Sei Investments Co. Has $12.75 Million Stock Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Sei Investments Co. decreased its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 27.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 170,151 shares of the company's stock after selling 65,181 shares during the quarter. Sei Investments Co. owned approximately 0.08% of Dollar Tree worth $12,751,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Assetmark Inc. lifted its position in shares of Dollar Tree by 74.1% during the 4th quarter. Assetmark Inc. now owns 350 shares of the company's stock worth $26,000 after buying an additional 149 shares during the last quarter. Versant Capital Management Inc purchased a new position in shares of Dollar Tree in the 4th quarter valued at $30,000. Parkside Financial Bank & Trust raised its stake in Dollar Tree by 120.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 424 shares of the company's stock worth $32,000 after acquiring an additional 232 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in Dollar Tree by 91.3% in the fourth 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. Finally, Sunbelt Securities Inc. boosted its stake in Dollar Tree by 738.7% in the third quarter. Sunbelt Securities Inc. now owns 629 shares of the company's stock valued at $44,000 after acquiring an additional 554 shares in the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Piper Sandler reiterated a "neutral" rating and set a $72.00 target price (up previously from $67.00) on shares of Dollar Tree in a research report on Thursday, December 5th. Jefferies Financial Group lifted their price objective on shares of Dollar Tree from $70.00 to $75.00 and gave the company a "hold" rating in a research note on Wednesday, December 4th. BMO Capital Markets upped their price objective on Dollar Tree from $65.00 to $70.00 and gave the company a "market perform" rating in a research note on Thursday, December 5th. Truist Financial set a $84.00 price objective on shares of Dollar Tree in a research note on Thursday, March 27th. Finally, StockNews.com upgraded shares of Dollar Tree from a "sell" rating to a "hold" rating in a research report on Thursday, December 5th. Sixteen analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $84.11.

Insiders Place Their Bets

In other news, Director William W. Douglas III bought 701 shares of the business's stock in a transaction 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 of the company's stock, valued at approximately $103,275. This trade represents a 103.70 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.80% of the stock is currently owned by insiders.

Dollar Tree Stock Performance

Shares of DLTR stock traded down $10.35 on Thursday, hitting $67.22. 16,314,943 shares of the stock traded hands, compared to its average volume of 3,715,603. The company's fifty day moving average is $71.29 and its 200 day moving average is $70.39. Dollar Tree, Inc. has a 1-year low of $60.49 and a 1-year high of $135.94. The company has a market capitalization of $14.46 billion, a PE ratio of -14.09, a PEG ratio of 2.16 and a beta of 0.91. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its earnings results 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 company had revenue of $5 billion during the quarter, compared to analyst estimates of $8.23 billion. During the same quarter in the previous year, the firm earned $2.55 earnings per share. The business's revenue was up .7% on a year-over-year basis. On average, equities research analysts predict that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

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.