Jump Financial LLC Reduces Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Jump Financial LLC trimmed its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 97.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,244 shares of the company's stock after selling 341,169 shares during the quarter. Jump Financial LLC's holdings in Dollar Tree were worth $693,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Assetmark Inc. grew its position in Dollar Tree by 74.1% during the 4th quarter. Assetmark Inc. now owns 350 shares of the company's stock worth $26,000 after purchasing an additional 149 shares during the last quarter. Bessemer Group Inc. raised its position in shares of Dollar Tree by 34,600.0% in the fourth quarter. Bessemer Group Inc. now owns 347 shares of the company's stock worth $26,000 after acquiring an additional 346 shares during the period. Versant Capital Management Inc acquired a new stake in Dollar Tree in the 4th quarter valued at $30,000. Parkside Financial Bank & Trust lifted its position in shares of Dollar Tree by 120.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 424 shares of the company's stock valued at $32,000 after acquiring an additional 232 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in Dollar Tree by 91.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company's stock valued at $33,000 after acquiring an additional 210 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Dollar Tree Price Performance

DLTR stock traded down $0.66 during trading on Friday, reaching $80.57. 3,136,482 shares of the company were exchanged, compared to its average volume of 3,995,042. The stock's 50 day moving average price is $71.96 and its 200 day moving average price is $70.85. Dollar Tree, Inc. has a 52-week low of $60.49 and a 52-week high of $123.17. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. The company has a market cap of $17.33 billion, a P/E ratio of -16.89, a PEG ratio of 2.16 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its quarterly earnings data on Wednesday, March 26th. The company reported $2.11 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 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% on a year-over-year basis. As a group, analysts predict that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Insider Activity at Dollar Tree

In related news, CAO Aditya Maheshwari sold 1,238 shares of the firm's stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $74.70, for a total value of $92,478.60. Following the sale, the chief accounting officer now directly owns 4,231 shares of the company's stock, valued at approximately $316,055.70. This trade represents a 22.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William W. Douglas III bought 701 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The stock was purchased at an average cost of $75.00 per share, for a total transaction of $52,575.00. Following the completion of the transaction, the director now directly owns 1,377 shares in the company, valued at approximately $103,275. This trade represents a 103.70 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 6.80% of the company's stock.

Wall Street Analysts Forecast Growth

DLTR has been the subject of several recent analyst reports. Truist Financial set a $84.00 target price on Dollar Tree in a research note on Thursday, March 27th. UBS Group reduced their price objective on Dollar Tree from $105.00 to $95.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. Telsey Advisory Group increased their price objective 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. Loop Capital reissued a "hold" rating on shares of Dollar Tree in a research report on Thursday, March 27th. Finally, Evercore ISI boosted their price target on shares of Dollar Tree from $79.00 to $85.00 and gave the company an "in-line" rating in a research report on Thursday, March 27th. One 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, the stock presently has an average rating of "Hold" and a consensus target price of $81.84.

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.