Dollar Tree, Inc. (NASDAQ:DLTR) is Live Oak Private Wealth LLC's 9th Largest Position

Live Oak Private Wealth LLC increased its holdings in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 42.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 170,040 shares of the company's stock after buying an additional 50,818 shares during the quarter. Dollar Tree accounts for about 2.1% of Live Oak Private Wealth LLC's investment portfolio, making the stock its 9th largest position. Live Oak Private Wealth LLC owned approximately 0.08% of Dollar Tree worth $12,765,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. increased its position in Dollar Tree by 4.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 17,086 shares of the company's stock worth $1,283,000 after buying an additional 733 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Dollar Tree by 49.0% during the 1st quarter. Blue Trust Inc. now owns 1,526 shares of the company's stock valued at $115,000 after acquiring an additional 502 shares during the period. United Advisor Group LLC bought a new stake in Dollar Tree during the 1st quarter worth approximately $290,000. State of Alaska Department of Revenue lifted its holdings in Dollar Tree by 2.6% during the first quarter. State of Alaska Department of Revenue now owns 23,638 shares of the company's stock valued at $1,774,000 after purchasing an additional 595 shares in the last quarter. Finally, CWA Asset Management Group LLC bought a new position in shares of Dollar Tree in the first quarter worth approximately $7,757,000. 97.40% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CMO Richard L. Mcneely sold 21,026 shares of Dollar Tree stock in a transaction dated Friday, June 6th. The shares were 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 now owns 50,419 shares in the company, valued at $4,770,645.78. This trade represents a 29.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Aditya Maheshwari sold 1,238 shares of Dollar Tree stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 4,231 shares of the company's stock, valued at $316,055.70. This represents a 22.64% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,616 shares of company stock valued at $2,112,402. Company insiders own 6.60% of the company's stock.

Dollar Tree Trading Down 1.8%

Shares of NASDAQ:DLTR traded down $1.83 during trading on Tuesday, hitting $98.68. The company had a trading volume of 2,900,134 shares, compared to its average volume of 4,224,387. The stock has a market cap of $20.59 billion, a price-to-earnings ratio of -7.12, a price-to-earnings-growth ratio of 2.78 and a beta of 0.84. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.04 and a quick ratio of 0.72. The company has a fifty day simple moving average of $88.56 and a two-hundred day simple moving average of $77.60. Dollar Tree, Inc. has a one year low of $60.49 and a one year high of $109.36.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its quarterly 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. Dollar Tree had a positive return on equity of 19.36% and a negative net margin of 12.15%. The company had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.52 billion. During the same period last year, the company earned $1.43 earnings per share. Dollar Tree's revenue was up 11.3% on a year-over-year basis. As a group, equities analysts forecast that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Analysts Set New Price Targets

DLTR has been the topic of several recent analyst reports. Sanford C. Bernstein set a $82.00 price objective on shares of Dollar Tree and gave the company a "market perform" rating in a research report on Monday, May 5th. Bank of America lowered their price objective on Dollar Tree from $75.00 to $70.00 and set an "underperform" rating on the stock in a research report on Tuesday, April 8th. Cfra Research raised Dollar Tree to a "hold" rating in a research note on Wednesday, May 28th. Citigroup raised Dollar Tree from a "neutral" rating to a "buy" rating and lifted their target price for the company from $76.00 to $103.00 in a research note on Monday, April 7th. Finally, BMO Capital Markets upped their price target on Dollar Tree from $80.00 to $85.00 and gave the stock a "market perform" rating in a research note on Thursday, June 5th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $90.37.

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.