5,041 Shares in Dollar Tree, Inc. (NASDAQ:DLTR) Bought by Curi RMB Capital LLC

Curi RMB Capital LLC purchased a new stake in Dollar Tree, Inc. (NASDAQ:DLTR) in the third quarter, HoldingsChannel reports. The fund purchased 5,041 shares of the company’s stock, valued at approximately $354,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Empower Advisory Group LLC raised its position in shares of Dollar Tree by 41.3% during the third quarter. Empower Advisory Group LLC now owns 659,747 shares of the company’s stock valued at $46,393,000 after buying an additional 192,754 shares during the last quarter. Farther Finance Advisors LLC increased its stake in Dollar Tree by 374.4% during the third quarter. Farther Finance Advisors LLC now owns 2,277 shares of the company’s stock valued at $160,000 after acquiring an additional 1,797 shares during the period. Sanctuary Advisors LLC acquired a new position in Dollar Tree in the 2nd quarter valued at approximately $779,000. Raymond James & Associates lifted its position in shares of Dollar Tree by 80.6% in the 3rd quarter. Raymond James & Associates now owns 310,084 shares of the company’s stock worth $21,805,000 after acquiring an additional 138,415 shares during the period. Finally, Forsta AP Fonden grew its holdings in shares of Dollar Tree by 174.7% during the 3rd quarter. Forsta AP Fonden now owns 98,600 shares of the company’s stock worth $6,934,000 after purchasing an additional 62,700 shares in the last quarter. 97.40% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. JPMorgan Chase & Co. upped their target price on Dollar Tree from $70.00 to $82.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Piper Sandler dropped their price objective on shares of Dollar Tree from $112.00 to $67.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. UBS Group decreased their target price on shares of Dollar Tree from $155.00 to $105.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Wells Fargo & Company dropped 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, September 5th. Finally, Evercore ISI decreased their price objective on Dollar Tree from $105.00 to $100.00 and set an “in-line” rating on the stock in a report on Tuesday, October 22nd. Sixteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Dollar Tree has an average rating of “Hold” and an average target price of $88.11.

Insider Activity

In other Dollar Tree news, Director Daniel J. Heinrich acquired 2,200 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average cost of $68.27 per share, for a total transaction of $150,194.00. Following the completion of the acquisition, the director now directly owns 9,823 shares of the company’s stock, valued at approximately $670,616.21. This represents a 28.86 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 6.80% of the company’s stock.

Dollar Tree Trading Down 2.2 %

DLTR opened at $64.20 on Friday. Dollar Tree, Inc. has a 1-year low of $60.49 and a 1-year high of $151.21. The firm has a 50-day moving average price of $67.95 and a two-hundred day moving average price of $92.36. The stock has a market capitalization of $13.80 billion, a PE ratio of -13.16, a PEG ratio of 2.75 and a beta of 0.87. The company has a current ratio of 1.02, a quick ratio of 0.17 and a debt-to-equity ratio of 0.33.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.37). The firm had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.49 billion. Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. The company’s revenue was up .7% compared to the same quarter last year. During the same period last year, the company earned $0.91 EPS. As a group, equities analysts anticipate that Dollar Tree, Inc. will post 5.34 earnings per share for the current fiscal year.

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.