Chemistry Wealth Management LLC Acquires 3,438 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Chemistry Wealth Management LLC boosted its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 46.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,804 shares of the company’s stock after purchasing an additional 3,438 shares during the period. Chemistry Wealth Management LLC’s holdings in Dollar Tree were worth $811,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Empower Advisory Group LLC lifted its stake in Dollar Tree by 15.3% in the fourth quarter. Empower Advisory Group LLC now owns 760,423 shares of the company’s stock worth $56,986,000 after purchasing an additional 100,676 shares during the last quarter. Pzena Investment Management LLC bought a new stake in Dollar Tree in the fourth quarter worth $520,000. Intrepid Capital Management Inc. lifted its stake in Dollar Tree by 103.6% in the fourth quarter. Intrepid Capital Management Inc. now owns 27,026 shares of the company’s stock worth $2,025,000 after purchasing an additional 13,751 shares during the last quarter. Alberta Investment Management Corp lifted its stake in Dollar Tree by 253.2% in the fourth quarter. Alberta Investment Management Corp now owns 93,600 shares of the company’s stock worth $7,014,000 after purchasing an additional 67,100 shares during the last quarter. Finally, Entropy Technologies LP bought a new stake in Dollar Tree in the fourth quarter worth $2,173,000. 97.40% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Cfra Research raised shares of Dollar Tree to a “hold” rating in a research note on Wednesday, May 28th. Wells Fargo & Company set a $105.00 price objective on shares of Dollar Tree and gave the company an “overweight” rating in a research note on Monday, June 2nd. Guggenheim reaffirmed a “buy” rating and set a $100.00 price objective on shares of Dollar Tree in a research note on Thursday. JPMorgan Chase & Co. raised shares of Dollar Tree from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $72.00 to $111.00 in a research note on Thursday. Finally, Piper Sandler upped their price objective on shares of Dollar Tree from $72.00 to $93.00 and gave the company a “neutral” rating in a research note on Thursday. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $90.26.

Dollar Tree Price Performance

DLTR stock opened at $94.50 on Friday. The firm has a 50 day moving average price of $82.48 and a 200-day moving average price of $75.34. Dollar Tree, Inc. has a 52-week low of $60.49 and a 52-week high of $112.71. The firm has a market capitalization of $20.33 billion, a price-to-earnings ratio of -19.81, a PEG ratio of 2.16 and a beta of 0.84. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Wednesday, June 4th. The company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.05. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The firm had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.52 billion. During the same period last year, the business earned $1.43 earnings per share. The business’s revenue was up 11.3% on a year-over-year basis. Equities research analysts forecast that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Insider Activity

In related news, CAO Aditya Maheshwari sold 1,238 shares of the firm’s stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $74.70, for a total transaction of $92,478.60. Following the completion of the sale, the chief accounting officer now owns 4,231 shares of the company’s stock, valued at $316,055.70. This trade represents a 22.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William W. Douglas III purchased 701 shares of Dollar Tree stock in a transaction that occurred on Wednesday, April 2nd. The shares were purchased at an average cost of $75.00 per share, with a total value of $52,575.00. Following the transaction, the director now directly owns 1,377 shares of the company’s stock, valued at $103,275. This represents a 103.70% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 6.60% of the company’s stock.

Dollar Tree Company Profile

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.