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

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

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

Insider Activity at Dollar Tree

In other Dollar Tree news, Director William W. Douglas III acquired 701 shares of the company’s stock in a transaction on Wednesday, April 2nd. The shares were bought at an average cost of $75.00 per share, for a total transaction of $52,575.00. Following the completion of the purchase, the director now owns 1,377 shares in the company, valued at $103,275. This trade represents a 103.70 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 6.80% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. UBS Group lowered their price target on Dollar Tree from $105.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, March 21st. JPMorgan Chase & Co. dropped their target price on Dollar Tree from $88.00 to $78.00 and set a “neutral” rating for the company in a research report on Thursday, March 27th. Telsey Advisory Group increased their price target on shares of Dollar Tree from $75.00 to $82.00 and gave the stock a “market perform” rating in a research report on Thursday, March 27th. Evercore ISI lifted their price objective on shares of Dollar Tree from $79.00 to $85.00 and gave the company an “in-line” rating in a report on Thursday, March 27th. Finally, Truist Financial set a $84.00 target price on shares of Dollar Tree in a research note on Thursday, March 27th. Fifteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Dollar Tree presently has an average rating of “Hold” and a consensus price target of $81.00.

Dollar Tree Stock Up 0.5 %

Shares of NASDAQ:DLTR opened at $67.55 on Friday. The firm has a 50 day simple moving average of $71.19 and a 200-day simple moving average of $70.36. Dollar Tree, Inc. has a twelve month low of $60.49 and a twelve month high of $131.52. 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 company has a market capitalization of $14.53 billion, a PE ratio of -14.16, a P/E/G ratio of 2.16 and a beta of 0.87.

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

About Dollar Tree

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.