Elo Mutual Pension Insurance Co Takes Position in Dollar Tree, Inc. $DLTR

Key Points

• Elo Mutual Pension Insurance Co opened a new position in Dollar Tree in Q3, buying 18,941 shares worth about $1.79 million.
• Insider Brent A. Beebe sold 2,200 shares at an average price of $124.65 (a 13.8% reduction in his stake); institutional ownership is reported as very high (about 97.4%) while corporate insiders hold ~6.6%.
• Analysts are mixed: the consensus rating is "Hold" with an average target of $124.62, while individual price targets range roughly from $114 to $165 and several firms recently raised targets.

Elo Mutual Pension Insurance Co acquired a new stake in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 18,941 shares of the company's stock, valued at approximately $1,787,000.

Several other hedge funds have also recently bought and sold shares of the stock. Root Financial Partners LLC acquired a new position in shares of Dollar Tree in the third quarter valued at approximately $29,000. True Wealth Design LLC lifted its position in Dollar Tree by 372.5% in the 2nd quarter. True Wealth Design LLC now owns 378 shares of the company's stock valued at $37,000 after acquiring an additional 298 shares in the last quarter. MTM Investment Management LLC acquired a new position in Dollar Tree in the 2nd quarter worth $42,000. Smartleaf Asset Management LLC increased its holdings in Dollar Tree by 90.5% during the 3rd quarter. Smartleaf Asset Management LLC now owns 423 shares of the company's stock worth $40,000 after purchasing an additional 201 shares in the last quarter. Finally, Atlantic Union Bankshares Corp acquired a new stake in shares of Dollar Tree in the 3rd quarter valued at about $41,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Dollar Tree

In other news, insider Brent A. Beebe sold 2,200 shares of the company's stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $124.65, for a total value of $274,230.00. Following the sale, the insider directly owned 13,740 shares of the company's stock, valued at approximately $1,712,691. This represents a 13.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

DLTR has been the subject of several recent research reports. Citigroup reaffirmed a "neutral" rating and set a $132.00 price objective on shares of Dollar Tree in a research report on Friday, February 27th. UBS Group upped their price target on Dollar Tree from $135.00 to $138.00 and gave the stock a "buy" rating in a research report on Thursday, December 4th. Rothschild & Co Redburn set a $165.00 price objective on shares of Dollar Tree and gave the company a "buy" rating in a report on Tuesday, February 17th. Piper Sandler reissued a "neutral" rating and issued a $114.00 price objective (up from $108.00) on shares of Dollar Tree in a research report on Thursday, December 4th. Finally, Wells Fargo & Company increased their target price on shares of Dollar Tree from $125.00 to $145.00 and gave the stock an "overweight" rating in a report on Friday, December 19th. Eight research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and seven have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $124.62.

Dollar Tree Trading Down 0.5%

NASDAQ DLTR opened at $117.85 on Thursday. The company has a market cap of $23.43 billion, a PE ratio of -8.76, a PEG ratio of 1.51 and a beta of 0.73. The company has a current ratio of 0.96, a quick ratio of 0.22 and a debt-to-equity ratio of 0.70. Dollar Tree, Inc. has a 12 month low of $61.80 and a 12 month high of $142.40. The stock has a 50 day moving average of $127.33 and a 200-day moving average of $112.74.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its earnings results on Wednesday, December 3rd. The company reported $1.21 earnings per share for the quarter, topping analysts' consensus estimates of $1.09 by $0.12. The business had revenue of $4.75 billion for the quarter, compared to the consensus estimate of $4.70 billion. Dollar Tree had a negative net margin of 15.40% and a positive return on equity of 30.23%. The firm's revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.12 earnings per share. On average, equities research analysts anticipate that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Dollar Tree Company Profile

Dollar Tree, Inc is a North American discount retailer that operates a portfolio of value-oriented store banners, primarily Dollar Tree and Family Dollar. The company's stores offer a broad assortment of everyday items at low price points, including household essentials, food and snacks, health and beauty products, cleaning supplies, seasonal and party goods, home décor, and basic apparel. Dollar Tree's merchandising strategy emphasizes high-turnover branded and private-label merchandise tailored to budget-conscious consumers, with Family Dollar complementing the chain by offering a wider range of price points and assortment depth in smaller-format neighborhood locations.

Founded in 1986 and headquartered in Chesapeake, Virginia, Dollar Tree has grown through both organic store openings and acquisitions.

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