Dollar Tree, Inc. (NASDAQ:DLTR) Shares Sold by Capital International Sarl

Capital International Sarl lessened its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 28.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,054 shares of the company’s stock after selling 1,618 shares during the period. Capital International Sarl’s holdings in Dollar Tree were worth $304,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sanctuary Advisors LLC increased its position 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 buying an additional 2,745 shares in the last quarter. Tidal Investments LLC lifted its stake in shares of Dollar Tree by 193.1% during the 3rd 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 holdings in shares of Dollar Tree by 0.6% during the third quarter. Principal Financial Group Inc. now owns 232,455 shares of the company’s stock worth $16,346,000 after purchasing an additional 1,485 shares during the last quarter. Versant Capital Management Inc purchased a new stake in shares of Dollar Tree in the fourth quarter valued at $30,000. Finally, GAMMA Investing LLC increased its stake in Dollar Tree by 145.0% in the fourth quarter. GAMMA Investing LLC now owns 5,691 shares of the company’s stock valued at $426,000 after purchasing an additional 3,368 shares during the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

Dollar Tree Price Performance

Shares of DLTR stock opened at $79.14 on Friday. The firm has a fifty day simple moving average of $71.05 and a 200-day simple moving average of $70.45. The company has a market capitalization of $17.02 billion, a PE ratio of -16.59, a price-to-earnings-growth ratio of 2.16 and a beta of 0.87. Dollar Tree, Inc. has a twelve month low of $60.49 and a twelve month high of $123.41. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32.

Dollar Tree (NASDAQ:DLTR) 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 negative net margin of 3.34% and a positive return on equity of 16.89%. The firm had revenue of $5 billion during the quarter, compared to analysts’ expectations of $8.23 billion. During the same period in the previous year, the company earned $2.55 earnings per share. The business’s quarterly revenue was up .7% on a year-over-year basis. Equities research analysts anticipate that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

DLTR has been the subject of several recent analyst reports. Guggenheim lowered their price target on Dollar Tree from $100.00 to $95.00 and set a “buy” rating for the company in a report on Friday, March 28th. Telsey Advisory Group upped their price target on shares of Dollar Tree from $75.00 to $82.00 and gave the stock a “market perform” rating in a research report on Thursday, March 27th. JPMorgan Chase & Co. decreased their price target on shares of Dollar Tree from $88.00 to $78.00 and set a “neutral” rating on the stock in a report on Thursday, March 27th. Wells Fargo & Company boosted their price objective on shares of Dollar Tree from $85.00 to $90.00 and gave the company an “overweight” rating in a research note on Tuesday, April 1st. Finally, Truist Financial set a $84.00 target price on Dollar Tree in a research report on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Dollar Tree currently has an average rating of “Hold” and a consensus target price of $81.84.

Insider Activity

In other Dollar Tree news, CAO Aditya Maheshwari sold 1,238 shares of the stock in a transaction 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 sale, the chief accounting officer now directly owns 4,231 shares of the company’s stock, valued at $316,055.70. This trade represents a 22.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director William W. Douglas III acquired 701 shares of the company’s stock in a transaction that occurred 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 acquisition, the director now owns 1,377 shares in the company, valued at approximately $103,275. This trade represents 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.

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.