Tower Research Capital LLC TRC Sells 5,377 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Tower Research Capital LLC TRC trimmed its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 22.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,827 shares of the company's stock after selling 5,377 shares during the period. Tower Research Capital LLC TRC's holdings in Dollar Tree were worth $1,411,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DLTR. Assetmark Inc. boosted its stake in shares of Dollar Tree by 74.1% in 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. Bessemer Group Inc. lifted its holdings in Dollar Tree by 34,600.0% in the fourth quarter. Bessemer Group Inc. now owns 347 shares of the company's stock valued at $26,000 after acquiring an additional 346 shares during the period. Versant Capital Management Inc purchased a new position in Dollar Tree in the fourth quarter worth about $30,000. Parkside Financial Bank & Trust grew its stake in shares of Dollar Tree by 120.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 424 shares of the company's stock valued at $32,000 after purchasing an additional 232 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its position in shares of Dollar Tree by 91.3% during 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 during the last quarter. Institutional investors own 97.40% of the company's stock.

Insider Activity at Dollar Tree

In related news, CAO Aditya Maheshwari sold 1,238 shares of the business's stock in a transaction that occurred on 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 sale, the chief accounting officer now owns 4,231 shares in the company, valued at approximately $316,055.70. The trade was a 22.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William W. Douglas III acquired 701 shares of Dollar Tree stock in a transaction on Wednesday, April 2nd. The shares were purchased at an average price 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 in the company, valued at $103,275. This trade represents a 103.70 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 6.80% of the stock is owned by company insiders.

Dollar Tree Trading Down 0.4 %

Shares of DLTR traded down $0.36 during midday trading on Monday, hitting $80.21. The stock had a trading volume of 2,625,458 shares, compared to its average volume of 4,002,174. The stock's 50 day moving average is $71.96 and its 200 day moving average is $70.87. The firm has a market cap of $17.25 billion, a PE ratio of -16.82, a price-to-earnings-growth ratio of 2.16 and a beta of 0.87. 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, Inc. has a 1 year low of $60.49 and a 1 year high of $123.17.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last posted its quarterly earnings data 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). 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 company earned $2.55 earnings per share. The business's revenue for the quarter was up .7% compared to the same quarter last year. As a group, analysts forecast that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on DLTR. Citigroup upgraded shares of Dollar Tree from a "neutral" rating to a "buy" rating and boosted their target price for the company from $76.00 to $103.00 in a research report on Monday, April 7th. Guggenheim reduced their price objective on Dollar Tree from $100.00 to $95.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Evercore ISI lifted their price objective on Dollar Tree from $79.00 to $85.00 and gave the company an "in-line" rating in a research report on Thursday, March 27th. Bank of America lowered 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, April 8th. Finally, Loop Capital reissued a "hold" rating on shares of Dollar Tree in a research note on Thursday, March 27th. One equities research 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 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.