Pekin Hardy Strauss Inc. Acquires New Shares in Dollar Tree, Inc. (NASDAQ:DLTR)

Pekin Hardy Strauss Inc. bought a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) in the 4th quarter, HoldingsChannel.com reports. The fund bought 9,551 shares of the company’s stock, valued at approximately $1,357,000.

Other hedge funds also recently made changes to their positions in the company. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Dollar Tree during the third quarter worth $26,000. Operose Advisors LLC bought a new position in shares of Dollar Tree during the 3rd quarter worth approximately $34,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Dollar Tree during the 4th quarter worth approximately $35,000. City State Bank increased its stake in shares of Dollar Tree by 200.0% in the 4th quarter. City State Bank now owns 300 shares of the company’s stock valued at $43,000 after acquiring an additional 200 shares in the last quarter. Finally, Mendota Financial Group LLC bought a new position in Dollar Tree during the fourth quarter worth $52,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on DLTR shares. Guggenheim increased their price objective on shares of Dollar Tree from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Piper Sandler cut their price target on Dollar Tree from $171.00 to $168.00 and set an “overweight” rating on the stock in a report on Thursday, March 14th. Evercore ISI dropped their price objective on shares of Dollar Tree from $144.00 to $142.00 and set an “in-line” rating on the stock in a research note on Tuesday, April 16th. Telsey Advisory Group reissued an “outperform” rating and set a $160.00 target price on shares of Dollar Tree in a research report on Thursday, March 14th. Finally, Gordon Haskett cut shares of Dollar Tree from a “buy” rating to a “hold” rating and dropped their price target for the company from $150.00 to $140.00 in a research report on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $150.05.

Dollar Tree Trading Down 0.5 %

NASDAQ:DLTR opened at $118.25 on Wednesday. The company has a current ratio of 1.31, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. The firm’s 50 day moving average is $133.06 and its 200 day moving average is $129.39. Dollar Tree, Inc. has a 12 month low of $102.77 and a 12 month high of $161.10. The stock has a market capitalization of $25.78 billion, a PE ratio of -25.60, a price-to-earnings-growth ratio of 1.12 and a beta of 0.90.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Wednesday, March 13th. The company reported $2.55 earnings per share for the quarter, missing the consensus estimate of $2.67 by ($0.12). Dollar Tree had a positive return on equity of 15.11% and a negative net margin of 3.26%. The firm had revenue of $8.63 billion for the quarter, compared to the consensus estimate of $8.66 billion. During the same quarter in the previous year, the company posted $2.04 EPS. The firm’s revenue was up 11.9% compared to the same quarter last year. Sell-side analysts expect that Dollar Tree, Inc. will post 6.91 earnings per share for the current year.

Insider Buying and Selling at Dollar Tree

In related news, Director Daniel J. Heinrich purchased 1,000 shares of Dollar Tree stock in a transaction dated Monday, March 18th. The stock was bought at an average cost of $127.85 per share, for a total transaction of $127,850.00. Following the completion of the transaction, the director now owns 6,225 shares in the company, valued at $795,866.25. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Daniel J. Heinrich acquired 1,000 shares of the business’s stock in a transaction dated Monday, March 18th. The stock was bought at an average cost of $127.85 per share, for a total transaction of $127,850.00. Following the completion of the transaction, the director now owns 6,225 shares of the company’s stock, valued at $795,866.25. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jeffrey A. Davis bought 1,800 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were purchased at an average cost of $136.00 per share, for a total transaction of $244,800.00. Following the acquisition, the chief financial officer now directly owns 19,047 shares in the company, valued at approximately $2,590,392. The disclosure for this purchase can be found here. Insiders own 6.00% 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.