Snowden Capital Advisors LLC Has $227,000 Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Snowden Capital Advisors LLC lowered its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 66.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,033 shares of the company’s stock after selling 6,032 shares during the period. Snowden Capital Advisors LLC’s holdings in Dollar Tree were worth $227,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bessemer Group Inc. lifted its position in shares of Dollar Tree by 34,600.0% in the fourth quarter. Bessemer Group Inc. now owns 347 shares of the company’s stock worth $26,000 after buying an additional 346 shares during the last quarter. Assetmark Inc. increased 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 worth $26,000 after purchasing an additional 149 shares during the period. Parkside Financial Bank & Trust increased 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 worth $32,000 after purchasing an additional 232 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in shares of Dollar Tree by 91.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock worth $33,000 after purchasing an additional 210 shares during the period. Finally, Hurley Capital LLC bought a new position in shares of Dollar Tree in the fourth quarter worth about $33,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

Insider Transactions at Dollar Tree

In other Dollar Tree news, Director William W. Douglas III bought 701 shares of Dollar Tree stock in a transaction dated Wednesday, April 2nd. The shares were acquired at an average cost of $75.00 per share, with a total value of $52,575.00. Following the acquisition, the director now directly owns 1,377 shares of the company’s stock, valued at $103,275. The trade was a 103.70% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Aditya Maheshwari sold 1,238 shares of the company’s stock in a transaction on Monday, April 14th. The stock was sold at an average price of $74.70, for a total value of $92,478.60. Following the transaction, the chief accounting officer now directly owns 4,231 shares in the company, valued at approximately $316,055.70. This represents a 22.64% decrease in their position. The disclosure for this sale can be found here. 6.60% of the stock is owned by company insiders.

Dollar Tree Stock Down 2.0%

NASDAQ DLTR opened at $88.17 on Friday. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32. The stock’s 50 day moving average is $78.18 and its two-hundred day moving average is $73.41. The company has a market capitalization of $18.96 billion, a price-to-earnings ratio of -18.48, a PEG ratio of 2.16 and a beta of 0.87. Dollar Tree, Inc. has a 1-year low of $60.49 and a 1-year high of $121.92.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Wednesday, March 26th. The company reported $2.11 earnings per share for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.09). The company had revenue of $5 billion for the quarter, compared to analyst estimates of $8.23 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.55 earnings per share. Equities analysts forecast that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

DLTR has been the topic of a number of recent analyst reports. Wells Fargo & Company lifted their price objective on Dollar Tree from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 1st. Guggenheim reiterated a “buy” rating and issued a $100.00 price objective (up from $95.00) on shares of Dollar Tree in a research note on Monday, May 5th. Evercore ISI lifted their price objective on Dollar Tree from $79.00 to $85.00 and gave the stock an “in-line” rating in a research note on Thursday, March 27th. Truist Financial lifted their price objective on Dollar Tree from $84.00 to $89.00 and gave the stock a “buy” rating in a research note on Tuesday, May 6th. Finally, Citigroup upgraded 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 research note on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $82.68.

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.