Leeward Investments LLC MA Trims Stock Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Leeward Investments LLC MA lessened its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 2.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 78,638 shares of the company’s stock after selling 2,112 shares during the quarter. Leeward Investments LLC MA’s holdings in Dollar Tree were worth $11,171,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in DLTR. AE Wealth Management LLC raised its position in shares of Dollar Tree by 7.7% during the 3rd quarter. AE Wealth Management LLC now owns 10,782 shares of the company’s stock valued at $1,148,000 after buying an additional 769 shares during the period. DAVENPORT & Co LLC increased its holdings in Dollar Tree by 1.7% in the 3rd quarter. DAVENPORT & Co LLC now owns 12,256 shares of the company’s stock valued at $1,305,000 after purchasing an additional 205 shares during the last quarter. Oak Thistle LLC acquired a new stake in Dollar Tree in the 3rd quarter valued at approximately $750,000. Czech National Bank increased its holdings in Dollar Tree by 48.7% in the 3rd quarter. Czech National Bank now owns 36,592 shares of the company’s stock valued at $3,895,000 after purchasing an additional 11,978 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its holdings in Dollar Tree by 1.0% in the 3rd quarter. Handelsbanken Fonder AB now owns 113,084 shares of the company’s stock valued at $12,038,000 after purchasing an additional 1,151 shares during the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Insider Activity at Dollar Tree

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

Dollar Tree Stock Up 0.0 %

Shares of Dollar Tree stock traded up $0.05 during trading on Friday, hitting $121.74. 1,349,844 shares of the stock were exchanged, compared to its average volume of 2,752,449. Dollar Tree, Inc. has a 12-month low of $102.77 and a 12-month high of $161.10. The stock has a market cap of $26.54 billion, a price-to-earnings ratio of -26.35, a price-to-earnings-growth ratio of 1.15 and a beta of 0.90. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.31 and a quick ratio of 0.22. The firm’s 50-day moving average price is $134.11 and its 200 day moving average price is $128.93.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Wednesday, March 13th. The company reported $2.55 earnings per share for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.12). Dollar Tree had a negative net margin of 3.26% and a positive return on equity of 15.11%. The company had revenue of $8.63 billion during the quarter, compared to analysts’ expectations of $8.66 billion. During the same period last year, the firm earned $2.04 earnings per share. Dollar Tree’s revenue was up 11.9% on a year-over-year basis. As a group, analysts forecast that Dollar Tree, Inc. will post 6.91 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on DLTR. Evercore ISI dropped their target price on shares of Dollar Tree from $144.00 to $142.00 and set an “in-line” rating for the company in a report on Tuesday, April 16th. Telsey Advisory Group reiterated an “outperform” rating and issued a $160.00 target price on shares of Dollar Tree in a report on Thursday, March 14th. Wells Fargo & Company lifted their target price on shares of Dollar Tree from $160.00 to $180.00 and gave the company an “overweight” rating in a report on Monday, March 4th. Jefferies Financial Group dropped their price target on shares of Dollar Tree from $130.00 to $128.00 in a research note on Thursday, March 14th. Finally, Piper Sandler dropped their price target on shares of Dollar Tree from $171.00 to $168.00 and set an “overweight” rating for the company in a research note on Thursday, March 14th. One investment 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 data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $150.05.

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.