8,929 Shares in Dollar Tree, Inc. $DLTR Purchased by Pinkerton Wealth LLC

Pinkerton Wealth LLC acquired a new position in Dollar Tree, Inc. (NASDAQ:DLTR) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 8,929 shares of the company’s stock, valued at approximately $884,000.

Other hedge funds have also recently modified their holdings of the company. TD Private Client Wealth LLC grew its holdings in shares of Dollar Tree by 164.0% in the second quarter. TD Private Client Wealth LLC now owns 264 shares of the company’s stock valued at $26,000 after acquiring an additional 164 shares in the last quarter. Brooklyn Investment Group lifted its holdings in Dollar Tree by 79.0% during the first quarter. Brooklyn Investment Group now owns 358 shares of the company’s stock worth $27,000 after acquiring an additional 158 shares during the period. True Wealth Design LLC boosted its position in Dollar Tree by 372.5% in the second quarter. True Wealth Design LLC now owns 378 shares of the company’s stock worth $37,000 after purchasing an additional 298 shares during the last quarter. Zions Bancorporation National Association UT bought a new position in Dollar Tree in the 1st quarter valued at $30,000. Finally, MTM Investment Management LLC bought a new position in Dollar Tree in the 2nd quarter valued at $42,000. Institutional investors own 97.40% of the company’s stock.

Analysts Set New Price Targets

DLTR has been the topic of a number of research analyst reports. Piper Sandler cut their price target on shares of Dollar Tree from $112.00 to $108.00 and set a “neutral” rating on the stock in a report on Thursday, September 4th. Wolfe Research began coverage on shares of Dollar Tree in a research note on Thursday, September 18th. They issued a “peer perform” rating on the stock. Truist Financial increased their target price on shares of Dollar Tree from $127.00 to $129.00 and gave the company a “buy” rating in a research report on Wednesday, September 3rd. Guggenheim decreased their price target on shares of Dollar Tree from $130.00 to $125.00 and set a “buy” rating for the company in a research note on Monday, September 8th. Finally, Gordon Haskett downgraded Dollar Tree from a “hold” rating to a “reduce” rating and set a $95.00 price objective on the stock. in a research note on Wednesday, September 3rd. Eight research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $108.63.

Dollar Tree Stock Down 0.8%

Dollar Tree stock opened at $108.99 on Wednesday. The firm has a 50 day simple moving average of $99.22 and a 200 day simple moving average of $101.89. The company has a current ratio of 1.04, a quick ratio of 0.27 and a debt-to-equity ratio of 0.67. Dollar Tree, Inc. has a 1-year low of $61.80 and a 1-year high of $118.06. The firm has a market capitalization of $22.23 billion, a price-to-earnings ratio of -8.03, a P/E/G ratio of 1.93 and a beta of 0.75.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Wednesday, September 3rd. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.39. The firm had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.46 billion. Dollar Tree had a positive return on equity of 23.52% and a negative net margin of 13.46%.The business’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same period last year, the company earned $0.67 earnings per share. On average, analysts predict that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Insider Transactions at Dollar Tree

In related news, insider Robert Aflatooni sold 1,260 shares of the business’s stock in a transaction that occurred on Friday, October 17th. The shares were sold at an average price of $94.70, for a total transaction of $119,322.00. Following the completion of the transaction, the insider owned 21,402 shares of the company’s stock, valued at approximately $2,026,769.40. The trade was a 5.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stephanie Stahl sold 1,185 shares of the stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $100.32, for a total transaction of $118,879.20. Following the completion of the sale, the director owned 4,089 shares in the company, valued at $410,208.48. This represents a 22.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 6.60% of the company’s stock.

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.