Wealthquest Corp Makes New $287,000 Investment in Dollar Tree, Inc. (NASDAQ:DLTR)

Wealthquest Corp bought a new stake in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,819 shares of the company's stock, valued at approximately $287,000.

A number of other large investors also recently made changes to their positions in DLTR. Assetmark Inc. increased its stake in Dollar Tree by 74.1% in the 4th quarter. Assetmark Inc. now owns 350 shares of the company's stock valued at $26,000 after buying an additional 149 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of Dollar Tree by 34,600.0% in the fourth quarter. Bessemer Group Inc. now owns 347 shares of the company's stock valued at $26,000 after acquiring an additional 346 shares in the last quarter. Parkside Financial Bank & Trust increased its position in shares of Dollar Tree by 120.8% during 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 during the last quarter. Hurley Capital LLC purchased a new stake in shares of Dollar Tree during the fourth quarter valued at approximately $33,000. Finally, Murphy & Mullick Capital Management Corp bought a new stake in Dollar Tree during the fourth quarter worth $43,000. 97.40% of the stock is owned by institutional investors.

Dollar Tree Stock Performance

Shares of NASDAQ DLTR traded up $0.77 during mid-day trading on Wednesday, hitting $99.45. The company had a trading volume of 2,778,497 shares, compared to its average volume of 4,218,627. 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 1 year low of $60.49 and a 1 year high of $109.36. The company has a market capitalization of $20.76 billion, a price-to-earnings ratio of -7.18, a P/E/G ratio of 2.78 and a beta of 0.84. The stock's 50-day moving average price is $88.56 and its 200-day moving average price is $77.60.

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 business had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.52 billion. During the same quarter last year, the company earned $1.43 EPS. The firm's revenue was up 11.3% compared to the same quarter last year. On average, sell-side analysts forecast that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on DLTR. BMO Capital Markets upped their price objective on Dollar Tree from $80.00 to $85.00 and gave the company a "market perform" rating in a research note on Thursday, June 5th. Bank of America reduced their price target on shares of Dollar Tree from $75.00 to $70.00 and set an "underperform" rating for the company in a research report on Tuesday, April 8th. Wells Fargo & Company set a $105.00 price objective on shares of Dollar Tree and gave the stock an "overweight" rating in a research report on Monday, June 2nd. JPMorgan Chase & Co. upgraded shares of Dollar Tree from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $72.00 to $111.00 in a research note on Thursday, June 5th. Finally, Telsey Advisory Group restated a "market perform" rating and set a $95.00 price target on shares of Dollar Tree in a research note on Wednesday, June 4th. Two 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. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $90.37.

Insider Buying and Selling

In other Dollar Tree news, CMO Richard L. Mcneely sold 21,026 shares of the company's stock in a transaction dated 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 now directly owns 50,419 shares in the company, valued at $4,770,645.78. This represents a 29.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William W. Douglas III purchased 701 shares of the company's stock in a transaction dated Wednesday, April 2nd. The shares were acquired at an average price of $75.00 per share, with a total value of $52,575.00. Following the transaction, the director now owns 1,377 shares in the company, valued at approximately $103,275. The trade was a 103.70% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 22,616 shares of company stock valued at $2,112,402. Company insiders own 6.60% of the company's stock.

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.