Dollar Tree, Inc. (NASDAQ:DLTR) Shares Sold by Korea Investment CORP

Korea Investment CORP decreased its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 22.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 144,572 shares of the company's stock after selling 42,833 shares during the quarter. Korea Investment CORP owned about 0.07% of Dollar Tree worth $10,834,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Townsquare Capital LLC boosted its position in shares of Dollar Tree by 5.6% during the 3rd quarter. Townsquare Capital LLC now owns 17,433 shares of the company's stock valued at $1,226,000 after acquiring an additional 931 shares during the last quarter. ARGA Investment Management LP increased its holdings in Dollar Tree by 113.6% in the 3rd quarter. ARGA Investment Management LP now owns 25,064 shares of the company's stock valued at $1,762,000 after purchasing an additional 13,332 shares during the last quarter. Arizona PSPRS Trust acquired a new stake in shares of Dollar Tree in the third quarter valued at $1,210,000. Clearline Capital LP purchased a new stake in Dollar Tree during the third quarter worth about $1,048,000. Finally, Cinctive Capital Management LP acquired a new position in shares of Dollar Tree in the third quarter valued at approximately $7,371,000. Hedge funds and other institutional investors own 97.40% of the company's stock.

Wall Street Analysts Forecast Growth

DLTR has been the subject of several analyst reports. Citigroup boosted their target price on Dollar Tree from $64.00 to $76.00 and gave the stock a "neutral" rating in a research note on Thursday, December 5th. JPMorgan Chase & Co. dropped their price target on shares of Dollar Tree from $88.00 to $78.00 and set a "neutral" rating on the stock in a research note on Thursday, March 27th. Truist Financial set a $84.00 price objective on shares of Dollar Tree in a research report on Thursday, March 27th. BMO Capital Markets increased their target price on shares of Dollar Tree from $65.00 to $70.00 and gave the company a "market perform" rating in a research report on Thursday, December 5th. Finally, Wells Fargo & Company lifted their price target on shares of Dollar Tree from $85.00 to $90.00 and gave the stock an "overweight" rating in a research note on Tuesday. Sixteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $84.11.

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Dollar Tree Stock Performance

Shares of NASDAQ DLTR traded down $8.02 during mid-day trading on Thursday, hitting $69.55. 10,571,354 shares of the company were exchanged, compared to its average volume of 3,691,920. The stock has a 50 day simple moving average of $71.37 and a 200-day simple moving average of $70.41. Dollar Tree, Inc. has a 1-year low of $60.49 and a 1-year high of $136.02. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. The firm has a market cap of $14.96 billion, a price-to-earnings ratio of -14.58, a price-to-earnings-growth ratio of 2.16 and a beta of 0.91.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last released its earnings results on Wednesday, March 26th. The company reported $2.11 EPS for the quarter, missing the consensus estimate of $2.20 by ($0.09). The firm had revenue of $5 billion during the quarter, compared to analyst estimates 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 revenue was up .7% on a year-over-year basis. During the same quarter last year, the business posted $2.55 EPS. On average, sell-side analysts forecast that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Dollar Tree 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.