Cardinal Capital Management Boosts Stake in Dollar Tree, Inc. (NASDAQ:DLTR)

Cardinal Capital Management increased its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 13.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,449 shares of the company’s stock after acquiring an additional 4,828 shares during the quarter. Cardinal Capital Management’s holdings in Dollar Tree were worth $5,253,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Future Financial Wealth Managment LLC purchased a new stake in shares of Dollar Tree in the first quarter valued at approximately $73,000. Chemistry Wealth Management LLC boosted its stake in Dollar Tree by 16.4% during the first quarter. Chemistry Wealth Management LLC now owns 4,691 shares of the company’s stock worth $625,000 after buying an additional 660 shares during the last quarter. Riverview Trust Co purchased a new stake in Dollar Tree in the 1st quarter valued at $64,000. Compton Wealth Advisory Group LLC increased its stake in shares of Dollar Tree by 0.3% in the 1st quarter. Compton Wealth Advisory Group LLC now owns 71,219 shares of the company’s stock worth $9,483,000 after acquiring an additional 243 shares during the last quarter. Finally, Radnor Capital Management LLC boosted its position in shares of Dollar Tree by 3.3% during the 1st quarter. Radnor Capital Management LLC now owns 12,858 shares of the company’s stock valued at $1,712,000 after acquiring an additional 410 shares during the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on DLTR. Morgan Stanley cut their price objective on shares of Dollar Tree from $135.00 to $130.00 and set an “equal weight” rating for the company in a research report on Thursday, June 6th. Piper Sandler decreased their price objective on Dollar Tree from $168.00 to $143.00 and set an “overweight” rating on the stock in a report on Thursday, June 6th. Telsey Advisory Group lowered their price objective on Dollar Tree from $160.00 to $155.00 and set an “outperform” rating for the company in a research report on Thursday, June 6th. Jefferies Financial Group reduced their target price on Dollar Tree from $130.00 to $128.00 in a research report on Thursday, March 14th. Finally, JPMorgan Chase & Co. lowered their price target on Dollar Tree from $152.00 to $135.00 and set an “overweight” rating for the company in a report on Thursday, June 6th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $141.79.

Insider Buying and Selling

In other news, insider Robert Aflatooni sold 827 shares of the company’s stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $105.58, for a total transaction of $87,314.66. Following the completion of the transaction, the insider now directly owns 9,725 shares of the company’s stock, valued at approximately $1,026,765.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Robert Aflatooni sold 827 shares of the company’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $105.58, for a total value of $87,314.66. Following the completion of the transaction, the insider now owns 9,725 shares in the company, valued at approximately $1,026,765.50. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Jeffrey A. Davis purchased 1,800 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were bought at an average price of $136.00 per share, for a total transaction of $244,800.00. Following the completion of the purchase, the chief financial officer now directly owns 19,047 shares in the company, valued at $2,590,392. The disclosure for this purchase can be found here. Insiders own 6.80% of the company’s stock.

Dollar Tree Stock Up 1.7 %

DLTR traded up $1.78 on Thursday, hitting $105.21. 7,067,023 shares of the company were exchanged, compared to its average volume of 2,825,062. The company has a current ratio of 1.28, a quick ratio of 0.23 and a debt-to-equity ratio of 0.47. The company has a market cap of $22.61 billion, a price-to-earnings ratio of -22.90, a price-to-earnings-growth ratio of 1.13 and a beta of 0.90. The firm has a 50-day moving average price of $115.42 and a two-hundred day moving average price of $128.79. Dollar Tree, Inc. has a twelve month low of $101.85 and a twelve month high of $154.96.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Wednesday, June 5th. The company reported $1.43 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.43. Dollar Tree had a negative net margin of 3.23% and a positive return on equity of 15.67%. The firm had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.63 billion. During the same period in the prior year, the firm earned $1.47 earnings per share. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, equities analysts predict that Dollar Tree, Inc. will post 6.66 earnings per share for the current year.

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.