Venturi Wealth Management LLC Buys 1,718 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Venturi Wealth Management LLC lifted its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 36.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,439 shares of the company’s stock after buying an additional 1,718 shares during the quarter. Venturi Wealth Management LLC’s holdings in Dollar Tree were worth $483,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Alan B Lancz & Associates Inc. raised its stake in shares of Dollar Tree by 6.6% in the third quarter. Alan B Lancz & Associates Inc. now owns 3,250 shares of the company’s stock worth $229,000 after buying an additional 200 shares during the period. AM Squared Ltd raised its stake in shares of Dollar Tree by 12.5% in the third quarter. AM Squared Ltd now owns 1,800 shares of the company’s stock worth $127,000 after buying an additional 200 shares during the period. MassMutual Private Wealth & Trust FSB raised 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 buying an additional 210 shares during the period. First Horizon Advisors Inc. raised its stake in Dollar Tree by 105.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock valued at $39,000 after purchasing an additional 284 shares during the period. Finally, Empowered Funds LLC raised its stake in Dollar Tree by 8.4% during the 4th quarter. Empowered Funds LLC now owns 3,744 shares of the company’s stock valued at $281,000 after purchasing an additional 291 shares during the period. Institutional investors own 97.40% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on DLTR shares. Guggenheim decreased their target price on Dollar Tree from $120.00 to $100.00 and set a “buy” rating on the stock in a research note on Friday, December 6th. BMO Capital Markets lifted their target price on Dollar Tree from $65.00 to $70.00 and gave the company a “market perform” rating in a research note on Thursday, December 5th. Citigroup lifted their target price on Dollar Tree from $64.00 to $76.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. Jefferies Financial Group lifted their target price on Dollar Tree from $70.00 to $75.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th. Finally, Loop Capital lifted their target price on Dollar Tree from $65.00 to $75.00 and gave the company a “hold” rating in a research note on Thursday, December 5th. Seventeen research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Dollar Tree presently has a consensus rating of “Hold” and an average price target of $85.58.

Dollar Tree Stock Performance

Shares of Dollar Tree stock opened at $75.62 on Thursday. The stock’s fifty day moving average is $72.93 and its two-hundred day moving average is $73.93. The company has a market capitalization of $16.26 billion, a PE ratio of -15.85, a price-to-earnings-growth ratio of 2.03 and a beta of 0.89. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. Dollar Tree, Inc. has a 52 week low of $60.49 and a 52 week high of $151.21.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Wednesday, December 4th. The company reported $1.12 EPS for the quarter, beating the consensus estimate of $1.07 by $0.05. The company had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $7.45 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. Dollar Tree’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.97 EPS. As a group, analysts expect that Dollar Tree, Inc. will post 5.39 earnings per share for the current 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.