Dollar Tree, Inc. (NASDAQ:DLTR) Shares Sold by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC reduced its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 10.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,956 shares of the company’s stock after selling 1,045 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Dollar Tree were worth $645,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of DLTR. Pzena Investment Management LLC acquired a new stake in Dollar Tree in the fourth quarter valued at $520,000. Empower Advisory Group LLC lifted its stake in shares of Dollar Tree by 15.3% in the fourth quarter. Empower Advisory Group LLC now owns 760,423 shares of the company’s stock valued at $56,986,000 after purchasing an additional 100,676 shares during the period. Strategic Wealth Investment Group LLC acquired a new position in Dollar Tree during the fourth quarter worth about $448,000. Entropy Technologies LP purchased a new position in Dollar Tree in the fourth quarter valued at about $2,173,000. Finally, Alberta Investment Management Corp lifted its position in shares of Dollar Tree by 253.2% during the 4th quarter. Alberta Investment Management Corp now owns 93,600 shares of the company’s stock valued at $7,014,000 after acquiring an additional 67,100 shares during the period. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Dollar Tree Trading Up 0.5 %

Shares of DLTR opened at $67.55 on Friday. Dollar Tree, Inc. has a twelve month low of $60.49 and a twelve month high of $131.52. The firm has a market capitalization of $14.53 billion, a P/E ratio of -14.16, a price-to-earnings-growth ratio of 2.16 and a beta of 0.87. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32. The stock’s fifty day simple moving average is $71.19 and its 200 day simple moving average is $70.36.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Wednesday, March 26th. The company reported $2.11 EPS for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.09). Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The firm had revenue of $5 billion during the quarter, compared to analysts’ expectations of $8.23 billion. During the same quarter last year, the business earned $2.55 earnings per share. The business’s revenue for the quarter was up .7% compared to the same quarter last year. On average, equities research analysts forecast that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Insider Buying and Selling at Dollar Tree

In related news, Director William W. Douglas III acquired 701 shares of the business’s stock in a transaction on Wednesday, April 2nd. The shares were bought at an average cost of $75.00 per share, with a total value of $52,575.00. Following the completion of the transaction, the director now directly owns 1,377 shares of the company’s stock, valued at $103,275. This trade represents a 103.70 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Loop Capital reaffirmed a “hold” rating on shares of Dollar Tree in a report on Thursday, March 27th. UBS Group lowered their price objective on shares of Dollar Tree from $105.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. Telsey Advisory Group upped their price target on shares of Dollar Tree from $75.00 to $82.00 and gave the company a “market perform” rating in a report on Thursday, March 27th. Truist Financial set a $84.00 price objective on Dollar Tree in a research report on Thursday, March 27th. Finally, Wells Fargo & Company increased their target price on Dollar Tree from $85.00 to $90.00 and gave the company an “overweight” rating in a report on Tuesday. Fifteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $81.00.

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.