Cary Street Partners Investment Advisory LLC Buys 729 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Cary Street Partners Investment Advisory LLC boosted its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 26.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 3,489 shares of the company’s stock after acquiring an additional 729 shares during the quarter. Cary Street Partners Investment Advisory LLC’s holdings in Dollar Tree were worth $490,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Annis Gardner Whiting Capital Advisors LLC purchased a new position in Dollar Tree in the 3rd quarter valued at approximately $26,000. Turtle Creek Wealth Advisors LLC purchased a new position in Dollar Tree in the 4th quarter valued at approximately $35,000. City State Bank grew its stake in Dollar Tree by 200.0% in the 4th quarter. City State Bank now owns 300 shares of the company’s stock valued at $43,000 after buying an additional 200 shares in the last quarter. Operose Advisors LLC purchased a new position in Dollar Tree in the 3rd quarter valued at approximately $34,000. Finally, Mendota Financial Group LLC purchased a new position in Dollar Tree in the 4th quarter valued at approximately $52,000. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on DLTR shares. Jefferies Financial Group reduced their price objective on shares of Dollar Tree from $130.00 to $128.00 in a research note on Thursday, March 14th. StockNews.com upgraded shares of Dollar Tree from a “sell” rating to a “hold” rating in a research report on Wednesday, March 27th. KeyCorp upgraded shares of Dollar Tree from a “sector weight” rating to an “overweight” rating and set a $150.00 price target for the company in a research report on Wednesday. Evercore ISI reduced their price target on shares of Dollar Tree from $144.00 to $142.00 and set an “in-line” rating for the company in a research report on Tuesday, April 16th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $160.00 price target on shares of Dollar Tree in a research report on Thursday, March 14th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, Dollar Tree has an average rating of “Moderate Buy” and an average target price of $150.05.

Dollar Tree Stock Performance

Dollar Tree stock opened at $118.25 on Wednesday. The company has a quick ratio of 0.22, a current ratio of 1.31 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $25.78 billion, a PE ratio of -25.60, a P/E/G ratio of 1.12 and a beta of 0.90. The firm has a fifty day simple moving average of $133.06 and a two-hundred day simple moving average of $129.39. Dollar Tree, Inc. has a twelve month low of $102.77 and a twelve month high of $161.10.

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

Insiders Place Their Bets

In other Dollar Tree news, CFO Jeffrey A. Davis purchased 1,800 shares of the stock in a transaction 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 directly owns 19,047 shares of the company’s stock, valued at approximately $2,590,392. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Jeffrey A. Davis acquired 1,800 shares of the stock in a transaction dated Monday, April 1st. The stock was purchased 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 in the company, valued at approximately $2,590,392. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Daniel J. Heinrich acquired 1,000 shares of the stock in a transaction dated Monday, March 18th. The shares were purchased at an average cost of $127.85 per share, with a total value of $127,850.00. Following the completion of the purchase, the director now 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 insiders.

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.