Resources Investment Advisors LLC. Acquires Shares of 1,837 Dollar Tree, Inc. (NASDAQ:DLTR)

Posted by on Aug 25th, 2023

Resources Investment Advisors LLC. bought a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR – Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,837 shares of the company’s stock, valued at approximately $264,000.

A number of other large investors also recently modified their holdings of the company. ICA Group Wealth Management LLC bought a new position in Dollar Tree in the 4th quarter valued at about $27,000. Glass Jacobson Investment Advisors llc bought a new position in shares of Dollar Tree in the fourth quarter valued at approximately $28,000. Massmutual Trust Co. FSB ADV boosted its position in shares of Dollar Tree by 92.3% during the first quarter. Massmutual Trust Co. FSB ADV now owns 200 shares of the company’s stock valued at $29,000 after buying an additional 96 shares during the last quarter. Alpha Paradigm Partners LLC bought a new stake in Dollar Tree during the third quarter worth $35,000. Finally, Fred Alger Management LLC bought a new stake in Dollar Tree during the third quarter worth $37,000. 99.78% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Dollar Tree

In other news, insider Jennifer Hulett sold 1,484 shares of the business’s stock in a transaction that occurred on Friday, June 23rd. The stock was sold at an average price of $143.61, for a total transaction of $213,117.24. Following the transaction, the insider now directly owns 6,825 shares of the company’s stock, valued at $980,138.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 6.00% of the stock is currently owned by corporate insiders.

Dollar Tree Stock Performance

Shares of NASDAQ DLTR opened at $123.88 on Friday. The stock has a market cap of $27.30 billion, a price-to-earnings ratio of 20.01, a P/E/G ratio of 1.78 and a beta of 0.68. The company has a current ratio of 1.51, a quick ratio of 0.28 and a debt-to-equity ratio of 0.38. Dollar Tree, Inc. has a 1-year low of $123.52 and a 1-year high of $170.36. The stock’s 50-day moving average is $146.11 and its 200 day moving average is $146.14.

Dollar Tree (NASDAQ:DLTR – Get Free Report) last released its quarterly earnings data on Thursday, August 24th. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. Dollar Tree had a return on equity of 16.36% and a net margin of 4.79%. The firm had revenue of $7.32 billion during the quarter, compared to analyst estimates of $7.18 billion. During the same quarter in the prior year, the firm posted $1.60 earnings per share. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Dollar Tree, Inc. will post 6.04 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Citigroup dropped their target price on shares of Dollar Tree from $180.00 to $167.00 in a research report on Friday, May 26th. Telsey Advisory Group restated an “outperform” rating and set a $162.00 target price on shares of Dollar Tree in a research report on Monday. Morgan Stanley cut their target price on Dollar Tree from $145.00 to $140.00 in a research note on Friday, May 26th. Deutsche Bank Aktiengesellschaft upped their price target on Dollar Tree from $161.00 to $162.00 in a research report on Thursday, June 22nd. Finally, StockNews.com began coverage on shares of Dollar Tree in a research report on Thursday, August 17th. They issued a “hold” rating for the company. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $156.25.

Check Out Our Latest Analysis on DLTR

Dollar Tree Company Profile

(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.

Further Reading

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

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