HB Wealth Management LLC Buys 199 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

HB Wealth Management LLC increased its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 7.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,011 shares of the company’s stock after acquiring an additional 199 shares during the quarter. HB Wealth Management LLC’s holdings in Dollar Tree were worth $401,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Capital World Investors grew its holdings in shares of Dollar Tree by 2.8% in the fourth quarter. Capital World Investors now owns 17,608,690 shares of the company’s stock valued at $2,501,314,000 after purchasing an additional 487,180 shares in the last quarter. Capital International Investors lifted its holdings in shares of Dollar Tree by 30.1% in the 4th quarter. Capital International Investors now owns 10,581,632 shares of the company’s stock valued at $1,503,123,000 after acquiring an additional 2,445,827 shares during the last quarter. FIL Ltd increased its stake in Dollar Tree by 96.0% during the fourth quarter. FIL Ltd now owns 3,197,638 shares of the company’s stock worth $454,224,000 after acquiring an additional 1,566,392 shares during the last quarter. Wellington Management Group LLP increased its stake in Dollar Tree by 2.6% during the fourth quarter. Wellington Management Group LLP now owns 2,881,772 shares of the company’s stock worth $409,356,000 after acquiring an additional 73,588 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in Dollar Tree by 15.3% during the fourth quarter. Franklin Resources Inc. now owns 2,565,533 shares of the company’s stock valued at $364,434,000 after purchasing an additional 340,461 shares during the period. 97.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DLTR. TheStreet lowered Dollar Tree from a “b-” rating to a “c” rating in a report on Wednesday, March 13th. Telsey Advisory Group dropped their price target on shares of Dollar Tree from $160.00 to $155.00 and set an “outperform” rating for the company in a research note on Thursday, June 6th. Loop Capital reduced their price objective on shares of Dollar Tree from $195.00 to $170.00 and set a “buy” rating on the stock in a research report on Thursday, March 14th. Morgan Stanley dropped their target price on Dollar Tree from $135.00 to $130.00 and set an “equal weight” rating for the company in a research report on Thursday, June 6th. Finally, Wells Fargo & Company dropped their price objective on Dollar Tree from $180.00 to $160.00 and set an “overweight” rating for the company in a report on Thursday, June 6th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Dollar Tree currently has a consensus rating of “Moderate Buy” and an average price target of $142.45.

Insider Activity at Dollar Tree

In other Dollar Tree news, insider Robert Aflatooni sold 827 shares of the business’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $105.58, for a total value of $87,314.66. Following the transaction, the insider now directly owns 9,725 shares in the company, valued at approximately $1,026,765.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 6.80% of the stock is currently owned by insiders.

Dollar Tree Stock Performance

Shares of NASDAQ:DLTR traded up $0.39 during trading on Friday, hitting $106.34. 450,403 shares of the stock traded hands, compared to its average volume of 2,787,538. The company has a quick ratio of 0.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.47. The company has a fifty day moving average price of $113.53 and a two-hundred day moving average price of $127.85. The company has a market cap of $22.86 billion, a price-to-earnings ratio of -23.10, a P/E/G ratio of 1.14 and a beta of 0.88. Dollar Tree, Inc. has a 52-week low of $101.85 and a 52-week high of $154.96.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Wednesday, June 5th. The company reported $1.43 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.43. Dollar Tree had a negative net margin of 3.23% and a positive return on equity of 15.67%. The firm had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.63 billion. During the same period in the previous year, the business posted $1.47 earnings per share. Dollar Tree’s quarterly revenue was up 4.2% on a year-over-year basis. As a group, equities analysts predict that Dollar Tree, Inc. will post 6.63 EPS for the current year.

Dollar Tree 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.