Greenleaf Trust Takes Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Greenleaf Trust acquired a new position in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,913 shares of the company's stock, valued at approximately $219,000.

Other institutional investors have also recently made changes to their positions in the company. Bessemer Group Inc. increased its holdings in Dollar Tree by 34,600.0% in the 4th quarter. Bessemer Group Inc. now owns 347 shares of the company's stock worth $26,000 after acquiring an additional 346 shares in the last quarter. Assetmark Inc. grew its holdings in 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 buying an additional 149 shares in the last quarter. Hurley Capital LLC purchased a new stake in Dollar Tree during the 4th quarter valued at approximately $33,000. Murphy & Mullick Capital Management Corp purchased a new stake in Dollar Tree during the 4th quarter valued at approximately $43,000. Finally, CX Institutional purchased a new stake in Dollar Tree during the 1st quarter valued at approximately $43,000. Institutional investors own 97.40% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on DLTR shares. Wells Fargo & Company set a $105.00 price objective on shares of Dollar Tree and gave the company an "overweight" rating in a 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 report on Thursday, June 5th. Sanford C. Bernstein set a $82.00 target price on shares of Dollar Tree and gave the company a "market perform" rating in a report on Monday, May 5th. Piper Sandler raised their target price on shares of Dollar Tree from $72.00 to $93.00 and gave the company a "neutral" rating in a report on Thursday, June 5th. Finally, JPMorgan Chase & Co. raised shares of Dollar Tree from a "neutral" rating to an "overweight" rating and raised their target price for the company from $72.00 to $111.00 in a report on Thursday, June 5th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $90.37.

Insider Activity

In related news, CMO Richard L. Mcneely sold 21,026 shares of the business's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $94.62, for a total transaction of $1,989,480.12. Following the completion of the sale, the chief marketing officer owned 50,419 shares in the company, valued at $4,770,645.78. The trade was a 29.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 6.60% of the company's stock.

Dollar Tree Trading Down 0.2%

Shares of DLTR traded down $0.19 during midday trading on Wednesday, reaching $106.36. The company had a trading volume of 1,498,349 shares, compared to its average volume of 4,221,782. Dollar Tree, Inc. has a 1-year low of $60.49 and a 1-year high of $109.74. The stock has a market cap of $22.20 billion, a PE ratio of -7.67, a price-to-earnings-growth ratio of 2.33 and a beta of 0.86. The firm has a 50 day simple moving average of $95.28 and a 200-day simple moving average of $80.86. The company has a quick ratio of 0.72, a current ratio of 1.04 and a debt-to-equity ratio of 0.62.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its earnings results on Wednesday, June 4th. The company reported $1.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.21 by $0.05. The business had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.52 billion. Dollar Tree had a positive return on equity of 19.36% and a negative net margin of 12.15%. The company's revenue for the quarter was up 11.3% on a year-over-year basis. During the same period last year, the company earned $1.43 EPS. Research analysts forecast that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Dollar Tree declared that its board has approved a stock repurchase program on Wednesday, July 9th that permits the company to buyback $2.50 billion in outstanding shares. This buyback authorization permits the company to buy up to 11.5% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's leadership believes its stock is 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.