Dollar Tree, Inc. (NASDAQ:DLTR) Shares Sold by NEOS Investment Management LLC

NEOS Investment Management LLC trimmed its position in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 47.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,892 shares of the company's stock after selling 9,921 shares during the period. NEOS Investment Management LLC's holdings in Dollar Tree were worth $816,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Madison Investment Advisors LLC purchased a new stake in Dollar Tree during the 4th quarter valued at about $113,315,000. Primecap Management Co. CA boosted its holdings in shares of Dollar Tree by 31.3% during the 4th quarter. Primecap Management Co. CA now owns 3,978,425 shares of the company's stock worth $298,143,000 after purchasing an additional 947,580 shares during the last quarter. State Street Corp grew its position in shares of Dollar Tree by 6.8% in the third quarter. State Street Corp now owns 9,427,910 shares of the company's stock valued at $662,971,000 after purchasing an additional 596,191 shares in the last quarter. Kovitz Investment Group Partners LLC increased its holdings in shares of Dollar Tree by 45.9% in the third quarter. Kovitz Investment Group Partners LLC now owns 1,351,632 shares of the company's stock valued at $95,994,000 after purchasing an additional 425,245 shares during the last quarter. Finally, Natixis Advisors LLC boosted its stake in Dollar Tree by 111.0% during the fourth quarter. Natixis Advisors LLC now owns 650,493 shares of the company's stock worth $48,748,000 after buying an additional 342,196 shares during the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

Several research analysts have recently commented on DLTR shares. BMO Capital Markets lifted their price target on Dollar Tree from $65.00 to $70.00 and gave the stock a "market perform" rating in a report on Thursday, December 5th. Evercore ISI upped their price objective on Dollar Tree from $79.00 to $85.00 and gave the company an "in-line" rating in a report on Thursday, March 27th. StockNews.com upgraded Dollar Tree from a "sell" rating to a "hold" rating in a research report on Thursday, December 5th. UBS Group decreased their target price on shares of 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, Loop Capital restated a "hold" rating on shares of Dollar Tree in a report on Thursday, March 27th. Fifteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, Dollar Tree currently has an average rating of "Hold" and an average target price of $81.00.

Insider Buying and Selling

In other news, Director William W. Douglas III bought 701 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The stock was 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 6.80% of the stock is owned by company insiders.

Dollar Tree Stock Up 0.5 %

Shares of NASDAQ:DLTR traded up $0.33 on Friday, hitting $67.55. 13,450,039 shares of the company's stock were exchanged, compared to its average volume of 3,755,328. Dollar Tree, Inc. has a 1-year low of $60.49 and a 1-year high of $131.52. The company has a market capitalization of $14.53 billion, a PE ratio of -14.16, a P/E/G ratio of 2.16 and a beta of 0.87. 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 firm's 50-day moving average is $71.19 and its 200 day moving average is $70.36.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its quarterly 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 company had revenue of $5 billion during the quarter, compared to analysts' expectations of $8.23 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The business's revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.55 earnings per share. Sell-side analysts predict 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.