Avenir Corp Lowers Stake in Dollar Tree, Inc. (NASDAQ:DLTR)

Avenir Corp cut its stake in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 64.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,860 shares of the company's stock after selling 5,081 shares during the period. Avenir Corp's holdings in Dollar Tree were worth $214,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Cravens & Co Advisors LLC bought a new stake in shares of Dollar Tree during the 4th quarter worth $429,000. Marshall Wace LLP lifted its holdings in shares of Dollar Tree by 784.2% in the fourth quarter. Marshall Wace LLP now owns 4,377,366 shares of the company's stock worth $328,040,000 after acquiring an additional 3,882,324 shares during the last quarter. United Capital Financial Advisors LLC acquired a new stake in shares of Dollar Tree in the 4th quarter valued at approximately $747,000. Canada Post Corp Registered Pension Plan bought a new stake in shares of Dollar Tree during the 4th quarter valued at approximately $222,000. Finally, Mariner LLC increased its position in Dollar Tree by 22.8% during the 4th quarter. Mariner LLC now owns 10,574 shares of the company's stock worth $792,000 after purchasing an additional 1,960 shares in the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Dollar Tree

In related news, CAO Aditya Maheshwari sold 1,238 shares of the firm's stock in a transaction on Monday, April 14th. The stock was sold at an average price of $74.70, for a total value 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 trade represents a 22.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director William W. Douglas III purchased 701 shares of Dollar Tree stock in a transaction that occurred on Wednesday, April 2nd. The shares were bought at an average price of $75.00 per share, for a total transaction of $52,575.00. Following the transaction, the director now directly owns 1,377 shares of the company's stock, valued at $103,275. This trade represents a 103.70 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 6.80% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on DLTR. Bank of America dropped their target price on Dollar Tree from $75.00 to $70.00 and set an "underperform" rating for the company in a research report on Tuesday, April 8th. JPMorgan Chase & Co. cut their price target on Dollar Tree from $88.00 to $78.00 and set a "neutral" rating on the stock in a report on Thursday, March 27th. Citigroup raised Dollar Tree from a "neutral" rating to a "buy" rating and raised their price objective for the company from $76.00 to $103.00 in a research note on Monday, April 7th. Guggenheim dropped their price target on shares of Dollar Tree from $100.00 to $95.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. Finally, Telsey Advisory Group increased their price objective on Dollar Tree from $75.00 to $82.00 and gave the stock a "market perform" rating in a research note on Thursday, March 27th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $81.84.

Dollar Tree Price Performance

NASDAQ DLTR traded up $2.28 during trading on Tuesday, reaching $81.93. The company's stock had a trading volume of 2,045,688 shares, compared to its average volume of 3,941,580. The stock has a market capitalization of $17.62 billion, a PE ratio of -17.19, 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 current ratio of 1.03 and a quick ratio of 0.17. The firm has a fifty day moving average of $71.21 and a 200 day moving average of $70.53. Dollar Tree, Inc. has a one year low of $60.49 and a one year high of $123.41.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last posted its quarterly earnings data on Wednesday, March 26th. The company reported $2.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.20 by ($0.09). The firm had revenue of $5 billion during the quarter, compared to analysts' expectations of $8.23 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. During the same quarter in the previous year, the company posted $2.55 earnings per share. Dollar Tree's revenue for the quarter was up .7% compared to the same quarter last year. Analysts expect that Dollar Tree, Inc. will post 5.39 EPS 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.