Coldstream Capital Management Inc. Acquires Shares of 3,790 Dollar Tree, Inc. (NASDAQ:DLTR)

Coldstream Capital Management Inc. purchased a new stake in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,790 shares of the company's stock, valued at approximately $284,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kovitz Investment Group Partners LLC grew its holdings in Dollar Tree by 382.7% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 6,524,870 shares of the company's stock valued at $488,974,000 after purchasing an additional 5,173,238 shares during the period. Marshall Wace LLP grew its stake in Dollar Tree by 784.2% in the 4th quarter. Marshall Wace LLP now owns 4,377,366 shares of the company's stock valued at $328,040,000 after acquiring an additional 3,882,324 shares during the period. Norges Bank purchased a new stake in Dollar Tree in the 4th quarter worth $171,149,000. Capital International Investors raised its position in Dollar Tree by 30.1% during the fourth quarter. Capital International Investors now owns 8,753,693 shares of the company's stock worth $656,000,000 after acquiring an additional 2,023,819 shares during the period. Finally, Madison Investment Advisors LLC purchased a new position in Dollar Tree during the fourth quarter valued at $113,315,000. 97.40% of the stock is owned by institutional investors and hedge funds.

Dollar Tree Trading Up 0.2 %

Shares of DLTR stock traded up $0.15 on Wednesday, hitting $83.94. The stock had a trading volume of 498,698 shares, compared to its average volume of 4,012,794. The company's 50 day moving average price is $72.97 and its 200-day moving average price is $71.55. Dollar Tree, Inc. has a 1 year low of $60.49 and a 1 year high of $123.17. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. The firm has a market capitalization of $18.05 billion, a P/E ratio of -17.59, a P/E/G ratio of 2.16 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its quarterly earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.20 by ($0.09). Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The business had revenue of $5 billion for the quarter, compared to analysts' expectations of $8.23 billion. During the same quarter last year, the company earned $2.55 earnings per share. The firm's revenue for the quarter was up .7% on a year-over-year basis. Analysts anticipate that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Insider Buying and Selling at Dollar Tree

In other Dollar Tree news, CAO Aditya Maheshwari sold 1,238 shares of the firm's stock in a transaction on Monday, April 14th. The stock was sold at an average price of $74.70, for a total value of $92,478.60. Following the sale, the chief accounting officer now directly owns 4,231 shares in the company, valued at $316,055.70. This trade represents a 22.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William W. Douglas III bought 701 shares of the business's stock in a transaction dated Wednesday, April 2nd. The shares were acquired at an average cost of $75.00 per share, for a total transaction of $52,575.00. Following the transaction, the director now directly owns 1,377 shares in the company, valued at approximately $103,275. This represents a 103.70 % increase in their position. The disclosure for this purchase can be found here. 6.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on DLTR shares. Truist Financial raised their price target on shares of Dollar Tree from $84.00 to $89.00 and gave the company a "buy" rating in a research note on Tuesday. Loop Capital reaffirmed a "hold" rating on shares of Dollar Tree in a research note on Thursday, March 27th. Sanford C. Bernstein set a $82.00 price objective on Dollar Tree and gave the company a "market perform" rating in a research note on Monday. Evercore ISI upped their target price on shares of Dollar Tree from $79.00 to $85.00 and gave the stock an "in-line" rating in a report on Thursday, March 27th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Dollar Tree from $88.00 to $78.00 and set a "neutral" rating for the company in a research note on Thursday, March 27th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $82.68.

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.