Elo Mutual Pension Insurance Co Sells 4,080 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Elo Mutual Pension Insurance Co trimmed its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 22.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,175 shares of the company's stock after selling 4,080 shares during the period. Elo Mutual Pension Insurance Co's holdings in Dollar Tree were worth $1,062,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in shares of Dollar Tree by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 23,450,228 shares of the company's stock valued at $1,757,360,000 after purchasing an additional 163,368 shares during the period. State Street Corp lifted its stake in Dollar Tree by 6.8% in the 3rd quarter. State Street Corp now owns 9,427,910 shares of the company's stock valued at $662,971,000 after acquiring an additional 596,191 shares in the last quarter. EdgePoint Investment Group Inc. boosted its position in Dollar Tree by 0.5% during the 3rd quarter. EdgePoint Investment Group Inc. now owns 6,939,526 shares of the company's stock worth $487,987,000 after acquiring an additional 35,862 shares during the last quarter. Primecap Management Co. CA grew its stake in shares of Dollar Tree by 31.3% during the 4th quarter. Primecap Management Co. CA now owns 3,978,425 shares of the company's stock worth $298,143,000 after acquiring an additional 947,580 shares in the last quarter. Finally, Janus Henderson Group PLC raised its holdings in shares of Dollar Tree by 9.8% in the third quarter. Janus Henderson Group PLC now owns 1,844,762 shares of the company's stock valued at $129,724,000 after purchasing an additional 165,398 shares during the last quarter. 97.40% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on DLTR shares. Telsey Advisory Group raised 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. Citigroup lifted their target price on Dollar Tree from $64.00 to $76.00 and gave the company a "neutral" rating in a research report on Thursday, December 5th. Truist Financial set a $84.00 price target on Dollar Tree in a research report on Thursday, March 27th. BMO Capital Markets boosted their price target on Dollar Tree from $65.00 to $70.00 and gave the stock a "market perform" rating in a research report on Thursday, December 5th. Finally, JPMorgan Chase & Co. cut their price objective on Dollar Tree from $88.00 to $78.00 and set a "neutral" rating for the company in a report on Thursday, March 27th. Sixteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Dollar Tree currently has an average rating of "Hold" and an average price target of $84.11.

Dollar Tree Stock Performance

DLTR traded down $8.21 during trading on Thursday, hitting $69.36. The stock had a trading volume of 11,098,468 shares, compared to its average volume of 3,937,603. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. The company has a 50 day moving average price of $71.37 and a 200-day moving average price of $70.41. Dollar Tree, Inc. has a one year low of $60.49 and a one year high of $135.94. The firm has a market cap of $14.92 billion, a price-to-earnings ratio of -14.54, a P/E/G ratio of 2.16 and a beta of 0.91.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 business had revenue of $5 billion during the quarter, compared to the consensus estimate of $8.23 billion. During the same period in the previous year, the firm posted $2.55 EPS. The company's revenue was up .7% compared to the same quarter last year. As a group, research analysts predict 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.