on Friday, May 27th. Citigroup boosted their price target on Dollar Tree from $162.00 to $190.00 and gave the company a “buy” rating in a research report on Tuesday, May 31st. Barclays boosted their price target on Dollar Tree from $140.00 to $150.00 and gave the company an “equal weight” rating in a research report on Friday, May 27th. Piper Sandler boosted their price target on Dollar Tree from $181.00 to $191.00 in a research report on Friday, May 27th. Finally, Telsey Advisory Group dropped their price target on Dollar Tree from $180.00 to $160.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 24th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $163.82.

Dollar Tree Company Profile

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Dollar Tree, Inc operates discount variety retail stores. It 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, including candy and food, and health and personal care, as well as everyday consumables, such as household paper and chemicals, 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.

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Institutional Ownership by Quarter for Dollar Tree (NASDAQ:DLTR)

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