Schroder Investment Management Group Has $1.26 Million Stake in Dollar Tree, Inc. (NASDAQ:DLTR)

Schroder Investment Management Group cut its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 29.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,898 shares of the company's stock after selling 7,011 shares during the quarter. Schroder Investment Management Group's holdings in Dollar Tree were worth $1,263,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new position in Dollar Tree during the 4th quarter valued at about $171,149,000. Madison Investment Advisors LLC acquired a new stake in shares of Dollar Tree during the fourth quarter worth approximately $113,315,000. Primecap Management Co. CA raised its stake in shares of Dollar Tree by 31.3% in the fourth quarter. Primecap Management Co. CA now owns 3,978,425 shares of the company's stock valued at $298,143,000 after acquiring an additional 947,580 shares during the last quarter. State Street Corp boosted its holdings in shares of Dollar Tree by 6.8% in the 3rd quarter. State Street Corp now owns 9,427,910 shares of the company's stock worth $662,971,000 after acquiring an additional 596,191 shares in the last quarter. Finally, Natixis Advisors LLC boosted its holdings in shares of Dollar Tree by 111.0% in the 4th quarter. Natixis Advisors LLC now owns 650,493 shares of the company's stock worth $48,748,000 after acquiring an additional 342,196 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company's stock.

Dollar Tree Trading Up 0.5 %

NASDAQ:DLTR traded up $0.37 during mid-day trading on Friday, hitting $72.11. The company had a trading volume of 8,215,267 shares, compared to its average volume of 3,878,160. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week high of $129.63. The firm has a market cap of $15.51 billion, a P/E ratio of -15.12, a P/E/G ratio of 2.16 and a beta of 0.87. The business's fifty day moving average is $70.86 and its two-hundred day moving average is $70.31.

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Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced 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). The firm had revenue of $5 billion during the quarter, compared to analyst estimates 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 was up .7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.55 earnings per share. 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, Director William W. Douglas III purchased 701 shares of the stock in a transaction on Wednesday, April 2nd. The stock was bought at an average cost 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 $103,275. The trade was a 103.70 % increase 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. Insiders own 6.80% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on DLTR shares. Wells Fargo & Company lifted their price objective on Dollar Tree from $85.00 to $90.00 and gave the company an "overweight" rating in a research report on Tuesday, April 1st. Telsey Advisory Group lifted their price target on Dollar Tree from $75.00 to $82.00 and gave the company a "market perform" rating in a report on Thursday, March 27th. JPMorgan Chase & Co. reduced 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 report 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. Finally, Loop Capital reiterated a "hold" rating on shares of Dollar Tree in a research report on Thursday, March 27th. One 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.com, Dollar Tree has a consensus rating of "Hold" and an average target price of $81.84.

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.