Mercer Global Advisors Inc. ADV Buys 292 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Mercer Global Advisors Inc. ADV lifted its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 6.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,656 shares of the company’s stock after purchasing an additional 292 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Dollar Tree were worth $349,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Assetmark Inc. increased its position in shares of Dollar Tree by 74.1% in the fourth quarter. Assetmark Inc. now owns 350 shares of the company’s stock valued at $26,000 after acquiring an additional 149 shares during the period. Bessemer Group Inc. increased its holdings in Dollar Tree by 34,600.0% during the 4th quarter. Bessemer Group Inc. now owns 347 shares of the company’s stock valued at $26,000 after purchasing an additional 346 shares during the period. Parkside Financial Bank & Trust raised its position in Dollar Tree by 120.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 424 shares of the company’s stock valued at $32,000 after purchasing an additional 232 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in Dollar Tree by 91.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock worth $33,000 after buying an additional 210 shares during the period. Finally, Hurley Capital LLC bought a new stake in shares of Dollar Tree in the 4th quarter worth approximately $33,000. Institutional investors own 97.40% of the company’s stock.

Insider Buying and Selling at Dollar Tree

In other news, Director William W. Douglas III acquired 701 shares of Dollar Tree stock in a transaction on Wednesday, April 2nd. The stock was acquired at an average cost of $75.00 per share, for a total transaction of $52,575.00. Following the purchase, the director now owns 1,377 shares in the company, valued at $103,275. This trade represents a 103.70% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Aditya Maheshwari sold 1,238 shares of Dollar Tree stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $74.70, for a total transaction of $92,478.60. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. 6.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on DLTR. Bank of America decreased their target price on Dollar Tree from $75.00 to $70.00 and set an “underperform” rating for the company in a report on Tuesday, April 8th. Loop Capital restated a “hold” rating on shares of Dollar Tree in a report on Thursday, March 27th. Truist Financial lifted their target price on shares of Dollar Tree from $84.00 to $89.00 and gave the company a “buy” rating in a research note on Tuesday, May 6th. Wells Fargo & Company increased their price target on shares of Dollar Tree from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 1st. Finally, Telsey Advisory Group lifted their price objective on Dollar Tree from $75.00 to $82.00 and gave the company a “market perform” rating in a research report on Thursday, March 27th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Dollar Tree presently has a consensus rating of “Hold” and a consensus target price of $82.68.

Dollar Tree Stock Up 0.4%

NASDAQ:DLTR opened at $86.06 on Thursday. The firm has a market cap of $18.51 billion, a P/E ratio of -18.04, a P/E/G ratio of 2.16 and a beta of 0.87. 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 fifty-two week low of $60.49 and a fifty-two week high of $123.17. The firm has a 50-day simple moving average of $74.96 and a two-hundred day simple moving average of $72.31.

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 firm had revenue of $5 billion for the quarter, compared to the consensus estimate 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 quarter in the prior year, the business posted $2.55 earnings per share. Analysts predict that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal 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.