Dollar Tree, Inc. (NASDAQ:DLTR) Stake Lowered by Invesco Ltd.

Invesco Ltd. lowered its position in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 1.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,243,088 shares of the company's stock after selling 56,810 shares during the quarter. Invesco Ltd. owned 1.51% of Dollar Tree worth $243,037,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DLTR. Pzena Investment Management LLC acquired a new position in shares of Dollar Tree in the fourth quarter worth about $520,000. Empower Advisory Group LLC boosted its stake 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 valued at $56,986,000 after buying an additional 100,676 shares during the last quarter. Strategic Wealth Investment Group LLC acquired a new stake in shares of Dollar Tree during the fourth quarter worth approximately $448,000. Intrepid Capital Management Inc. grew its position in shares of Dollar Tree by 103.6% during the fourth quarter. Intrepid Capital Management Inc. now owns 27,026 shares of the company's stock worth $2,025,000 after buying an additional 13,751 shares in the last quarter. Finally, Entropy Technologies LP bought a new stake in shares of Dollar Tree in the fourth quarter worth $2,173,000. 97.40% of the stock is owned by hedge funds and other institutional investors.

Dollar Tree Stock Performance

Shares of DLTR traded down $1.99 during trading hours on Tuesday, reaching $71.72. 2,815,538 shares of the company's stock traded hands, compared to its average volume of 3,878,195. Dollar Tree, Inc. has a twelve month low of $60.49 and a twelve month high of $128.00. The business's fifty day simple moving average is $70.85 and its two-hundred 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. The firm has a market capitalization of $15.43 billion, a price-to-earnings ratio of -15.03, a P/E/G ratio of 2.16 and a beta of 0.87.

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Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its quarterly earnings results 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 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 analyst estimates of $8.23 billion. During the same period in the previous year, the company posted $2.55 earnings per share. Dollar Tree's revenue was up .7% compared to the same quarter last year. Analysts predict that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Wells Fargo & Company raised their price objective 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. JPMorgan Chase & Co. decreased their price target on Dollar Tree from $88.00 to $78.00 and set a "neutral" rating for the company in a research note on Thursday, March 27th. Loop Capital restated a "hold" rating on shares of Dollar Tree in a research note on Thursday, March 27th. Evercore ISI lifted their target price on Dollar Tree from $79.00 to $85.00 and gave the stock an "in-line" rating in a research report on Thursday, March 27th. Finally, Truist Financial set a $84.00 price target on Dollar Tree in a report on Thursday, March 27th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $81.84.

Insider Buying and Selling at Dollar Tree

In other Dollar Tree news, Director William W. Douglas III bought 701 shares of Dollar Tree stock in a transaction dated Wednesday, April 2nd. The stock was bought at an average price of $75.00 per share, for a total transaction of $52,575.00. Following the completion of the acquisition, the director now directly owns 1,377 shares of the company's stock, valued at approximately $103,275. This trade represents a 103.70 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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.