Blair William & Co. IL Decreases Stake in Dollar Tree, Inc. (NASDAQ:DLTR)

Blair William & Co. IL lessened its holdings in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 31.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,657 shares of the company's stock after selling 3,997 shares during the quarter. Blair William & Co. IL's holdings in Dollar Tree were worth $649,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DLTR. Pzena Investment Management LLC bought a new stake in shares of Dollar Tree in the fourth quarter valued at approximately $520,000. Empower Advisory Group LLC lifted its holdings in shares of Dollar Tree by 15.3% during the 4th quarter. Empower Advisory Group LLC now owns 760,423 shares of the company's stock worth $56,986,000 after acquiring an additional 100,676 shares during the last quarter. Strategic Wealth Investment Group LLC purchased a new position in shares of Dollar Tree during the 4th quarter valued at about $448,000. Entropy Technologies LP bought a new position in shares of Dollar Tree during the 4th quarter valued at $2,173,000. Finally, Alberta Investment Management Corp increased its holdings in shares of Dollar Tree by 253.2% in the fourth quarter. Alberta Investment Management Corp now owns 93,600 shares of the company's stock worth $7,014,000 after buying an additional 67,100 shares during the period. Institutional investors and hedge funds own 97.40% of the company's stock.

Insider Buying and Selling

In other news, Director William W. Douglas III acquired 701 shares of the 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 completion of the transaction, the director now directly owns 1,377 shares in the company, valued at approximately $103,275. This trade represents a 103.70 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 6.80% of the stock is currently owned by corporate insiders.

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Analyst Ratings Changes

DLTR has been the subject of a number of research analyst reports. Telsey Advisory Group raised their target price on Dollar Tree from $75.00 to $82.00 and gave the company a "market perform" rating in a research note on Thursday, March 27th. UBS Group cut their target price on shares of Dollar Tree from $105.00 to $95.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Wells Fargo & Company upped their target price on shares of Dollar Tree from $85.00 to $90.00 and gave the company an "overweight" rating in a report on Tuesday, April 1st. Bank of America lowered their price objective on Dollar Tree from $75.00 to $70.00 and set an "underperform" rating on the stock in a research report on Tuesday. Finally, JPMorgan Chase & Co. cut their target price on Dollar Tree from $88.00 to $78.00 and set a "neutral" rating for the company in a research report on Thursday, March 27th. One equities 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. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $81.84.

Dollar Tree Stock Down 4.3 %

Shares of NASDAQ DLTR traded down $3.14 during trading hours on Tuesday, hitting $69.70. The stock had a trading volume of 8,336,524 shares, compared to its average volume of 3,798,483. Dollar Tree, Inc. has a 52 week low of $60.49 and a 52 week high of $131.42. The firm's 50-day moving average price is $70.95 and its two-hundred day moving average price is $70.28. The company has a market capitalization of $14.99 billion, a P/E ratio of -14.61, 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 (NASDAQ:DLTR - Get Free Report) last released its quarterly earnings data on Wednesday, March 26th. The company reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.20 by ($0.09). The company had revenue of $5 billion for the quarter, compared to analyst estimates of $8.23 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The business's revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.55 earnings per share. Analysts anticipate that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

About Dollar Tree

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.