Chemistry Wealth Management LLC Has $811,000 Stake in Dollar Tree, Inc. (NASDAQ:DLTR)

Chemistry Wealth Management LLC raised its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 46.7% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 10,804 shares of the company's stock after purchasing an additional 3,438 shares during the period. Chemistry Wealth Management LLC's holdings in Dollar Tree were worth $811,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Veracity Capital LLC acquired a new position in Dollar Tree during the 1st quarter valued at about $237,000. Sentry Investment Management LLC acquired a new position in Dollar Tree during the 1st quarter valued at about $48,000. NBC Securities Inc. lifted its position in shares of Dollar Tree by 121,150.0% during the 1st quarter. NBC Securities Inc. now owns 2,425 shares of the company's stock worth $182,000 after buying an additional 2,423 shares in the last quarter. Czech National Bank lifted its position in shares of Dollar Tree by 6.0% during the 1st quarter. Czech National Bank now owns 46,427 shares of the company's stock worth $3,485,000 after buying an additional 2,609 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in shares of Dollar Tree by 14.0% during the 1st quarter. Rhumbline Advisers now owns 410,473 shares of the company's stock worth $30,814,000 after buying an additional 50,374 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company's stock.

Insider Activity

In other news, CAO Aditya Maheshwari sold 1,238 shares of the business's 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 completion of the transaction, the chief accounting officer now directly owns 4,231 shares in the company, valued at $316,055.70. The trade was a 22.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director William W. Douglas III bought 701 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The stock was bought at an average price of $75.00 per share, with a total value of $52,575.00. Following the completion of the transaction, the director now directly owns 1,377 shares of the company's stock, valued at $103,275. This represents a 103.70% increase in their position. The disclosure for this purchase can be found here. Company insiders own 6.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on DLTR shares. Loop Capital reissued a "hold" rating on shares of Dollar Tree in a research report on Thursday, March 27th. Cfra Research raised shares of Dollar Tree to a "hold" rating in a research report on Wednesday, May 28th. Wells Fargo & Company set a $105.00 target price on shares of Dollar Tree and gave the stock an "overweight" rating in a research report on Monday, June 2nd. BMO Capital Markets lifted their target price on shares of Dollar Tree from $80.00 to $85.00 and gave the stock a "market perform" rating in a research report on Thursday. Finally, Telsey Advisory Group reissued a "market perform" rating and set a $95.00 target price on shares of Dollar Tree in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $90.26.

Dollar Tree Trading Down 2.2%

Shares of DLTR stock opened at $94.50 on Friday. The company's fifty day simple moving average is $82.48 and its two-hundred day simple moving average is $75.34. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. Dollar Tree, Inc. has a 1 year low of $60.49 and a 1 year high of $112.71. The stock has a market capitalization of $20.33 billion, a price-to-earnings ratio of -19.81, a PEG ratio of 2.16 and a beta of 0.84.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last released its quarterly earnings results on Wednesday, June 4th. The company reported $1.26 EPS for the quarter, beating analysts' consensus estimates of $1.21 by $0.05. The firm had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.52 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The business's revenue for the quarter was up 11.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.43 EPS. As a group, analysts anticipate that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

About Dollar Tree

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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