Guggenheim Capital LLC Sells 45,714 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Guggenheim Capital LLC cut its stake in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 83.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,066 shares of the company's stock after selling 45,714 shares during the period. Guggenheim Capital LLC's holdings in Dollar Tree were worth $679,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bessemer Group Inc. increased its position 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 worth $26,000 after buying an additional 346 shares during the period. Assetmark Inc. boosted its position in 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 acquiring an additional 149 shares during the last quarter. Versant Capital Management Inc acquired a new stake in Dollar Tree during the 4th quarter worth about $30,000. Parkside Financial Bank & Trust raised its position in shares of 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 in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its stake 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 purchasing an additional 210 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 bought 701 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The shares were acquired at an average price of $75.00 per share, with a total value of $52,575.00. Following the acquisition, the director now owns 1,377 shares of the company's stock, valued at approximately $103,275. The trade was a 103.70 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Aditya Maheshwari sold 1,238 shares of the business's stock in a transaction on Monday, April 14th. The shares were sold at an average price of $74.70, for a total transaction of $92,478.60. Following the transaction, 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 disclosure for this sale can be found here. 6.80% of the stock is currently owned by corporate insiders.

Dollar Tree Stock Down 0.5 %

NASDAQ:DLTR traded down $0.40 on Monday, hitting $80.17. The stock had a trading volume of 3,132,311 shares, compared to its average volume of 4,002,176. Dollar Tree, Inc. has a 1 year low of $60.49 and a 1 year high of $123.17. The firm's fifty day simple moving average is $71.96 and its two-hundred day simple moving average is $70.87. The stock has a market cap of $17.24 billion, a P/E ratio of -16.81, a price-to-earnings-growth 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 issued its quarterly earnings results on Wednesday, March 26th. The company reported $2.11 EPS for the quarter, missing analysts' consensus estimates of $2.20 by ($0.09). The business had revenue of $5 billion for the quarter, compared to the consensus estimate 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 last year, the business posted $2.55 earnings per share. Analysts predict that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on DLTR shares. UBS Group lowered their target price on Dollar Tree from $105.00 to $95.00 and set a "buy" rating for the company in a report on Friday, March 21st. Telsey Advisory Group boosted their target price on shares of Dollar Tree from $75.00 to $82.00 and gave the company a "market perform" rating in a research report on Thursday, March 27th. Loop Capital restated a "hold" rating on shares of Dollar Tree in a report on Thursday, March 27th. Citigroup upgraded shares of Dollar Tree from a "neutral" rating to a "buy" rating and upped their price objective for the company from $76.00 to $103.00 in a report on Monday, April 7th. Finally, Guggenheim reduced their target price on Dollar Tree from $100.00 to $95.00 and set a "buy" rating for the company in a research note on Friday, March 28th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $81.84.

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.