Vontobel Holding Ltd. Acquires 2,974 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Vontobel Holding Ltd. lifted its holdings in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 31.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,344 shares of the company's stock after buying 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 institutional investors also recently bought and sold shares of DLTR. Jones Financial Companies Lllp grew its stake in shares of Dollar Tree by 50.7% in the fourth quarter. Jones Financial Companies Lllp now owns 2,324 shares of the company's stock valued at $174,000 after buying an additional 782 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its stake in shares of Dollar Tree by 247.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,616 shares of the company's stock worth $421,000 after acquiring an additional 4,001 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in 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 purchasing an additional 132,934 shares during the last quarter. Assetmark Inc. boosted its position in Dollar Tree by 74.1% during the fourth quarter. Assetmark Inc. now owns 350 shares of the company's stock valued at $26,000 after purchasing an additional 149 shares during the last quarter. Finally, M&T Bank Corp increased its stake in shares of Dollar Tree by 21.6% in the fourth quarter. M&T Bank Corp now owns 14,945 shares of the company's stock worth $1,119,000 after purchasing an additional 2,655 shares during the period. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CAO Aditya Maheshwari sold 1,238 shares of the company's 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 completion of the transaction, the chief accounting officer owned 4,231 shares of the company's stock, valued at $316,055.70. This represents a 22.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CMO Richard L. Mcneely sold 21,026 shares of the stock in a transaction that occurred on 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 directly owned 50,419 shares of the company's stock, valued at $4,770,645.78. This trade represents a 29.43% decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,439 shares of company stock valued at $2,099,028 in the last quarter. 6.60% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Bank of America reduced their target price on Dollar Tree from $75.00 to $70.00 and set an "underperform" rating on the stock in a report on Tuesday, April 8th. Wells Fargo & Company set a $105.00 price objective on shares of Dollar Tree and gave the company an "overweight" rating in a research report on Monday, June 2nd. Loop Capital reiterated a "hold" rating on shares of Dollar Tree in a report on Thursday, March 27th. Cfra Research upgraded Dollar Tree to a "hold" rating in a report on Wednesday, May 28th. Finally, Truist Financial raised their price objective on shares of Dollar Tree from $89.00 to $100.00 and gave the stock a "buy" rating in a research report on Monday, June 2nd. Two investment 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. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $90.37.

Dollar Tree Stock Performance

DLTR stock traded down $0.08 on Tuesday, hitting $104.15. The company had a trading volume of 1,524,276 shares, compared to its average volume of 4,209,695. The stock's 50-day simple moving average is $92.36 and its 200 day simple moving average is $79.54. The stock has a market cap of $21.74 billion, a price-to-earnings ratio of -7.51, a P/E/G ratio of 2.19 and a beta of 0.86. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $108.93. The company has a current ratio of 1.04, a quick ratio of 0.72 and a debt-to-equity ratio of 0.62.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its quarterly earnings data on Wednesday, June 4th. The company reported $1.26 EPS for the quarter, topping analysts' consensus estimates 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 negative net margin of 12.15% and a positive return on equity of 19.36%. The business's revenue was up 11.3% on a year-over-year basis. During the same period last year, the company posted $1.43 EPS. As a group, equities research analysts expect that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

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.