First Trust Direct Indexing L.P. Has $576,000 Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Posted by Defense World Staff on Jul 16th, 2023

Dollar Tree logo First Trust Direct Indexing L.P. increased its holdings in Dollar Tree, Inc. (NASDAQ:DLTR – Free Report) by 3.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,013 shares of the company’s stock after acquiring an additional 124 shares during the period. First Trust Direct Indexing L.P.’s holdings in Dollar Tree were worth $576,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Wealth Alliance grew its position in Dollar Tree by 38.6% in the 4th quarter. Wealth Alliance now owns 4,114 shares of the company’s stock worth $582,000 after purchasing an additional 1,146 shares in the last quarter. Toronto Dominion Bank grew its position in Dollar Tree by 0.5% in the 4th quarter. Toronto Dominion Bank now owns 1,174,684 shares of the company’s stock worth $166,047,000 after purchasing an additional 5,516 shares in the last quarter. Thrivent Financial for Lutherans grew its position in Dollar Tree by 10.9% in the 4th quarter. Thrivent Financial for Lutherans now owns 33,795 shares of the company’s stock worth $4,780,000 after purchasing an additional 3,334 shares in the last quarter. HBK Sorce Advisory LLC bought a new position in shares of Dollar Tree during the 4th quarter valued at approximately $237,000. Finally, Wealthcare Advisory Partners LLC bought a new position in shares of Dollar Tree during the 4th quarter valued at approximately $222,000. Institutional investors and hedge funds own 99.78% of the company’s stock.

Dollar Tree Stock Performance

NASDAQ DLTR opened at $147.91 on Friday. The company’s 50 day simple moving average is $144.75 and its two-hundred day simple moving average is $145.96. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.51 and a quick ratio of 0.28. The stock has a market capitalization of $32.60 billion, a PE ratio of 23.89, a P/E/G ratio of 2.29 and a beta of 0.68. Dollar Tree, Inc. has a 1 year low of $128.85 and a 1 year high of $175.68.

Dollar Tree (NASDAQ:DLTR – Get Free Report) last posted its quarterly earnings data on Thursday, May 25th. The company reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.54 by ($0.07). The company had revenue of $7.32 billion for the quarter, compared to analysts’ expectations of $7.27 billion. Dollar Tree had a net margin of 4.79% and a return on equity of 16.36%. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.37 EPS. Analysts predict that Dollar Tree, Inc. will post 6.01 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Jennifer Hulett sold 1,484 shares of the stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $143.61, for a total transaction of $213,117.24. Following the transaction, the insider now owns 6,825 shares of the company’s stock, valued at approximately $980,138.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 6.00% of the company’s stock.

Wall Street Analysts Forecast Growth

DLTR has been the subject of a number of research reports. Citigroup reduced their target price on shares of Dollar Tree from $180.00 to $167.00 in a research report on Friday, May 26th. Wells Fargo & Company reduced their target price on shares of Dollar Tree from $170.00 to $155.00 in a research report on Friday, May 26th. UBS Group increased their target price on shares of Dollar Tree from $165.00 to $175.00 in a research report on Thursday, June 22nd. Morgan Stanley reduced their target price on shares of Dollar Tree from $145.00 to $140.00 in a research report on Friday, May 26th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Dollar Tree from $161.00 to $162.00 in a research note on Thursday, June 22nd. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $155.93.

About Dollar Tree

(Free Report)

Dollar Tree, Inc operates discount variety retail 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.