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

Live Oak Private Wealth LLC boosted its holdings in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 42.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 170,040 shares of the company's stock after buying an additional 50,818 shares during the quarter. Dollar Tree makes up about 2.1% of Live Oak Private Wealth LLC's holdings, making the stock its 9th largest position. Live Oak Private Wealth LLC owned 0.08% of Dollar Tree worth $12,765,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of DLTR. Kovitz Investment Group Partners LLC grew its holdings in shares of Dollar Tree by 382.7% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 6,524,870 shares of the company's stock worth $488,974,000 after purchasing an additional 5,173,238 shares during the last quarter. Marshall Wace LLP grew its holdings in shares of Dollar Tree by 784.2% during the fourth quarter. Marshall Wace LLP now owns 4,377,366 shares of the company's stock worth $328,040,000 after purchasing an additional 3,882,324 shares during the last quarter. Balyasny Asset Management L.P. grew its holdings in shares of Dollar Tree by 2,489.9% during the fourth quarter. Balyasny Asset Management L.P. now owns 2,621,456 shares of the company's stock worth $196,452,000 after purchasing an additional 2,520,237 shares during the last quarter. Norges Bank purchased a new position in shares of Dollar Tree during the fourth quarter worth about $171,149,000. Finally, Capital International Investors grew its holdings in shares of Dollar Tree by 30.1% during the fourth quarter. Capital International Investors now owns 8,753,693 shares of the company's stock worth $656,000,000 after purchasing an additional 2,023,819 shares during the last quarter. Hedge funds and other institutional investors own 97.40% of the company's stock.

Dollar Tree Price Performance

Shares of DLTR traded down $0.01 during mid-day trading on Thursday, hitting $99.44. The company's stock had a trading volume of 2,397,334 shares, compared to its average volume of 4,213,061. The company has a current ratio of 1.04, a quick ratio of 0.72 and a debt-to-equity ratio of 0.62. The firm has a 50-day simple moving average of $89.49 and a 200 day simple moving average of $77.94. The firm has a market capitalization of $20.75 billion, a P/E ratio of -7.17, a P/E/G ratio of 2.76 and a beta of 0.84. Dollar Tree, Inc. has a 1-year low of $60.49 and a 1-year high of $109.36.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last posted its quarterly earnings results on Wednesday, June 4th. The company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.21 by $0.05. The business had revenue of $4.64 billion during the quarter, compared to analysts' expectations 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 quarterly revenue was up 11.3% compared to the same quarter last year. During the same period last year, the firm earned $1.43 EPS. Analysts predict that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on DLTR. Wells Fargo & Company set a $105.00 price objective on Dollar Tree and gave the stock an "overweight" rating in a report on Monday, June 2nd. UBS Group raised their price objective on Dollar Tree from $95.00 to $108.00 and gave the stock a "buy" rating in a report on Thursday, May 29th. JPMorgan Chase & Co. raised Dollar Tree from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $72.00 to $111.00 in a report on Thursday, June 5th. Piper Sandler increased their target price on shares of Dollar Tree from $72.00 to $93.00 and gave the stock a "neutral" rating in a research note on Thursday, June 5th. Finally, Bank of America decreased their target price on shares of Dollar Tree from $75.00 to $70.00 and set an "underperform" rating for the company in a research note on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $90.37.

Insider Buying and Selling

In other news, Director William W. Douglas III acquired 701 shares of Dollar Tree stock in a transaction that occurred on Wednesday, April 2nd. The stock was purchased 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 position. The transaction was disclosed in a document filed 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 on Monday, April 14th. The stock was sold at an average price of $74.70, for a total value of $92,478.60. Following the transaction, the chief accounting officer now directly owns 4,231 shares of the company's stock, valued at approximately $316,055.70. This represents a 22.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,616 shares of company stock valued at $2,112,402. 6.60% of the stock is owned by insiders.

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.