Venturi Wealth Management LLC Raises Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Venturi Wealth Management LLC grew its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 82.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,721 shares of the company’s stock after buying an additional 2,127 shares during the quarter. Venturi Wealth Management LLC’s holdings in Dollar Tree were worth $332,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mount Yale Investment Advisors LLC boosted its stake in Dollar Tree by 4.9% during the 1st quarter. Mount Yale Investment Advisors LLC now owns 1,985 shares of the company’s stock valued at $264,000 after purchasing an additional 93 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in Dollar Tree by 29.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 486 shares of the company’s stock worth $65,000 after buying an additional 110 shares in the last quarter. Valeo Financial Advisors LLC raised its position in Dollar Tree by 2.1% in the 2nd quarter. Valeo Financial Advisors LLC now owns 5,650 shares of the company’s stock worth $603,000 after buying an additional 116 shares during the last quarter. Raymond James Trust N.A. lifted its stake in Dollar Tree by 2.5% during the 2nd quarter. Raymond James Trust N.A. now owns 4,996 shares of the company’s stock valued at $533,000 after acquiring an additional 124 shares during the period. Finally, Burney Co. boosted its holdings in shares of Dollar Tree by 1.4% during the 1st quarter. Burney Co. now owns 9,598 shares of the company’s stock valued at $1,278,000 after acquiring an additional 131 shares during the last quarter. Institutional investors own 97.40% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DLTR. Guggenheim lowered their price objective on shares of Dollar Tree from $150.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, September 6th. Redburn Atlantic upgraded Dollar Tree to a “hold” rating in a research note on Monday, September 23rd. JPMorgan Chase & Co. upped their price objective on Dollar Tree from $70.00 to $82.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Morgan Stanley dropped their target price on Dollar Tree from $130.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 5th. Finally, Loop Capital lowered shares of Dollar Tree from a “buy” rating to a “hold” rating and set a $65.00 price target for the company. in a research report on Thursday, September 5th. Sixteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $88.11.

Dollar Tree Stock Performance

NASDAQ:DLTR opened at $62.27 on Wednesday. The stock has a 50-day moving average price of $68.41 and a 200 day moving average price of $93.54. The stock has a market capitalization of $13.39 billion, a P/E ratio of -12.76, a P/E/G ratio of 2.60 and a beta of 0.87. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $151.21. The company has a current ratio of 1.02, a quick ratio of 0.17 and a debt-to-equity ratio of 0.33.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Wednesday, September 4th. The company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.37). Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. The company had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.49 billion. During the same period last year, the business earned $0.91 earnings per share. The company’s quarterly revenue was up .7% compared to the same quarter last year. Equities research analysts forecast that Dollar Tree, Inc. will post 5.34 EPS for the current fiscal year.

Insider Buying and Selling at Dollar Tree

In related news, Director Daniel J. Heinrich acquired 2,200 shares of the company’s stock in a transaction on Friday, September 6th. The stock was acquired at an average price of $68.27 per share, with a total value of $150,194.00. Following the acquisition, the director now directly owns 9,823 shares of the company’s stock, valued at approximately $670,616.21. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 6.80% of the stock is currently owned by insiders.

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.