Thrivent Financial for Lutherans Reduces Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Thrivent Financial for Lutherans trimmed its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 45.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,923 shares of the company's stock after selling 6,646 shares during the quarter. Thrivent Financial for Lutherans' holdings in Dollar Tree were worth $594,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Assetmark Inc. increased its position in shares of Dollar Tree by 74.1% during the fourth quarter. Assetmark Inc. now owns 350 shares of the company's stock worth $26,000 after acquiring an additional 149 shares during the period. Versant Capital Management Inc purchased a new stake in Dollar Tree during the 4th quarter worth about $30,000. Parkside Financial Bank & Trust increased its holdings 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 purchasing an additional 232 shares during the period. MassMutual Private Wealth & Trust FSB raised its position in Dollar Tree by 91.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company's stock valued at $33,000 after purchasing an additional 210 shares in the last quarter. Finally, Sunbelt Securities Inc. boosted its stake in shares of Dollar Tree by 738.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 629 shares of the company's stock valued at $44,000 after buying an additional 554 shares during the period. 97.40% of the stock is owned by institutional investors and hedge funds.

Dollar Tree Stock Performance

Shares of Dollar Tree stock traded down $3.14 during trading on Tuesday, reaching $69.70. The company's stock had a trading volume of 8,336,524 shares, compared to its average volume of 3,798,483. The company has a 50-day moving average price of $70.95 and a two-hundred day moving average price of $70.28. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week high of $131.42. The firm has a market cap of $14.99 billion, a PE ratio of -14.61, a P/E/G ratio of 2.16 and a beta of 0.87. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32.

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Dollar Tree (NASDAQ:DLTR - Get Free Report) last posted its quarterly earnings data on Wednesday, March 26th. The company reported $2.11 EPS for the quarter, missing analysts' consensus estimates of $2.20 by ($0.09). The business 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 company's revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.55 earnings per share. On average, analysts forecast that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on DLTR. Bank of America cut their target price on shares of Dollar Tree from $75.00 to $70.00 and set an "underperform" rating on the stock in a research note on Tuesday. Evercore ISI increased their price objective 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. Citigroup raised shares of Dollar Tree from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $76.00 to $103.00 in a research report on Monday. JPMorgan Chase & Co. dropped their target price on Dollar Tree from $88.00 to $78.00 and set a "neutral" rating on the stock in a report on Thursday, March 27th. Finally, Wells Fargo & Company lifted their price target 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 given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $81.84.

Insider Transactions at Dollar Tree

In other news, Director William W. Douglas III acquired 701 shares of Dollar Tree 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 completion of the acquisition, the director now owns 1,377 shares in the company, valued at $103,275. This trade represents a 103.70 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate 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.