OLD National Bancorp IN Has $408,000 Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

OLD National Bancorp IN raised its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 23.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,869 shares of the company’s stock after purchasing an additional 540 shares during the quarter. OLD National Bancorp IN’s holdings in Dollar Tree were worth $408,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Dollar Tree in the third quarter valued at about $26,000. Operose Advisors LLC bought a new position in shares of Dollar Tree in the third quarter worth about $34,000. Turtle Creek Wealth Advisors LLC bought a new position in shares of Dollar Tree in the fourth quarter worth about $35,000. City State Bank raised its stake in shares of Dollar Tree by 200.0% in the fourth quarter. City State Bank now owns 300 shares of the company’s stock worth $43,000 after acquiring an additional 200 shares during the last quarter. Finally, Mendota Financial Group LLC bought a new position in shares of Dollar Tree in the fourth quarter worth about $52,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Dollar Tree Trading Down 0.1 %

Dollar Tree stock opened at $122.39 on Thursday. Dollar Tree, Inc. has a twelve month low of $102.77 and a twelve month high of $161.10. The company has a current ratio of 1.31, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. The company has a 50 day moving average of $134.95 and a 200-day moving average of $128.86.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results on Wednesday, March 13th. The company reported $2.55 earnings per share for the quarter, missing the consensus estimate of $2.67 by ($0.12). The company had revenue of $8.63 billion during the quarter, compared to analyst estimates of $8.66 billion. Dollar Tree had a negative net margin of 3.26% and a positive return on equity of 15.11%. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter last year, the company earned $2.04 EPS. Equities analysts predict that Dollar Tree, Inc. will post 6.91 EPS for the current year.

Insider Activity

In other Dollar Tree news, CFO Jeffrey A. Davis bought 1,800 shares of Dollar Tree stock in a transaction that occurred on Monday, April 1st. The stock was acquired at an average price of $136.00 per share, for a total transaction of $244,800.00. Following the completion of the acquisition, the chief financial officer now owns 19,047 shares of the company’s stock, valued at approximately $2,590,392. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Daniel J. Heinrich purchased 1,000 shares of the company’s stock in a transaction on Monday, March 18th. The shares were purchased at an average cost of $127.85 per share, with a total value of $127,850.00. Following the completion of the transaction, the director now owns 6,225 shares of the company’s stock, valued at approximately $795,866.25. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Jeffrey A. Davis purchased 1,800 shares of the company’s stock in a transaction on Monday, April 1st. The shares were purchased at an average cost of $136.00 per share, for a total transaction of $244,800.00. Following the completion of the transaction, the chief financial officer now directly owns 19,047 shares of the company’s stock, valued at approximately $2,590,392. The disclosure for this purchase can be found here. Corporate insiders own 6.00% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on DLTR. JPMorgan Chase & Co. boosted their target price on shares of Dollar Tree from $144.00 to $152.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. Truist Financial dropped their target price on shares of Dollar Tree from $149.00 to $147.00 and set a “buy” rating for the company in a research note on Thursday, March 14th. StockNews.com raised shares of Dollar Tree from a “sell” rating to a “hold” rating in a research note on Wednesday, March 27th. Guggenheim boosted their price target on shares of Dollar Tree from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, March 5th. Finally, Loop Capital dropped their price target on shares of Dollar Tree from $195.00 to $170.00 and set a “buy” rating for the company in a research note on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $150.05.

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.