Cresset Asset Management LLC Has $464,000 Stock Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Cresset Asset Management LLC reduced its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 55.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,197 shares of the company’s stock after selling 7,809 shares during the quarter. Cresset Asset Management LLC’s holdings in Dollar Tree were worth $464,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Cary Street Partners Financial LLC acquired a new position in Dollar Tree during the 4th quarter valued at $164,000. Balyasny Asset Management L.P. raised its stake in Dollar Tree by 2,489.9% during the 4th quarter. Balyasny Asset Management L.P. now owns 2,621,456 shares of the company’s stock valued at $196,452,000 after purchasing an additional 2,520,237 shares during the last quarter. Benchstone Capital Management LP acquired a new position in Dollar Tree during the 4th quarter valued at $7,590,000. Alyeska Investment Group L.P. raised its stake in Dollar Tree by 205.3% during the 4th quarter. Alyeska Investment Group L.P. now owns 201,040 shares of the company’s stock valued at $15,066,000 after purchasing an additional 135,182 shares during the last quarter. Finally, Ancora Advisors LLC raised its stake in Dollar Tree by 457,400.0% during the 4th quarter. Ancora Advisors LLC now owns 9,150 shares of the company’s stock valued at $686,000 after purchasing an additional 9,148 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Dollar Tree Stock Up 0.4%

DLTR opened at $86.06 on Thursday. The firm’s 50-day simple moving average is $74.96 and its 200-day simple moving average is $72.31. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. Dollar Tree, Inc. has a twelve month low of $60.49 and a twelve month high of $123.17. The firm has a market cap of $18.51 billion, a price-to-earnings ratio of -18.04, a PEG ratio of 2.16 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Wednesday, March 26th. The company reported $2.11 EPS for the quarter, missing analysts’ consensus estimates 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 period in the prior year, the company earned $2.55 EPS. The firm’s revenue was up .7% compared to the same quarter last year. Equities research analysts anticipate that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Insiders Place Their Bets

In other Dollar Tree news, CAO Aditya Maheshwari sold 1,238 shares of the stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $74.70, for a total transaction of $92,478.60. Following the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William W. Douglas III acquired 701 shares of the firm’s stock in a transaction on Wednesday, April 2nd. The shares were bought 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. The trade was a 103.70% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 6.60% of the company’s stock.

Wall Street Analysts Forecast Growth

DLTR has been the subject of several research analyst reports. JPMorgan Chase & Co. cut their target price on shares of Dollar Tree from $88.00 to $78.00 and set a “neutral” rating for the company in a research note on Thursday, March 27th. Citigroup raised shares of Dollar Tree from a “neutral” rating to a “buy” rating and boosted their price target for the company from $76.00 to $103.00 in a report on Monday, April 7th. Truist Financial boosted their price target on shares of Dollar Tree from $84.00 to $89.00 and gave the company a “buy” rating in a report on Tuesday, May 6th. Bank of America lowered their price target on shares of Dollar Tree from $75.00 to $70.00 and set an “underperform” rating on the stock in a report on Tuesday, April 8th. Finally, Sanford C. Bernstein set a $82.00 price target on shares of Dollar Tree and gave the company a “market perform” rating in a report on Monday, May 5th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $82.68.

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.