Nicholas Hoffman & Company LLC. Increases Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Nicholas Hoffman & Company LLC. raised its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 104.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,647 shares of the company’s stock after acquiring an additional 8,006 shares during the period. Nicholas Hoffman & Company LLC.’s holdings in Dollar Tree were worth $1,100,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Mount Yale Investment Advisors LLC raised its position in Dollar Tree by 4.9% in the 1st quarter. Mount Yale Investment Advisors LLC now owns 1,985 shares of the company’s stock worth $264,000 after purchasing an additional 93 shares during the period. Salomon & Ludwin LLC lifted its stake in shares of Dollar Tree by 27.0% in the 1st quarter. Salomon & Ludwin LLC now owns 494 shares of the company’s stock valued at $66,000 after acquiring an additional 105 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Dollar Tree by 29.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 486 shares of the company’s stock valued at $65,000 after acquiring an additional 110 shares during the period. Valeo Financial Advisors LLC boosted its holdings in Dollar Tree by 2.1% during the 2nd quarter. Valeo Financial Advisors LLC now owns 5,650 shares of the company’s stock valued at $603,000 after acquiring an additional 116 shares during the period. Finally, Raymond James Trust N.A. grew its position 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 worth $533,000 after acquiring an additional 124 shares during the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.

Dollar Tree Price Performance

Shares of NASDAQ DLTR opened at $64.50 on Wednesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.17 and a current ratio of 1.02. The company has a 50 day simple moving average of $73.58 and a two-hundred day simple moving average of $97.27. Dollar Tree, Inc. has a fifty-two week low of $60.81 and a fifty-two week high of $151.21. The company has a market capitalization of $13.87 billion, a price-to-earnings ratio of -13.22, a P/E/G ratio of 2.95 and a beta of 0.86.

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 quarter in the previous year, the firm posted $0.91 EPS. The firm’s quarterly revenue was up .7% compared to the same quarter last year. Analysts expect that Dollar Tree, Inc. will post 5.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on DLTR. Citigroup dropped their price objective on Dollar Tree from $120.00 to $64.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. Piper Sandler cut their price target on shares of Dollar Tree from $112.00 to $67.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. Sanford C. Bernstein initiated coverage on shares of Dollar Tree in a research note on Tuesday, October 22nd. They set a “market perform” rating and a $76.00 price objective for the company. UBS Group cut their target price on Dollar Tree from $155.00 to $105.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Finally, JPMorgan Chase & Co. downgraded Dollar Tree from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $111.00 to $70.00 in a report on Wednesday, September 4th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $88.53.

Insider Buying and Selling at Dollar Tree

In other news, Director Daniel J. Heinrich purchased 2,200 shares of Dollar Tree stock in a transaction that occurred on Friday, September 6th. The stock was bought at an average price of $68.27 per share, with a total value of $150,194.00. Following the completion of the transaction, the director now directly owns 9,823 shares of the company’s stock, valued at approximately $670,616.21. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.80% of the stock is owned by company insiders.

Dollar Tree Company 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.