Dimensional Fund Advisors LP Sells 96,673 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Dimensional Fund Advisors LP reduced its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 3.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,628,110 shares of the company's stock after selling 96,673 shares during the period. Dimensional Fund Advisors LP owned approximately 1.22% of Dollar Tree worth $196,950,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DLTR. Assetmark Inc. grew its stake in shares of Dollar Tree by 74.1% during the fourth quarter. Assetmark Inc. now owns 350 shares of the company's stock valued at $26,000 after buying an additional 149 shares during the last quarter. Bessemer Group Inc. boosted its stake in shares of Dollar Tree by 34,600.0% during the fourth quarter. Bessemer Group Inc. now owns 347 shares of the company's stock valued at $26,000 after purchasing an additional 346 shares during the period. Versant Capital Management Inc bought a new position in shares of Dollar Tree in the fourth quarter worth approximately $30,000. Parkside Financial Bank & Trust increased its stake in shares of Dollar Tree by 120.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 424 shares of the company's stock worth $32,000 after buying an additional 232 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its position in Dollar Tree by 91.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company's stock valued at $33,000 after buying an additional 210 shares during the period. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Dollar Tree

In other Dollar Tree news, CAO Aditya Maheshwari sold 1,238 shares of Dollar Tree stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $74.70, for a total transaction of $92,478.60. Following the completion of the transaction, the chief accounting officer now owns 4,231 shares in the company, valued at approximately $316,055.70. This trade represents a 22.64 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director William W. Douglas III bought 701 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was bought at an average price of $75.00 per share, for a total transaction of $52,575.00. Following the purchase, the director now directly owns 1,377 shares of the company's stock, valued at approximately $103,275. The trade was 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 equities research analysts have weighed in on DLTR shares. Wells Fargo & Company increased their price objective on Dollar Tree from $85.00 to $90.00 and gave the stock an "overweight" rating in a report on Tuesday, April 1st. Evercore ISI raised 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. Guggenheim reduced their price objective 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. Loop Capital reaffirmed a "hold" rating on shares of Dollar Tree in a research report on Thursday, March 27th. Finally, Telsey Advisory Group increased their price target on shares of 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 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 MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $81.84.

Dollar Tree Trading Up 3.2 %

NASDAQ DLTR opened at $82.16 on Wednesday. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $123.17. The company has a fifty day simple moving average of $71.41 and a two-hundred day simple moving average of $70.61. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32. The stock has a market cap of $17.67 billion, a P/E ratio of -17.22, a P/E/G ratio of 2.16 and a beta of 0.87.

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.