National Pension Service Sells 311,539 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

National Pension Service lowered its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 99.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,022 shares of the company's stock after selling 311,539 shares during the quarter. National Pension Service's holdings in Dollar Tree were worth $152,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Versant Capital Management Inc purchased a new stake in shares of Dollar Tree during the fourth quarter worth about $30,000. MassMutual Private Wealth & Trust FSB increased its holdings in Dollar Tree by 91.3% in the fourth 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 last quarter. First Horizon Advisors Inc. raised its stake in Dollar Tree by 105.6% during the third quarter. First Horizon Advisors Inc. now owns 553 shares of the company's stock valued at $39,000 after buying an additional 284 shares in the last quarter. Sunbelt Securities Inc. raised 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 in the last quarter. Finally, Brooklyn Investment Group bought a new position in shares of Dollar Tree in the 3rd quarter worth about $48,000. Institutional investors and hedge funds own 97.40% of the company's stock.

Dollar Tree Stock Up 5.2 %

NASDAQ:DLTR traded up $3.47 during trading hours on Wednesday, hitting $70.15. 4,508,862 shares of the stock traded hands, compared to its average volume of 2,956,723. The firm has a 50 day moving average price of $73.25 and a 200 day moving average price of $72.36. The firm has a market cap of $15.08 billion, a price-to-earnings ratio of -14.71, a PEG ratio of 2.16 and a beta of 0.91. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week high of $151.00.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its quarterly earnings data on Wednesday, December 4th. The company reported $1.12 EPS for the quarter, beating analysts' consensus estimates of $1.07 by $0.05. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The firm had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $7.45 billion. During the same period in the previous year, the firm posted $0.97 earnings per share. The firm's revenue was up 3.5% on a year-over-year basis. Equities research analysts anticipate that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on DLTR. Piper Sandler reiterated a "neutral" rating and set a $72.00 price target (up from $67.00) on shares of Dollar Tree in a research report on Thursday, December 5th. Evercore ISI reduced their price objective on Dollar Tree from $94.00 to $92.00 and set an "in-line" rating for the company in a research report on Tuesday, December 3rd. Citigroup upped their price objective on shares of Dollar Tree from $64.00 to $76.00 and gave the stock a "neutral" rating in a report on Thursday, December 5th. StockNews.com upgraded Dollar Tree from a "sell" rating to a "hold" rating in a research report on Thursday, December 5th. Finally, KeyCorp downgraded Dollar Tree from an "overweight" rating to a "sector weight" rating in a research note on Thursday, November 7th. Sixteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $85.58.

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.