Belpointe Asset Management LLC holds $815,000 position in Dollar Tree, Inc. (NASDAQ:DLTR)

Belpointe Asset Management LLC acquired a new stake in Dollar Tree, Inc. (NASDAQ:DLTR – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 7,629 shares of the company’s stock, valued at approximately $815,000.

Other institutional investors and hedge funds have added to or reduced their stakes in the company. Capital International Investors raised its stake in shares of Dollar Tree by 30.1% in the fourth quarter. Capital International Investors now owns 10,581,632 shares of the company’s stock valued at $1,503,123,000 after acquiring an additional 2,445,827 shares in the last quarter. Norges Bank bought a new position in Dollar Tree in the 4th quarter valued at approximately $333,373,000. FIL Ltd boosted its holdings in Dollar Tree by 96.0% during the 4th quarter. FIL Ltd now owns 3,197,638 shares of the company’s stock worth $454,224,000 after buying an additional 1,566,392 shares in the last quarter. National Bank of Canada FI boosted its position in Dollar Tree by 223.4% in the first quarter. National Bank of Canada FI now owns 1,414,788 shares of the company’s stock valued at $188,379,000 after purchasing an additional 977,313 shares during the last quarter. Finally, Mizuho Markets Americas LLC acquired a new stake in shares of Dollar Tree in the first quarter valued at $99,862,000. Institutional investors and hedge funds own 97.40% of the company’s shares.

Insiders place their bets

In other news, insider Robert Aflatooni sold 827 shares of the company’s stock in a transaction dated Tuesday, June 25th. The shares were 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 $1,026,765.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed via this link. Corporate insiders own 6.80% of the company’s shares.

Dollar Tree price performance

Shares of DLTR stock opened at $68.47 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.23, and a current ratio of 1.28. The firm has a market cap of $14.72 billion, a PE ratio of -14.92, a P/E/G ratio of 0.93 and a beta of 0.87. The stock has a 50-day simple moving average of $98.65 and a 200-day simple moving average of $115.69. Dollar Tree, Inc. it has a 52-week low of $60.81 and a 52-week high of $151.21.

Dollar Tree (NASDAQ:DLTR – Get Your Free Report ) last released its quarterly earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.37). Dollar Tree had a negative net margin of 3.23% and a positive return on equity of 15.67%. The company had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.49 billion. In the same quarter last year, the company earned $0.91 EPS. The company’s quarterly revenue was up 0.7% compared to the same quarter last year. Sell-side analysts predict that Dollar Tree, Inc. will post 6.46 EPS for the current fiscal year.

Changes in Analyst Ratings

Several equities analysts have recently issued reports on DLTR shares. Citigroup cut their price target on Dollar Tree from $120.00 to $64.00 and set a “neutral” rating on the stock in a research note on Thursday. JPMorgan Chase & Co. downgraded shares of Dollar Tree from an “overweight” rating to a “neutral” rating and cut their price target for the company from $111.00 to $70.00 in a research report on Wednesday. Wells Fargo & Company cut their price target on shares of Dollar Tree from $130.00 to $100.00 and set an “overweight” rating for the company in a research report on Thursday. Loop Capital downgraded shares of Dollar Tree from a “buy” rating to a “hold” rating and set a $65.00 target price for the company. in a research note on Thursday. Finally, Piper Sandler decreased their price objective on shares of Dollar Tree from $112.00 to $67.00 and set a “neutral” rating on the stock in a research note on Thursday. Eleven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $97.63.

Check out our latest report on DLTR

Dollar Tree Company Profile

(Free report)

Dollar Tree, Inc. operates discount retail stores. The company operates through two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.25. Offers consumable goods, which include everyday consumables such as paper and household chemicals, food, candy, health products, personal care products, and frozen and refrigerated foods; Assorted merchandise including toys, durable household items, gifts, stationery, party supplies, greeting cards, soft lines, arts and crafts supplies and other items; and seasonal products including Christmas, Easter, Halloween and Valentine’s Day merchandise.

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