Corebridge Financial Inc. Sells 16,369 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Corebridge Financial Inc. lessened its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 20.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,536 shares of the company's stock after selling 16,369 shares during the quarter. Corebridge Financial Inc.'s holdings in Dollar Tree were worth $4,686,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Assetmark Inc. increased its holdings in shares of Dollar Tree by 74.1% in the fourth quarter. Assetmark Inc. now owns 350 shares of the company's stock worth $26,000 after purchasing an additional 149 shares during the period. Versant Capital Management Inc purchased a new position in Dollar Tree during the fourth quarter worth about $30,000. Parkside Financial Bank & Trust increased its stake in Dollar Tree by 120.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 424 shares of the company's stock worth $32,000 after acquiring an additional 232 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Dollar Tree by 91.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company's stock valued at $33,000 after acquiring an additional 210 shares in the last quarter. Finally, Sunbelt Securities Inc. boosted its position in shares of Dollar Tree by 738.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 629 shares of the company's stock valued at $44,000 after acquiring an additional 554 shares during the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.

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Insider Transactions at Dollar Tree

In other news, Director William W. Douglas III purchased 701 shares of the company's stock in a transaction dated Wednesday, April 2nd. The shares were purchased at an average cost of $75.00 per share, for a total transaction of $52,575.00. Following the purchase, the director now directly owns 1,377 shares in the company, valued at approximately $103,275. This represents a 103.70 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 6.80% of the company's stock.

Dollar Tree Stock Down 1.1 %

DLTR traded down $0.77 during trading on Friday, reaching $66.45. The stock had a trading volume of 2,742,712 shares, compared to its average volume of 3,713,627. 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's 50 day moving average is $71.29 and its two-hundred day moving average is $70.39. The company has a market capitalization of $14.29 billion, a price-to-earnings ratio of -13.85, a P/E/G ratio of 2.16 and a beta of 0.87. Dollar Tree, Inc. has a one year low of $60.49 and a one year high of $135.94.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last released its earnings results on Wednesday, March 26th. The company reported $2.11 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $8.23 billion. During the same period last year, the firm posted $2.55 earnings per share. The company's revenue was up .7% compared to the same quarter last year. As a group, analysts expect that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Wall Street Analyst Weigh In

DLTR has been the topic of a number of recent analyst reports. Evercore ISI raised their target price on shares of Dollar Tree from $79.00 to $85.00 and gave the company an "in-line" rating in a research note on Thursday, March 27th. Guggenheim lowered 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. Telsey Advisory Group boosted their target price on Dollar Tree from $75.00 to $82.00 and gave the stock a "market perform" rating in a research report on Thursday, March 27th. BMO Capital Markets upped their price target on shares of Dollar Tree from $65.00 to $70.00 and gave the company a "market perform" rating in a research report on Thursday, December 5th. Finally, Wells Fargo & Company lifted their price objective on Dollar Tree from $85.00 to $90.00 and gave the stock an "overweight" rating in a report on Tuesday. Fifteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Dollar Tree has a consensus rating of "Hold" and an average price target of $81.00.

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.