Dollar Tree, Inc. (NASDAQ:DLTR) Stock Holdings Lowered by S.A. Mason LLC

S.A. Mason LLC trimmed its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 4.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,591 shares of the company’s stock after selling 235 shares during the period. S.A. Mason LLC’s holdings in Dollar Tree were worth $652,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in DLTR. Raymond James Financial Services Advisors Inc. boosted its position in shares of Dollar Tree by 2.2% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 14,787 shares of the company’s stock valued at $2,100,000 after purchasing an additional 322 shares during the period. CVA Family Office LLC acquired a new position in shares of Dollar Tree in the fourth quarter worth about $56,000. Raymond James & Associates increased its position in shares of Dollar Tree by 42.6% in the fourth quarter. Raymond James & Associates now owns 158,896 shares of the company’s stock worth $22,571,000 after acquiring an additional 47,454 shares in the last quarter. HB Wealth Management LLC acquired a new stake in shares of Dollar Tree during the fourth quarter valued at approximately $399,000. Finally, Premier Path Wealth Partners LLC acquired a new stake in shares of Dollar Tree during the fourth quarter valued at approximately $211,000. 97.40% of the stock is currently owned by institutional investors.

Dollar Tree Trading Up 3.9 %

Shares of NASDAQ DLTR opened at $132.50 on Thursday. The business’s 50-day simple moving average is $138.07 and its 200-day simple moving average is $126.10. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.31 and a quick ratio of 0.22. Dollar Tree, Inc. has a 52 week low of $102.77 and a 52 week high of $161.10.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Wednesday, March 13th. The company reported $2.55 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $8.66 billion. During the same quarter last year, the business earned $2.04 EPS. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. On average, analysts forecast that Dollar Tree, Inc. will post 6.92 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Dollar Tree news, Director Daniel J. Heinrich bought 1,000 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The stock was purchased at an average price of $127.85 per share, for a total transaction of $127,850.00. Following the purchase, the director now directly owns 6,225 shares in the company, valued at $795,866.25. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 6.00% of the company’s stock.

Wall Street Analysts Forecast Growth

DLTR has been the topic of several research analyst reports. StockNews.com upgraded shares of Dollar Tree from a “sell” rating to a “hold” rating in a research report on Wednesday. TheStreet downgraded Dollar Tree from a “b-” rating to a “c” rating in a report on Wednesday, March 13th. Piper Sandler reduced their price objective on Dollar Tree from $171.00 to $168.00 and set an “overweight” rating for the company in a research note on Thursday, March 14th. Morgan Stanley decreased their price objective on Dollar Tree from $140.00 to $135.00 and set an “equal weight” rating for the company in a research report on Thursday, November 30th. Finally, JPMorgan Chase & Co. dropped their target price on Dollar Tree from $165.00 to $144.00 and set an “overweight” rating on the stock in a report on Thursday, March 14th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $150.75.

Dollar Tree Profile

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.