Dollar Tree, Inc. (NASDAQ:DLTR) Stock Position Lifted by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 50.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,724 shares of the company's stock after acquiring an additional 4,619 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Dollar Tree were worth $1,030,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Proficio Capital Partners LLC acquired a new position in shares of Dollar Tree during the 4th quarter worth approximately $4,706,000. Parkside Financial Bank & Trust lifted its position in shares of Dollar Tree by 120.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 424 shares of the company's stock valued at $32,000 after acquiring an additional 232 shares in the last quarter. Metis Global Partners LLC boosted its stake in shares of Dollar Tree by 3.4% during the fourth quarter. Metis Global Partners LLC now owns 6,773 shares of the company's stock valued at $508,000 after acquiring an additional 220 shares during the last quarter. SRS Capital Advisors Inc. increased its position in Dollar Tree by 3,857.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,781 shares of the company's stock worth $133,000 after purchasing an additional 1,736 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its holdings 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 worth $174,000 after buying an additional 782 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on DLTR shares. JPMorgan Chase & Co. upgraded Dollar Tree from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $72.00 to $111.00 in a report on Thursday, June 5th. Sanford C. Bernstein set a $82.00 target price on Dollar Tree and gave the company a "market perform" rating in a report on Monday, May 5th. Evercore ISI upped their price target on Dollar Tree from $92.00 to $94.00 and gave the stock an "in-line" rating in a research note on Tuesday, June 24th. Citigroup upgraded Dollar Tree from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $76.00 to $103.00 in a report on Monday, April 7th. Finally, Morgan Stanley raised their price target on shares of Dollar Tree from $80.00 to $96.00 and gave the company an "equal weight" rating in a report on Thursday, June 5th. 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 company. According to data from MarketBeat.com, Dollar Tree currently has an average rating of "Hold" and a consensus target price of $90.37.

Dollar Tree Stock Up 1.5%

DLTR stock traded up $1.51 during mid-day trading on Wednesday, hitting $103.01. 2,959,793 shares of the company were exchanged, compared to its average volume of 4,199,562. The company has a market capitalization of $21.50 billion, a PE ratio of -7.43, a price-to-earnings-growth ratio of 2.74 and a beta of 0.86. The firm has a fifty day simple moving average of $90.65 and a 200 day simple moving average of $78.58. 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, Inc. has a twelve month low of $60.49 and a twelve month high of $108.93.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its earnings results on Wednesday, June 4th. The company reported $1.26 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $4.52 billion. During the same quarter last year, the firm earned $1.43 EPS. The business's revenue was up 11.3% on a year-over-year basis. On average, research analysts forecast that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Insider Activity at Dollar Tree

In related news, CMO Richard L. Mcneely sold 21,026 shares of the firm's stock in a transaction that occurred 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 sale, the chief marketing officer owned 50,419 shares of the company's stock, valued at approximately $4,770,645.78. This trade represents a 29.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Aditya Maheshwari sold 1,238 shares of the firm's stock in a transaction on Monday, April 14th. The shares were sold at an average price of $74.70, for a total value of $92,478.60. Following the completion of the sale, the chief accounting officer owned 4,231 shares in the company, valued at $316,055.70. The trade was a 22.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,439 shares of company stock valued at $2,099,028 over the last ninety days. Corporate insiders own 6.60% of the company's stock.

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.