Calamos Advisors LLC Trims Stake in Dollar Tree, Inc. (NASDAQ:DLTR)

Calamos Advisors LLC reduced its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 51.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 89,059 shares of the company’s stock after selling 94,271 shares during the period. Calamos Advisors LLC’s holdings in Dollar Tree were worth $12,651,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DLTR. Annis Gardner Whiting Capital Advisors LLC bought a new position in Dollar Tree in the 3rd quarter worth about $26,000. ICA Group Wealth Management LLC bought a new position in Dollar Tree in the 4th quarter worth about $27,000. Operose Advisors LLC bought a new position in Dollar Tree in the 3rd quarter worth about $34,000. VitalStone Financial LLC bought a new position in Dollar Tree in the 1st quarter worth about $34,000. Finally, Turtle Creek Wealth Advisors LLC bought a new position in Dollar Tree in the 4th quarter worth about $35,000. 97.40% of the stock is owned by hedge funds and other institutional investors.

Dollar Tree Stock Performance

NASDAQ:DLTR opened at $122.03 on Friday. Dollar Tree, Inc. has a 52 week low of $102.77 and a 52 week high of $161.10. The firm has a 50 day moving average of $136.07 and a 200 day moving average of $128.34. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.31 and a quick ratio of 0.22.

Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Wednesday, March 13th. The company reported $2.55 EPS for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.12). Dollar Tree had a negative net margin of 3.26% and a positive return on equity of 15.11%. The firm had revenue of $8.63 billion for the quarter, compared to analysts’ expectations of $8.66 billion. During the same period in the previous year, the company earned $2.04 EPS. The company’s revenue was up 11.9% on a year-over-year basis. As a group, research analysts predict that Dollar Tree, Inc. will post 6.91 earnings per share for the current fiscal year.

Insider Activity at Dollar Tree

In related news, CFO Jeffrey A. Davis purchased 1,800 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was acquired at an average price of $136.00 per share, with a total value of $244,800.00. Following the completion of the acquisition, the chief financial officer now owns 19,047 shares in the company, valued at approximately $2,590,392. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CFO Jeffrey A. Davis purchased 1,800 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was acquired at an average price of $136.00 per share, with a total value of $244,800.00. Following the completion of the acquisition, the chief financial officer now owns 19,047 shares in the company, valued at approximately $2,590,392. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Daniel J. Heinrich purchased 1,000 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was bought at an average cost of $127.85 per share, with a total value of $127,850.00. Following the acquisition, the director now owns 6,225 shares of the company’s stock, valued at approximately $795,866.25. The disclosure for this purchase can be found here. 6.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

DLTR has been the topic of a number of research analyst reports. Evercore ISI dropped their target price on shares of Dollar Tree from $144.00 to $142.00 and set an “in-line” rating on the stock in a research note on Tuesday. BMO Capital Markets dropped their target price on shares of Dollar Tree from $170.00 to $160.00 and set an “outperform” rating on the stock in a research note on Thursday, March 14th. JPMorgan Chase & Co. upped their target price on shares of Dollar Tree from $144.00 to $152.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. Gordon Haskett downgraded shares of Dollar Tree from a “buy” rating to a “hold” rating and dropped their target price for the stock from $150.00 to $140.00 in a research note on Wednesday, April 3rd. Finally, Loop Capital dropped their price objective on shares of Dollar Tree from $195.00 to $170.00 and set a “buy” rating on the stock in a research note on Thursday, March 14th. One analyst has rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, Dollar Tree currently has a consensus rating of “Moderate Buy” and a consensus target price of $150.05.

About Dollar Tree

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.