Vontobel Holding Ltd. Raises Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Vontobel Holding Ltd. grew its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 31.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,344 shares of the company's stock after acquiring an additional 2,974 shares during the quarter. Vontobel Holding Ltd.'s holdings in Dollar Tree were worth $927,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of DLTR. Jones Financial Companies Lllp increased its position in shares of Dollar Tree by 50.7% during the fourth quarter. Jones Financial Companies Lllp now owns 2,324 shares of the company's stock valued at $174,000 after acquiring an additional 782 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its position in shares of Dollar Tree by 247.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,616 shares of the company's stock valued at $421,000 after buying an additional 4,001 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Dollar Tree by 10.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,386,357 shares of the company's stock valued at $103,894,000 after buying an additional 132,934 shares during the last quarter. Assetmark Inc. increased its holdings in Dollar Tree by 74.1% in the 4th quarter. Assetmark Inc. now owns 350 shares of the company's stock worth $26,000 after buying an additional 149 shares in the last quarter. Finally, M&T Bank Corp boosted its holdings in shares of Dollar Tree by 21.6% during the 4th quarter. M&T Bank Corp now owns 14,945 shares of the company's stock valued at $1,119,000 after acquiring an additional 2,655 shares during the last quarter. Institutional investors own 97.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on DLTR. Bank of America lowered their price objective on shares of 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 upgraded Dollar Tree to a "hold" rating in a research note on Wednesday, May 28th. Citigroup raised shares of Dollar Tree from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $76.00 to $103.00 in a research note on Monday, April 7th. The Goldman Sachs Group cut Dollar Tree from a "strong-buy" rating to a "strong sell" rating in a research report on Thursday, June 5th. Finally, Telsey Advisory Group restated a "market perform" rating and set a $95.00 target price on shares of Dollar Tree in a research report on Wednesday, June 4th. Two investment 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 data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $90.37.

Dollar Tree Trading Up 2.3%

Dollar Tree stock traded up $2.32 during midday trading on Monday, reaching $104.23. The stock had a trading volume of 2,845,820 shares, compared to its average volume of 4,220,139. The company has a quick ratio of 0.72, a current ratio of 1.04 and a debt-to-equity ratio of 0.62. The firm has a market cap of $21.75 billion, a price-to-earnings ratio of -7.52, a price-to-earnings-growth ratio of 2.19 and a beta of 0.86. Dollar Tree, Inc. has a 52-week low of $60.49 and a 52-week high of $108.93. The company has a fifty day moving average of $91.88 and a 200 day moving average of $79.33.

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 for the quarter, topping the consensus estimate of $1.21 by $0.05. The firm had revenue of $4.64 billion for 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 in the prior year, the business posted $1.43 earnings per share. On average, analysts anticipate that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Insider Activity

In other news, 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 completion of the sale, the chief accounting officer owned 4,231 shares of the company's stock, valued at approximately $316,055.70. The trade was a 22.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CMO Richard L. Mcneely sold 21,026 shares of the firm's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $94.62, for a total value of $1,989,480.12. Following the transaction, 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 disclosure for this sale can be found here. Over the last three months, insiders sold 22,439 shares of company stock valued at $2,099,028. 6.60% of the stock is owned by corporate insiders.

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.