Laird Norton Wetherby Wealth Management LLC Takes Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Laird Norton Wetherby Wealth Management LLC purchased a new stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,928 shares of the company's stock, valued at approximately $219,000.

Several other institutional investors and hedge funds have also recently modified their holdings of DLTR. Principal Financial Group Inc. raised its stake in shares of Dollar Tree by 0.6% during the third quarter. Principal Financial Group Inc. now owns 232,455 shares of the company's stock valued at $16,346,000 after acquiring an additional 1,485 shares in the last quarter. Avanza Fonder AB bought a new stake in shares of Dollar Tree during the fourth quarter valued at approximately $1,563,000. Chemistry Wealth Management LLC raised its stake in shares of Dollar Tree by 17.7% during the fourth quarter. Chemistry Wealth Management LLC now owns 7,366 shares of the company's stock valued at $552,000 after acquiring an additional 1,106 shares in the last quarter. Kera Capital Partners Inc. bought a new stake in shares of Dollar Tree during the fourth quarter valued at approximately $227,000. Finally, MassMutual Private Wealth & Trust FSB raised its stake in Dollar Tree by 91.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company's stock worth $33,000 after buying an additional 210 shares in the last quarter. Institutional investors own 97.40% of the company's stock.

Insider Buying and Selling at Dollar Tree

In other Dollar Tree news, Director William W. Douglas III purchased 701 shares of the stock in a transaction on Wednesday, April 2nd. The shares were bought at an average cost of $75.00 per share, with a total value of $52,575.00. Following the completion of the acquisition, the director now owns 1,377 shares in the company, valued at $103,275. This trade represents a 103.70% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Aditya Maheshwari sold 1,238 shares of the company'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 sale, the chief accounting officer now directly owns 4,231 shares in the company, 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. 6.60% of the stock is owned by corporate insiders.

Dollar Tree Price Performance

NASDAQ DLTR opened at $86.51 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. The stock's fifty day moving average price is $75.76 and its 200 day moving average price is $72.67. Dollar Tree, Inc. has a 1 year low of $60.49 and a 1 year high of $121.92. The company has a market cap of $18.61 billion, a price-to-earnings ratio of -18.14, a PEG ratio of 2.16 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last released its earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.20 by ($0.09). Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The firm had revenue of $5 billion during the quarter, compared to analyst estimates of $8.23 billion. During the same period in the previous year, the company earned $2.55 earnings per share. Dollar Tree's revenue was up .7% on a year-over-year basis. As a group, equities research analysts forecast that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on DLTR shares. Wells Fargo & Company boosted their price objective on shares of Dollar Tree from $85.00 to $90.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 1st. Citigroup raised shares of Dollar Tree from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $76.00 to $103.00 in a research note on Monday, April 7th. Telsey Advisory Group boosted their price objective on shares of Dollar Tree from $75.00 to $82.00 and gave the stock a "market perform" rating in a research note on Thursday, March 27th. Sanford C. Bernstein set a $82.00 price objective on shares of Dollar Tree and gave the stock a "market perform" rating in a research note on Monday, May 5th. Finally, Loop Capital reissued a "hold" rating on shares of Dollar Tree in a research note on Thursday, March 27th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $82.68.

Dollar Tree Company 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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