Summit Investment Advisors Inc. Sells 6,680 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Summit Investment Advisors Inc. trimmed its holdings in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 77.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,969 shares of the company's stock after selling 6,680 shares during the quarter. Summit Investment Advisors Inc.'s holdings in Dollar Tree were worth $148,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in DLTR. Sanctuary Advisors LLC boosted its holdings in shares of Dollar Tree by 37.6% in the third quarter. Sanctuary Advisors LLC now owns 10,041 shares of the company's stock valued at $667,000 after acquiring an additional 2,745 shares in the last quarter. Tidal Investments LLC lifted its position in Dollar Tree by 193.1% in the third quarter. Tidal Investments LLC now owns 20,130 shares of the company's stock worth $1,416,000 after purchasing an additional 13,263 shares during the period. Principal Financial Group Inc. boosted its stake in Dollar Tree by 0.6% during the 3rd quarter. Principal Financial Group Inc. now owns 232,455 shares of the company's stock valued at $16,346,000 after purchasing an additional 1,485 shares in the last quarter. Versant Capital Management Inc acquired a new position in shares of Dollar Tree during the 4th quarter valued at $30,000. Finally, GAMMA Investing LLC raised its stake in shares of Dollar Tree by 145.0% in the 4th quarter. GAMMA Investing LLC now owns 5,691 shares of the company's stock worth $426,000 after buying an additional 3,368 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CAO Aditya Maheshwari sold 1,238 shares of Dollar Tree stock in a transaction on Monday, April 14th. The shares were sold at an average price of $74.70, for a total value of $92,478.60. Following the transaction, the chief accounting officer now owns 4,231 shares in the company, valued at $316,055.70. This trade represents a 22.64 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director William W. Douglas III bought 701 shares of the business's stock in a transaction on Wednesday, April 2nd. The shares were purchased at an average cost of $75.00 per share, with a total value of $52,575.00. Following the transaction, 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 Stock Down 0.8 %

Shares of NASDAQ:DLTR traded down $0.66 during trading on Friday, reaching $80.57. 3,136,482 shares of the company traded hands, compared to its average volume of 3,995,042. Dollar Tree, Inc. has a 1-year low of $60.49 and a 1-year 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. The firm has a market cap of $17.33 billion, a P/E ratio of -16.89, a price-to-earnings-growth ratio of 2.16 and a beta of 0.87. The firm has a fifty day simple moving average of $71.96 and a 200 day simple moving average of $70.85.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last released its quarterly earnings data on Wednesday, March 26th. The company reported $2.11 earnings per share (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 firm had revenue of $5 billion for the quarter, compared to analyst estimates of $8.23 billion. During the same period in the previous year, the business posted $2.55 EPS. Dollar Tree's revenue for the quarter was up .7% on a year-over-year basis. Analysts anticipate that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

DLTR has been the subject of several research reports. Loop Capital reaffirmed a "hold" rating on shares of Dollar Tree in a research note on Thursday, March 27th. Evercore ISI lifted their price objective on shares of Dollar Tree from $79.00 to $85.00 and gave the stock an "in-line" rating in a research note on Thursday, March 27th. Guggenheim dropped their target price on shares of Dollar Tree from $100.00 to $95.00 and set a "buy" rating on the stock in a 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 for the company in a report on Friday, March 21st. Finally, Citigroup raised Dollar Tree from a "neutral" rating to a "buy" rating and upped their price target for the company from $76.00 to $103.00 in a report on Monday, April 7th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Dollar Tree currently has a consensus rating of "Hold" and a consensus price target of $81.84.

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.