GHP Investment Advisors Inc. Has $1.44 Million Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

GHP Investment Advisors Inc. lessened its position in shares of Dollar Tree, Inc. (NASDAQ:DLTRFree Report) by 25.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 10,140 shares of the company’s stock after selling 3,526 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Dollar Tree were worth $1,440,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DLTR. Mantle Ridge LP increased its position in Dollar Tree by 11,365,431.0% during the 1st quarter. Mantle Ridge LP now owns 11,365,531 shares of the company’s stock valued at $1,820,190,000 after purchasing an additional 11,365,431 shares during the period. Morgan Stanley increased its position in Dollar Tree by 95.9% during the 4th quarter. Morgan Stanley now owns 4,383,897 shares of the company’s stock valued at $620,059,000 after purchasing an additional 2,145,910 shares during the period. Norges Bank acquired a new stake in Dollar Tree during the 4th quarter valued at approximately $273,045,000. Invesco Ltd. increased its position in Dollar Tree by 69.3% during the 1st quarter. Invesco Ltd. now owns 1,825,658 shares of the company’s stock valued at $292,377,000 after purchasing an additional 747,162 shares during the period. Finally, Ameriprise Financial Inc. grew its position in shares of Dollar Tree by 139.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,260,780 shares of the company’s stock worth $134,202,000 after buying an additional 734,229 shares during the period. Institutional investors and hedge funds own 97.40% of the company’s stock.

Dollar Tree Stock Up 1.2 %

NASDAQ DLTR opened at $130.25 on Friday. Dollar Tree, Inc. has a one year low of $102.77 and a one year high of $161.10. The company has a current ratio of 1.31, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. The business’s fifty day moving average is $137.89 and its 200-day moving average is $127.59.

Dollar Tree (NASDAQ:DLTRGet Free Report) last released its earnings results on Wednesday, March 13th. The company reported $2.55 EPS for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.12). Dollar Tree had a positive return on equity of 15.11% and a negative net margin of 3.26%. The business had revenue of $8.63 billion for the quarter, compared to the consensus estimate of $8.66 billion. During the same quarter in the previous year, the firm earned $2.04 earnings per share. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. As a group, equities research analysts anticipate that Dollar Tree, Inc. will post 6.91 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on DLTR shares. Truist Financial reduced their price objective on shares of Dollar Tree from $149.00 to $147.00 and set a “buy” rating for the company in a research report on Thursday, March 14th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $160.00 price objective on shares of Dollar Tree in a research report on Thursday, March 14th. Gordon Haskett downgraded shares of Dollar Tree from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $150.00 to $140.00 in a research report on Wednesday, April 3rd. Loop Capital reduced their price objective on shares of Dollar Tree from $195.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday, March 14th. Finally, Guggenheim raised their price objective on shares of Dollar Tree from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, Dollar Tree has a consensus rating of “Moderate Buy” and a consensus target price of $149.80.

View Our Latest Stock Analysis on DLTR

Insider Buying and Selling

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

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.

Featured Stories

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

Receive News & Ratings for Dollar Tree Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar Tree and related companies with MarketBeat.com's FREE daily email newsletter.