FIL Ltd Sells 1,354,876 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

FIL Ltd cut its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 35.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,512,356 shares of the company's stock after selling 1,354,876 shares during the quarter. FIL Ltd owned 1.17% of Dollar Tree worth $188,276,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Assetmark Inc. lifted its position in shares of Dollar Tree by 74.1% during the 4th 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 acquired a new position in Dollar Tree in the 4th quarter valued at approximately $30,000. Parkside Financial Bank & Trust raised its position in Dollar Tree by 120.8% during 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 during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Dollar Tree by 91.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company's stock worth $33,000 after acquiring an additional 210 shares during the period. Finally, Hurley Capital LLC acquired a new position in shares of Dollar Tree in the 4th quarter worth approximately $33,000. Institutional investors own 97.40% of the company's stock.

Dollar Tree Price Performance

Shares of NASDAQ DLTR traded up $3.10 during trading hours on Monday, reaching $75.21. 1,194,916 shares of the stock traded hands, compared to its average volume of 3,869,988. The company has a market capitalization of $16.18 billion, a P/E ratio of -15.77, a price-to-earnings-growth ratio of 2.16 and a beta of 0.87. Dollar Tree, Inc. has a 52-week low of $60.49 and a 52-week high of $128.00. The company's 50-day simple moving average is $70.86 and its two-hundred day simple moving average is $70.29. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32.

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Dollar Tree (NASDAQ:DLTR - Get Free Report) last released its quarterly earnings data on Wednesday, March 26th. The company reported $2.11 EPS for the quarter, missing the consensus estimate of $2.20 by ($0.09). The company had revenue of $5 billion during the quarter, compared to analysts' expectations of $8.23 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The firm's quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.55 EPS. Equities research analysts forecast that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Evercore ISI upped their target price on Dollar Tree from $79.00 to $85.00 and gave the company an "in-line" rating in a research report on Thursday, March 27th. Wells Fargo & Company upped their target price on shares of Dollar Tree from $85.00 to $90.00 and gave the stock an "overweight" rating in a report on Tuesday, April 1st. Telsey Advisory Group lifted their price objective 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. Truist Financial set a $84.00 target price on Dollar Tree in a report on Thursday, March 27th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Dollar Tree from $88.00 to $78.00 and set a "neutral" rating for the company in a report on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, Dollar Tree currently has an average rating of "Hold" and an average price target of $81.84.

Insider Buying and Selling at Dollar Tree

In related 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, with a total value of $52,575.00. Following the transaction, the director now directly owns 1,377 shares in the company, valued at $103,275. This trade represents a 103.70 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 6.80% of the company's stock.

About Dollar Tree

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.