United Community Bank Purchases New Stake in Dollar Tree, Inc. (NASDAQ:DLTR)

United Community Bank purchased a new stake in Dollar Tree, Inc. (NASDAQ:DLTRFree Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 190 shares of the company’s stock, valued at approximately $27,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. NBC Securities Inc. increased its holdings in shares of Dollar Tree by 7.1% in the fourth quarter. NBC Securities Inc. now owns 1,150 shares of the company’s stock valued at $163,000 after purchasing an additional 76 shares during the last quarter. Horrell Capital Management Inc. increased its holdings in shares of Dollar Tree by 0.3% during the 4th quarter. Horrell Capital Management Inc. now owns 29,224 shares of the company’s stock worth $4,151,000 after buying an additional 94 shares during the last quarter. Independence Bank of Kentucky increased its holdings in shares of Dollar Tree by 15.0% during the 4th quarter. Independence Bank of Kentucky now owns 759 shares of the company’s stock worth $108,000 after buying an additional 99 shares during the last quarter. 1ST Source Bank lifted its holdings in Dollar Tree by 4.6% in the third quarter. 1ST Source Bank now owns 2,396 shares of the company’s stock valued at $255,000 after acquiring an additional 106 shares during the last quarter. Finally, Fiduciary Trust Co lifted its holdings in Dollar Tree by 1.0% in the fourth quarter. Fiduciary Trust Co now owns 10,997 shares of the company’s stock valued at $1,562,000 after acquiring an additional 109 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on DLTR. Wells Fargo & Company upped their price objective on Dollar Tree from $160.00 to $180.00 and gave the company an “overweight” rating in a report on Monday, March 4th. Truist Financial decreased their price objective on Dollar Tree from $149.00 to $147.00 and set a “buy” rating on the stock in a report on Thursday, March 14th. Evercore ISI decreased their price objective on Dollar Tree from $144.00 to $142.00 and set an “in-line” rating on the stock in a report on Tuesday, April 16th. StockNews.com upgraded Dollar Tree from a “sell” rating to a “hold” rating in a report on Wednesday, March 27th. Finally, Guggenheim upped their price objective on Dollar Tree from $155.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $150.55.

Get Our Latest Research Report on Dollar Tree

Insider Buying and Selling at Dollar Tree

In other news, CFO Jeffrey A. Davis bought 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CFO Jeffrey A. Davis purchased 1,800 shares of Dollar Tree stock in a transaction dated Monday, April 1st. The stock was bought 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 owns 19,047 shares in the company, valued at approximately $2,590,392. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Daniel J. Heinrich purchased 1,000 shares of Dollar Tree stock in a transaction dated Monday, March 18th. The stock was bought 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 in the company, valued at approximately $795,866.25. The disclosure for this purchase can be found here. 6.80% of the stock is currently owned by company insiders.

Dollar Tree Stock Performance

Dollar Tree stock traded up $3.16 during midday trading on Friday, reaching $117.95. 2,844,763 shares of the stock traded hands, compared to its average volume of 2,152,060. 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 firm has a fifty day moving average price of $122.54 and a two-hundred day moving average price of $130.12. The firm has a market cap of $25.74 billion, a price-to-earnings ratio of -25.53, a PEG ratio of 1.12 and a beta of 0.92. Dollar Tree, Inc. has a fifty-two week low of $102.77 and a fifty-two week high of $154.96.

Dollar Tree (NASDAQ:DLTRGet Free Report) last posted its earnings results on Wednesday, March 13th. The company reported $2.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.12). The firm had revenue of $8.63 billion for the quarter, compared to analyst estimates of $8.66 billion. Dollar Tree had a negative net margin of 3.26% and a positive return on equity of 15.11%. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.04 earnings per share. On average, equities research analysts forecast that Dollar Tree, Inc. will post 6.88 earnings per share for the current year.

Dollar Tree Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding DLTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dollar Tree, Inc. (NASDAQ:DLTRFree Report).

Institutional Ownership by Quarter for Dollar Tree (NASDAQ:DLTR)

Receive News & Ratings for Dollar Tree Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar Tree and related companies with MarketBeat.com's FREE daily email newsletter.