Price T Rowe Associates Inc. MD Sells 1,724,953 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Price T Rowe Associates Inc. MD lessened its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 33.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,447,610 shares of the company's stock after selling 1,724,953 shares during the quarter. Price T Rowe Associates Inc. MD owned about 1.60% of Dollar Tree worth $258,365,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Marshall Wace LLP raised its holdings in shares of Dollar Tree by 784.2% in the 4th quarter. Marshall Wace LLP now owns 4,377,366 shares of the company's stock valued at $328,040,000 after acquiring an additional 3,882,324 shares in the last quarter. Norges Bank bought a new stake in Dollar Tree during the fourth quarter worth about $171,149,000. Capital International Investors boosted its holdings in shares of Dollar Tree by 30.1% in the 4th quarter. Capital International Investors now owns 8,753,693 shares of the company's stock worth $656,000,000 after purchasing an additional 2,023,819 shares in the last quarter. Madison Investment Advisors LLC bought a new position in shares of Dollar Tree during the 4th quarter valued at about $113,315,000. Finally, Primecap Management Co. CA raised 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 valued at $298,143,000 after buying an additional 947,580 shares in the last quarter. Hedge funds and other institutional investors own 97.40% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on DLTR. Guggenheim reduced their price target on shares of Dollar Tree from $100.00 to $95.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. UBS Group reduced their target price on shares of Dollar Tree from $105.00 to $95.00 and set a "buy" rating on the stock in a report on Friday, March 21st. Loop Capital reissued a "hold" rating on shares of Dollar Tree in a research note on Thursday, March 27th. Evercore ISI upped 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. Finally, Wells Fargo & Company lifted their price objective on Dollar Tree from $85.00 to $90.00 and gave the stock an "overweight" rating in a report on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $81.84.

Dollar Tree Stock Up 0.9 %

Shares of NASDAQ:DLTR traded up $0.72 on Tuesday, hitting $80.89. 2,403,051 shares of the company traded hands, compared to its average volume of 3,995,807. The company has a market cap of $17.40 billion, a PE ratio of -16.96, a PEG ratio of 2.16 and a beta of 0.87. The stock has a 50 day simple moving average of $72.05 and a 200-day simple moving average of $70.95. Dollar Tree, Inc. has a 52 week low of $60.49 and a 52 week high of $123.17. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.20 by ($0.09). Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The firm had revenue of $5 billion during the quarter, compared to analysts' expectations of $8.23 billion. During the same period last year, the firm posted $2.55 earnings per share. The firm's quarterly revenue was up .7% on a year-over-year basis. As a group, research analysts expect that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Insider Transactions at Dollar Tree

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

Dollar Tree Company 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.