Geller Advisors LLC Takes $233,000 Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Geller Advisors LLC acquired a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,104 shares of the company's stock, valued at approximately $233,000.

A number of other institutional investors have also recently bought and sold shares of the company. Gotham Asset Management LLC grew its holdings in shares of Dollar Tree by 72.6% in the 4th quarter. Gotham Asset Management LLC now owns 44,621 shares of the company's stock valued at $3,344,000 after buying an additional 18,764 shares during the period. Graham Capital Management L.P. acquired a new position in Dollar Tree in the fourth quarter valued at about $387,000. Focus Partners Wealth increased its holdings in shares of Dollar Tree by 16.3% in the fourth quarter. Focus Partners Wealth now owns 10,433 shares of the company's stock worth $782,000 after acquiring an additional 1,465 shares in the last quarter. Fund 1 Investments LLC bought a new stake in shares of Dollar Tree in the fourth quarter worth about $7,041,000. Finally, EdgePoint Investment Group Inc. lifted its holdings in shares of Dollar Tree by 14.4% during the 4th quarter. EdgePoint Investment Group Inc. now owns 7,940,163 shares of the company's stock valued at $595,036,000 after purchasing an additional 1,000,637 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company's stock.

Wall Street Analysts Forecast Growth

DLTR has been the subject of a number of research reports. Wells Fargo & Company increased their price objective on Dollar Tree from $85.00 to $90.00 and gave the stock an "overweight" rating in a report on Tuesday, April 1st. Telsey Advisory Group boosted their price objective on shares of Dollar Tree from $75.00 to $82.00 and gave the stock a "market perform" rating in a research report on Thursday, March 27th. Truist Financial raised their target price on shares of Dollar Tree from $84.00 to $89.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Guggenheim reissued a "buy" rating and set a $100.00 price target (up from $95.00) on shares of Dollar Tree in a research report on Monday, May 5th. Finally, Loop Capital restated a "hold" rating on shares of Dollar Tree in a report on Thursday, March 27th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Dollar Tree has a consensus rating of "Hold" and a consensus price target of $82.68.

Dollar Tree Stock Performance

NASDAQ:DLTR opened at $85.51 on Friday. The stock has a 50 day simple moving average of $73.91 and a 200 day simple moving average of $71.93. The stock has a market cap of $18.39 billion, a P/E ratio of -17.93, a PEG ratio of 2.16 and a beta of 0.87. Dollar Tree, Inc. has a 1-year low of $60.49 and a 1-year high of $123.17. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its quarterly earnings data on Wednesday, March 26th. The company reported $2.11 earnings per share for the quarter, missing the consensus estimate of $2.20 by ($0.09). Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The business had revenue of $5 billion during the quarter, compared to analyst estimates of $8.23 billion. During the same quarter last year, the firm earned $2.55 EPS. Dollar Tree's revenue for the quarter was up .7% compared to the same quarter last year. Research analysts anticipate that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Insider Buying and Selling at Dollar Tree

In other Dollar Tree news, CAO Aditya Maheshwari sold 1,238 shares of the business's 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 transaction, the chief accounting officer now directly owns 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director William W. Douglas III bought 701 shares of Dollar Tree stock in a transaction on Wednesday, April 2nd. The stock was acquired at an average cost of $75.00 per share, for a total transaction of $52,575.00. Following the acquisition, the director now owns 1,377 shares in the company, valued at approximately $103,275. This represents a 103.70 % increase in their position. The disclosure for this purchase can be found here. Insiders own 6.80% 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.

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