Dollar Tree, Inc. (NASDAQ:DLTR) Shares Sold by Cerity Partners LLC

Cerity Partners LLC trimmed its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 12.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,248 shares of the company's stock after selling 5,561 shares during the quarter. Cerity Partners LLC's holdings in Dollar Tree were worth $2,821,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Empower Advisory Group LLC raised its position in shares of Dollar Tree by 15.3% in 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 in the last quarter. Pzena Investment Management LLC bought a new position in Dollar Tree in the fourth quarter worth about $520,000. Strategic Wealth Investment Group LLC purchased a new stake in shares of Dollar Tree during the fourth quarter valued at about $448,000. Intrepid Capital Management Inc. boosted its holdings in shares of Dollar Tree by 103.6% in the 4th quarter. Intrepid Capital Management Inc. now owns 27,026 shares of the company's stock valued at $2,025,000 after buying an additional 13,751 shares in the last quarter. Finally, Alberta Investment Management Corp grew its position in shares of Dollar Tree by 253.2% in the 4th 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 last quarter. Hedge funds and other institutional investors own 97.40% of the company's stock.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

DLTR has been the topic of several analyst reports. Bank of America cut their price target on shares of Dollar Tree from $75.00 to $70.00 and set an "underperform" rating on the stock in a report on Tuesday, April 8th. Loop Capital reaffirmed a "hold" rating on shares of Dollar Tree in a research report on Thursday, March 27th. Evercore ISI boosted their price target on Dollar Tree from $79.00 to $85.00 and gave the stock an "in-line" rating in a research note on Thursday, March 27th. Wells Fargo & Company increased their price objective on shares of Dollar Tree from $85.00 to $90.00 and gave the company an "overweight" rating in a research report on Tuesday, April 1st. Finally, Guggenheim dropped their target price 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. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Dollar Tree currently has an average rating of "Hold" and a consensus target price of $81.84.

Dollar Tree Price Performance

Shares of NASDAQ:DLTR traded up $5.93 during trading on Friday, reaching $79.14. 7,221,420 shares of the company's stock traded hands, compared to its average volume of 3,931,992. The firm has a market cap of $17.02 billion, a PE ratio of -16.59, a P/E/G ratio of 2.16 and a beta of 0.87. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week high of $123.41. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. The company has a 50-day simple moving average of $71.05 and a 200-day simple moving average of $70.45.

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 for the quarter, missing analysts' consensus estimates of $2.20 by ($0.09). Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The company had revenue of $5 billion for the quarter, compared to analyst estimates of $8.23 billion. During the same quarter in the prior year, the company posted $2.55 earnings per share. The business's revenue was up .7% on a year-over-year basis. As a group, analysts predict that Dollar Tree, Inc. will post 5.39 earnings per share for the current 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.