Callahan Advisors LLC Acquires New Shares in Dollar Tree, Inc. (NASDAQ:DLTR)

Callahan Advisors LLC acquired a new stake in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) in the first quarter, according to its most recent filing with the SEC. The fund acquired 2,720 shares of the company's stock, valued at approximately $204,000.

Other hedge funds have also bought and sold shares of the company. Assetmark Inc. grew its position in shares of Dollar Tree by 74.1% during the 4th quarter. Assetmark Inc. now owns 350 shares of the company's stock valued at $26,000 after purchasing an additional 149 shares in the last quarter. Bessemer Group Inc. grew its position in shares of Dollar Tree by 34,600.0% during the 4th quarter. Bessemer Group Inc. now owns 347 shares of the company's stock valued at $26,000 after purchasing an additional 346 shares in the last quarter. Hurley Capital LLC purchased a new position in shares of Dollar Tree during the 4th quarter valued at $33,000. Murphy & Mullick Capital Management Corp purchased a new position in shares of Dollar Tree during the 4th quarter valued at $43,000. Finally, CX Institutional purchased a new position in shares of Dollar Tree during the 1st quarter valued at $43,000. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Dollar Tree

In related news, CMO Richard L. Mcneely sold 21,026 shares of the stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $94.62, for a total value of $1,989,480.12. Following the completion of the transaction, the chief marketing officer directly owned 50,419 shares of the company's stock, valued at $4,770,645.78. This represents a 29.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Aditya Maheshwari sold 1,238 shares of the stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $74.70, for a total transaction of $92,478.60. Following the completion of the transaction, the chief accounting officer directly owned 4,231 shares of the company's stock, valued at approximately $316,055.70. The trade was a 22.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,439 shares of company stock valued at $2,099,028. 6.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Citigroup upgraded shares of Dollar Tree from a "neutral" rating to a "buy" rating and boosted their price target for the company from $76.00 to $103.00 in a research report on Monday, April 7th. Truist Financial upped their target price on shares of Dollar Tree from $89.00 to $100.00 and gave the stock a "buy" rating in a research report on Monday, June 2nd. The Goldman Sachs Group lowered shares of Dollar Tree from a "strong-buy" rating to a "strong sell" rating in a research report on Thursday, June 5th. Piper Sandler upped their target price 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. Finally, Loop Capital reiterated a "hold" rating on shares of Dollar Tree in a research report on Thursday, March 27th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Dollar Tree currently has an average rating of "Hold" and an average target price of $90.37.

Dollar Tree Stock Performance

Shares of NASDAQ:DLTR opened at $109.36 on Friday. The company has a market cap of $22.82 billion, a price-to-earnings ratio of -7.89, a price-to-earnings-growth ratio of 2.32 and a beta of 0.86. The company has a 50-day moving average price of $94.33 and a 200-day moving average price of $80.38. The company has a current ratio of 1.04, a quick ratio of 0.72 and a debt-to-equity ratio of 0.62. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $109.74.

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

Dollar Tree declared that its board has initiated a share buyback program on Wednesday, July 9th that authorizes the company to repurchase $2.50 billion in shares. This repurchase authorization authorizes the company to repurchase up to 11.5% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board of directors believes its shares are undervalued.

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.

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