United Capital Financial Advisors LLC Acquires Shares of 9,975 Dollar Tree, Inc. (NASDAQ:DLTR)

United Capital Financial Advisors LLC purchased a new stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,975 shares of the company's stock, valued at approximately $747,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DLTR. Assetmark Inc. grew its stake in shares of Dollar Tree by 74.1% in the fourth quarter. Assetmark Inc. now owns 350 shares of the company's stock valued at $26,000 after buying an additional 149 shares in the last quarter. Bessemer Group Inc. raised its stake in shares of Dollar Tree by 34,600.0% during the fourth quarter. Bessemer Group Inc. now owns 347 shares of the company's stock valued at $26,000 after purchasing an additional 346 shares during the period. Versant Capital Management Inc acquired a new position in shares of Dollar Tree during the fourth quarter worth $30,000. Parkside Financial Bank & Trust boosted its stake 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 purchasing an additional 232 shares during the period. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in Dollar Tree by 91.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company's stock valued at $33,000 after purchasing an additional 210 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Dollar Tree

In other Dollar Tree news, Director William W. Douglas III acquired 701 shares of Dollar Tree stock in a transaction on Wednesday, April 2nd. The stock was purchased at an average price of $75.00 per share, for a total transaction of $52,575.00. Following the purchase, the director now directly owns 1,377 shares of the company's stock, valued at $103,275. This trade represents a 103.70 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Aditya Maheshwari sold 1,238 shares of the stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $74.70, for a total transaction of $92,478.60. Following the transaction, the chief accounting officer now owns 4,231 shares of the company's stock, valued at $316,055.70. This represents a 22.64 % decrease in their position. The disclosure for this sale can be found here. 6.80% of the stock is owned by company insiders.

Dollar Tree Trading Down 0.8 %

NASDAQ DLTR traded down $0.64 during trading on Friday, reaching $80.59. 1,357,739 shares of the stock traded hands, compared to its average volume of 3,979,345. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week high of $123.17. The firm has a market cap of $17.33 billion, a price-to-earnings ratio of -16.92, a price-to-earnings-growth ratio of 2.16 and a beta of 0.87. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. The stock's 50-day moving average price is $71.84 and its 200 day moving average price is $70.78.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last released its earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share (EPS) 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 company had revenue of $5 billion for the quarter, compared to the consensus estimate of $8.23 billion. During the same quarter in the previous year, the company posted $2.55 EPS. The business's revenue was up .7% on a year-over-year basis. Analysts predict that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Truist Financial set a $84.00 price objective on Dollar Tree in a research note on Thursday, March 27th. UBS Group decreased their price objective on shares of Dollar Tree from $105.00 to $95.00 and set a "buy" rating for the company in a report on Friday, March 21st. Evercore ISI upped their target price on shares of Dollar Tree from $79.00 to $85.00 and gave the company an "in-line" rating in a research note on Thursday, March 27th. Wells Fargo & Company lifted their price target on Dollar Tree from $85.00 to $90.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 1st. Finally, Bank of America cut their price objective on Dollar Tree from $75.00 to $70.00 and set an "underperform" rating on the stock in a research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $81.84.

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.