CWA Asset Management Group LLC Invests $7.76 Million in Dollar Tree, Inc. (NASDAQ:DLTR)

CWA Asset Management Group LLC purchased a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 103,330 shares of the company's stock, valued at approximately $7,757,000.

Other large investors have also made changes to their positions in the company. Empowered Funds LLC raised its position in shares of Dollar Tree by 8.4% in the 4th quarter. Empowered Funds LLC now owns 3,744 shares of the company's stock valued at $281,000 after purchasing an additional 291 shares during the last quarter. Van ECK Associates Corp increased its stake in Dollar Tree by 4.2% during the 4th quarter. Van ECK Associates Corp now owns 24,830 shares of the company's stock valued at $1,861,000 after purchasing an additional 990 shares in the last quarter. Vontobel Holding Ltd. raised its holdings in shares of Dollar Tree by 4.4% in the fourth quarter. Vontobel Holding Ltd. now owns 9,370 shares of the company's stock worth $702,000 after buying an additional 398 shares during the last quarter. New York State Teachers Retirement System raised its holdings in shares of Dollar Tree by 1.1% in the fourth quarter. New York State Teachers Retirement System now owns 175,015 shares of the company's stock worth $13,116,000 after buying an additional 1,863 shares during the last quarter. Finally, Strategic Financial Concepts LLC acquired a new stake in shares of Dollar Tree during the fourth quarter worth $1,280,000. 97.40% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DLTR has been the topic of several research reports. Guggenheim reissued a "buy" rating and issued a $100.00 target price on shares of Dollar Tree in a research report on Thursday, June 5th. Piper Sandler raised their price target on shares of Dollar Tree from $72.00 to $93.00 and gave the stock a "neutral" rating in a research report on Thursday, June 5th. Evercore ISI lifted their price objective on shares of Dollar Tree from $86.00 to $92.00 and gave the company an "in-line" rating in a research note on Thursday, June 5th. Truist Financial upped their price objective on shares of Dollar Tree from $89.00 to $100.00 and gave the company a "buy" rating in a report on Monday, June 2nd. Finally, Wells Fargo & Company set a $105.00 price objective on shares of Dollar Tree and gave the stock an "overweight" rating in a research note on Monday, June 2nd. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, Dollar Tree currently has an average rating of "Hold" and a consensus target price of $90.26.

Insider Buying and Selling at Dollar Tree

In other Dollar Tree news, CAO Aditya Maheshwari sold 1,238 shares of Dollar Tree stock in a transaction 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 sale, the chief accounting officer now owns 4,231 shares of the company's stock, valued at $316,055.70. The trade was a 22.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director William W. Douglas III bought 701 shares of the company's stock in a transaction dated Wednesday, April 2nd. The shares were acquired at an average cost of $75.00 per share, with a total value of $52,575.00. Following the acquisition, the director now directly owns 1,377 shares of the company's stock, valued at approximately $103,275. This represents a 103.70% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 22,441 shares of company stock valued at $2,095,333 over the last ninety days. Corporate insiders own 6.60% of the company's stock.

Dollar Tree Price Performance

Shares of Dollar Tree stock traded up $1.18 on Friday, hitting $98.71. The company's stock had a trading volume of 6,540,611 shares, compared to its average volume of 4,228,959. The company has a market capitalization of $20.60 billion, a price-to-earnings ratio of -7.12, a price-to-earnings-growth ratio of 2.71 and a beta of 0.84. Dollar Tree, Inc. has a 1 year low of $60.49 and a 1 year high of $109.36. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.72 and a current ratio of 1.04. The firm has a fifty day moving average price of $87.48 and a 200-day moving average price of $77.20.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last posted its quarterly earnings data on Wednesday, June 4th. The company reported $1.26 EPS for the quarter, beating analysts' consensus estimates of $1.21 by $0.05. The business had revenue of $4.64 billion during the quarter, compared to analysts' expectations of $4.52 billion. Dollar Tree had a positive return on equity of 19.36% and a negative net margin of 12.15%. The business's revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.43 earnings per share. As a group, sell-side analysts anticipate that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Dollar Tree 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.