Dollar Tree, Inc. (NASDAQ:DLTR) Shares Sold by Legal & General Group Plc

Legal & General Group Plc reduced its position in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 17.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,300,082 shares of the company's stock after selling 270,709 shares during the period. Legal & General Group Plc owned approximately 0.60% of Dollar Tree worth $97,428,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Assetmark Inc. boosted 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 buying an additional 149 shares during the last quarter. Versant Capital Management Inc bought a new stake in shares of Dollar Tree during the 4th quarter valued at $30,000. Parkside Financial Bank & Trust increased its stake 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 purchasing an additional 232 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in Dollar Tree by 91.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company's stock worth $33,000 after purchasing an additional 210 shares during the period. Finally, Hurley Capital LLC purchased a new position in Dollar Tree during the fourth quarter valued at $33,000. Hedge funds and other institutional investors own 97.40% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on DLTR. Truist Financial set a $84.00 price target on Dollar Tree in a research report on Thursday, March 27th. Bank of America reduced their target price on shares of Dollar Tree from $75.00 to $70.00 and set an "underperform" rating for the company in a report on Tuesday, April 8th. JPMorgan Chase & Co. dropped their price target on shares of Dollar Tree from $88.00 to $78.00 and set a "neutral" rating for the company in a research report on Thursday, March 27th. Evercore ISI raised their price objective on shares of Dollar Tree from $79.00 to $85.00 and gave the company an "in-line" rating in a research report on Thursday, March 27th. Finally, Telsey Advisory Group upped their target price on shares of Dollar Tree from $75.00 to $82.00 and gave the stock a "market perform" rating in a report on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $81.84.

Remove Ads

Insider Activity at Dollar Tree

In related news, Director William W. Douglas III purchased 701 shares of the business's stock in a transaction on Wednesday, April 2nd. The shares were acquired at an average price of $75.00 per share, for a total transaction of $52,575.00. Following the purchase, the director now owns 1,377 shares of the company's stock, valued at $103,275. This trade represents a 103.70 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 6.80% of the stock is owned by corporate insiders.

Dollar Tree Trading Down 2.7 %

Shares of NASDAQ:DLTR traded down $1.99 during trading on Tuesday, reaching $71.72. 2,815,538 shares of the company were exchanged, compared to its average volume of 3,878,292. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $128.00. The firm has a market capitalization of $15.43 billion, a PE ratio of -15.03, a P/E/G ratio of 2.16 and a beta of 0.87. The business's fifty day simple moving average is $70.85 and its 200-day simple moving average is $70.30. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17.

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 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 business had revenue of $5 billion during the quarter, compared to analysts' expectations of $8.23 billion. During the same period last year, the company earned $2.55 earnings per share. The firm's revenue was up .7% compared to the same quarter last year. On average, research analysts anticipate that Dollar Tree, Inc. will post 5.39 EPS 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.