First Trust Direct Indexing L.P. Acquires 1,027 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

First Trust Direct Indexing L.P. grew its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 29.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,470 shares of the company’s stock after purchasing an additional 1,027 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Dollar Tree were worth $635,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cambridge Investment Research Advisors Inc. boosted its holdings in Dollar Tree by 13.5% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 34,812 shares of the company’s stock worth $3,706,000 after buying an additional 4,129 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of Dollar Tree by 71.2% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 26,894 shares of the company’s stock valued at $2,863,000 after acquiring an additional 11,188 shares during the period. Raymond James & Associates boosted its stake in Dollar Tree by 2.2% during the 3rd quarter. Raymond James & Associates now owns 111,442 shares of the company’s stock worth $11,863,000 after acquiring an additional 2,434 shares during the last quarter. Stratos Wealth Partners LTD. boosted its stake in Dollar Tree by 22.9% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 3,875 shares of the company’s stock worth $412,000 after acquiring an additional 722 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Dollar Tree by 2.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 37,044 shares of the company’s stock valued at $3,943,000 after purchasing an additional 959 shares during the period. 97.40% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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

Dollar Tree Stock Up 0.8 %

NASDAQ DLTR opened at $120.73 on Friday. Dollar Tree, Inc. has a 12-month low of $102.77 and a 12-month high of $161.10. The firm’s 50 day moving average is $131.52 and its 200-day moving average is $129.32. The company has a current ratio of 1.31, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Wednesday, March 13th. The company reported $2.55 earnings per share (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 business had revenue of $8.63 billion during the quarter, compared to analyst estimates of $8.66 billion. During the same quarter in the previous year, the firm posted $2.04 earnings per share. The firm’s quarterly revenue was up 11.9% on a year-over-year basis. Equities research analysts predict that Dollar Tree, Inc. will post 6.92 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. BMO Capital Markets cut their target price on shares of Dollar Tree from $170.00 to $160.00 and set an “outperform” rating on the stock in a report on Thursday, March 14th. Truist Financial dropped their price objective on Dollar Tree from $149.00 to $147.00 and set a “buy” rating on the stock in a research note on Thursday, March 14th. TheStreet cut Dollar Tree from a “b-” rating to a “c” rating in a research note on Wednesday, March 13th. Evercore ISI dropped their price target on Dollar Tree from $144.00 to $142.00 and set an “in-line” rating on the stock in a research report on Tuesday, April 16th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $160.00 price objective on shares of Dollar Tree in a research report on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $150.05.

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.