Paladin Advisory Group LLC Sells 132 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Paladin Advisory Group LLC lessened its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 11.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,071 shares of the company’s stock after selling 132 shares during the period. Paladin Advisory Group LLC’s holdings in Dollar Tree were worth $152,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. SVB Wealth LLC boosted its stake in shares of Dollar Tree by 2.4% during the 2nd quarter. SVB Wealth LLC now owns 2,657 shares of the company’s stock worth $414,000 after acquiring an additional 62 shares during the period. CIBC Private Wealth Group LLC boosted its stake in Dollar Tree by 0.5% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 18,240 shares of the company’s stock valued at $2,483,000 after purchasing an additional 82 shares during the period. Ethic Inc. boosted its stake in Dollar Tree by 3.8% in the 1st quarter. Ethic Inc. now owns 2,554 shares of the company’s stock valued at $409,000 after purchasing an additional 94 shares during the period. Horrell Capital Management Inc. boosted its stake in Dollar Tree by 0.3% in the 4th quarter. Horrell Capital Management Inc. now owns 29,224 shares of the company’s stock valued at $4,151,000 after purchasing an additional 94 shares during the period. Finally, Independence Bank of Kentucky boosted its stake in Dollar Tree by 15.0% in the 4th quarter. Independence Bank of Kentucky now owns 759 shares of the company’s stock valued at $108,000 after purchasing an additional 99 shares during the period. Institutional investors own 97.40% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Oppenheimer restated a “market perform” rating on shares of Dollar Tree in a research note on Monday, March 4th. TheStreet downgraded Dollar Tree from a “b-” rating to a “c” rating in a research report on Wednesday, March 13th. JPMorgan Chase & Co. upped their target price on Dollar Tree from $144.00 to $152.00 and gave the company an “overweight” rating in a research report on Monday. Evercore ISI cut their target price on Dollar Tree from $144.00 to $142.00 and set an “in-line” rating for the company in a research report on Tuesday. Finally, Gordon Haskett downgraded Dollar Tree from a “buy” rating to a “hold” rating and cut their target price for the company from $150.00 to $140.00 in a research report on Wednesday, April 3rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Dollar Tree currently has a consensus rating of “Moderate Buy” and a consensus price target of $150.05.

Dollar Tree Price Performance

DLTR traded down $0.20 on Friday, reaching $122.03. The stock had a trading volume of 1,957,137 shares, compared to its average volume of 2,814,108. Dollar Tree, Inc. has a fifty-two week low of $102.77 and a fifty-two week high of $161.10. The firm has a 50-day moving average of $136.42 and a 200-day moving average of $128.22. The company has a current ratio of 1.31, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $26.60 billion, a price-to-earnings ratio of -26.40, a price-to-earnings-growth ratio of 1.17 and a beta of 0.90.

Dollar Tree (NASDAQ:DLTR) last issued 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). 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 during the quarter, compared to analyst estimates of $8.66 billion. During the same period in the previous year, the company posted $2.04 EPS. The company’s quarterly revenue was up 11.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Dollar Tree, Inc. will post 6.91 EPS for the current year.

Insiders Place Their Bets

In other news, Director Daniel J. Heinrich acquired 1,000 shares of Dollar Tree stock in a transaction on Monday, March 18th. The stock was purchased at an average price 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 purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Daniel J. Heinrich acquired 1,000 shares of Dollar Tree stock in a transaction on Monday, March 18th. The stock was purchased at an average price 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 purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Jeffrey A. Davis acquired 1,800 shares of Dollar Tree stock in a transaction on 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 purchase, the chief financial officer now directly owns 19,047 shares of the company’s stock, valued at approximately $2,590,392. The disclosure for this purchase can be found here. Corporate insiders own 6.00% 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.