Handelsbanken Fonder AB lowered its stake in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 33.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 75,764 shares of the company's stock after selling 37,320 shares during the quarter. Handelsbanken Fonder AB's holdings in Dollar Tree were worth $10,762,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Wellington Management Group LLP increased its position in Dollar Tree by 5.1% during the third quarter. Wellington Management Group LLP now owns 2,808,184 shares of the company's stock worth $298,931,000 after buying an additional 135,826 shares during the last quarter. Canada Pension Plan Investment Board increased its position in Dollar Tree by 1.6% during the third quarter. Canada Pension Plan Investment Board now owns 2,385,299 shares of the company's stock worth $253,915,000 after buying an additional 36,944 shares during the last quarter. Northern Trust Corp increased its position in Dollar Tree by 0.8% during the third quarter. Northern Trust Corp now owns 2,218,405 shares of the company's stock worth $236,149,000 after buying an additional 16,813 shares during the last quarter. American Century Companies Inc. grew its position in shares of Dollar Tree by 11.2% in the third quarter. American Century Companies Inc. now owns 2,111,343 shares of the company's stock valued at $224,752,000 after purchasing an additional 212,527 shares during the last quarter. Finally, Invesco Ltd. grew its position in shares of Dollar Tree by 24.7% in the third quarter. Invesco Ltd. now owns 1,966,962 shares of the company's stock valued at $209,383,000 after purchasing an additional 389,718 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company's stock.
Dollar Tree Trading Down 0.6 %
NASDAQ DLTR traded down $0.70 on Thursday, hitting $121.69. 1,768,920 shares of the company's stock were exchanged, compared to its average volume of 2,769,981. The stock has a 50-day moving average of $134.95 and a 200-day moving average of $128.86. The company has a quick ratio of 0.22, a current ratio of 1.31 and a debt-to-equity ratio of 0.47. Dollar Tree, Inc. has a 52 week low of $102.77 and a 52 week high of $161.10.
Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its quarterly earnings results on Wednesday, March 13th. The company reported $2.55 EPS for the quarter, missing analysts' consensus estimates of $2.67 by ($0.12). Dollar Tree had a negative net margin of 3.26% and a positive return on equity of 15.11%. The firm had revenue of $8.63 billion during the quarter, compared to the consensus estimate of $8.66 billion. During the same quarter in the previous year, the company posted $2.04 earnings per share. The firm's revenue was up 11.9% on a year-over-year basis. On average, analysts expect that Dollar Tree, Inc. will post 6.91 EPS for the current fiscal year.
Insider Activity at Dollar Tree
In related news, CFO Jeffrey A. Davis acquired 1,800 shares of the firm's stock in a transaction that occurred on Monday, April 1st. The stock was acquired at an average cost of $136.00 per share, for a total transaction of $244,800.00. Following the completion of the acquisition, the chief financial officer now directly owns 19,047 shares of the company's stock, valued at approximately $2,590,392. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CFO Jeffrey A. Davis acquired 1,800 shares of the firm's stock in a transaction that occurred on Monday, April 1st. The stock was acquired at an average cost of $136.00 per share, for a total transaction of $244,800.00. Following the completion of the acquisition, the chief financial officer now directly owns 19,047 shares of the company's stock, valued at approximately $2,590,392. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel J. Heinrich purchased 1,000 shares of the firm's stock in a transaction on Monday, March 18th. The shares were acquired at an average price of $127.85 per share, with a total value of $127,850.00. Following the completion of the acquisition, the director now owns 6,225 shares in the company, valued at approximately $795,866.25. The disclosure for this purchase can be found here. 6.00% of the stock is currently owned by company insiders.
Analyst Ratings Changes
Several equities analysts have recently commented on the company. Oppenheimer reaffirmed a "market perform" rating on shares of Dollar Tree in a research report on Monday, March 4th. JPMorgan Chase & Co. upped their target price on Dollar Tree from $144.00 to $152.00 and gave the company an "overweight" rating in a research report on Monday, April 15th. Piper Sandler decreased their target price on Dollar Tree from $171.00 to $168.00 and set an "overweight" rating on the stock in a research report on Thursday, March 14th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $160.00 target price on shares of Dollar Tree in a research report on Thursday, March 14th. Finally, Truist Financial decreased their target price on Dollar Tree from $149.00 to $147.00 and set a "buy" rating on the stock in a research report on Thursday, March 14th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat, Dollar Tree presently has an average rating of "Moderate Buy" and a consensus target price of $150.05.
View Our Latest Report on Dollar Tree
Dollar Tree Company Profile
(Free Report)
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.
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