United Advisor Group LLC Buys Shares of 3,865 Dollar Tree, Inc. (NASDAQ:DLTR)

United Advisor Group LLC purchased a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,865 shares of the company's stock, valued at approximately $290,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Dollar Tree by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 23,450,228 shares of the company's stock valued at $1,757,360,000 after acquiring an additional 163,368 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its position in shares of Dollar Tree by 5.7% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 9,920,748 shares of the company's stock worth $743,461,000 after purchasing an additional 533,920 shares during the period. Capital International Investors boosted its stake in shares of Dollar Tree by 30.1% in the 4th quarter. Capital International Investors now owns 8,753,693 shares of the company's stock valued at $656,000,000 after purchasing an additional 2,023,819 shares during the last quarter. EdgePoint Investment Group Inc. increased its position in shares of Dollar Tree by 14.4% during the fourth quarter. EdgePoint Investment Group Inc. now owns 7,940,163 shares of the company's stock worth $595,036,000 after buying an additional 1,000,637 shares during the period. Finally, Kovitz Investment Group Partners LLC increased its position 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 buying an additional 5,173,238 shares during the period. Institutional investors and hedge funds own 97.40% of the company's stock.

Insider Activity at Dollar Tree

In related news, CAO Aditya Maheshwari sold 1,238 shares of the stock in a transaction dated 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 approximately $316,055.70. This represents a 22.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director William W. Douglas III acquired 701 shares of Dollar Tree stock in a transaction on Wednesday, April 2nd. The shares were purchased at an average price of $75.00 per share, with a total value of $52,575.00. Following the completion of the purchase, the director now owns 1,377 shares in the company, valued at $103,275. This represents a 103.70% increase in their position. The disclosure for this purchase can be found here. Insiders have sold 22,441 shares of company stock worth $2,095,333 over the last 90 days. 6.60% of the stock is owned by company insiders.

Dollar Tree Price Performance

Shares of NASDAQ DLTR opened at $98.71 on Friday. The stock has a fifty day moving average of $87.48 and a 200-day moving average of $77.20. The stock has a market cap of $20.60 billion, a PE ratio of -7.12, a price-to-earnings-growth ratio of 2.71 and a beta of 0.84. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.72 and a current ratio of 1.04. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week high of $109.36.

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

Wall Street Analyst Weigh In

Several research firms recently issued reports on DLTR. Telsey Advisory Group restated a "market perform" rating and issued a $95.00 target price on shares of Dollar Tree in a report on Wednesday, June 4th. Truist Financial upped their price objective on shares of Dollar Tree from $89.00 to $100.00 and gave the company a "buy" rating in a report on Monday, June 2nd. JPMorgan Chase & Co. upgraded 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 research note on Thursday, June 5th. Guggenheim reaffirmed a "buy" rating and issued a $100.00 target price on shares of Dollar Tree in a research report on Thursday, June 5th. Finally, Sanford C. Bernstein set a $82.00 price target on Dollar Tree and gave the stock a "market perform" rating in a report on Monday, May 5th. Two equities research analysts have 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, Dollar Tree presently has an average rating of "Hold" and an average target price of $90.26.

About Dollar Tree

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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