Fmr LLC Sells 62,659 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

FMR LLC lowered its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 2.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,690,049 shares of the company's stock after selling 62,659 shares during the quarter. FMR LLC owned about 1.25% of Dollar Tree worth $201,592,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Empower Advisory Group LLC grew its holdings in shares of Dollar Tree by 15.3% during the 4th quarter. Empower Advisory Group LLC now owns 760,423 shares of the company's stock worth $56,986,000 after acquiring an additional 100,676 shares during the period. Pzena Investment Management LLC bought a new stake in shares of Dollar Tree during the fourth quarter valued at approximately $520,000. Strategic Wealth Investment Group LLC purchased a new stake in Dollar Tree in the fourth quarter worth $448,000. Intrepid Capital Management Inc. raised its holdings in Dollar Tree by 103.6% in the fourth quarter. Intrepid Capital Management Inc. now owns 27,026 shares of the company's stock worth $2,025,000 after purchasing an additional 13,751 shares in the last quarter. Finally, Alberta Investment Management Corp raised its holdings in Dollar Tree by 253.2% in the fourth quarter. Alberta Investment Management Corp now owns 93,600 shares of the company's stock worth $7,014,000 after purchasing an additional 67,100 shares in the last quarter. 97.40% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on DLTR. Wells Fargo & Company boosted their target price on shares of Dollar Tree from $85.00 to $90.00 and gave the company an "overweight" rating in a report on Tuesday, April 1st. Telsey Advisory Group upped 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. Citigroup upgraded shares of Dollar Tree from a "neutral" rating to a "buy" rating and lifted their target price for the company from $76.00 to $103.00 in a report on Monday, April 7th. UBS Group dropped their price target on Dollar Tree from $105.00 to $95.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. Finally, JPMorgan Chase & Co. reduced their price objective on Dollar Tree from $88.00 to $78.00 and set a "neutral" rating for the company in a research report on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $81.84.

Insiders Place Their Bets

In other news, Director William W. Douglas III bought 701 shares of Dollar Tree stock in a transaction that occurred on Wednesday, April 2nd. The stock was bought at an average cost 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 $103,275. The trade was a 103.70 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Aditya Maheshwari sold 1,238 shares of Dollar Tree stock in a transaction that occurred 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 directly owns 4,231 shares in the company, valued at $316,055.70. This represents a 22.64 % decrease in their position. The disclosure for this sale can be found here. Insiders own 6.80% of the company's stock.

Dollar Tree Stock Performance

Shares of DLTR traded up $5.93 during trading hours on Friday, hitting $79.14. The stock had a trading volume of 7,221,420 shares, compared to its average volume of 3,923,640. The firm has a market capitalization of $17.02 billion, a PE ratio of -16.59, a PEG ratio of 2.16 and a beta of 0.87. 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, Inc. has a 12 month low of $60.49 and a 12 month high of $124.81. The stock has a fifty day moving average price of $70.91 and a 200 day moving average price of $70.39.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last released its quarterly 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 firm had revenue of $5 billion for the quarter, compared to the consensus estimate of $8.23 billion. During the same quarter in the prior year, the firm earned $2.55 earnings per share. The company's revenue for the quarter was up .7% compared to the same quarter last year. Analysts anticipate that Dollar Tree, Inc. will post 5.39 EPS for the current year.

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.