Dollar Tree, Inc. (NASDAQ:DLTR) Holdings Cut by Edmond DE Rothschild Holding S.A.

Edmond DE Rothschild Holding S.A. lowered its holdings in Dollar Tree, Inc. (NASDAQ:DLTRFree Report) by 60.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,975 shares of the company’s stock after selling 2,974 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Dollar Tree were worth $281,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of DLTR. NBC Securities Inc. bought a new position in Dollar Tree in the third quarter worth about $114,000. Lincoln National Corp raised its holdings in shares of Dollar Tree by 6.3% during the third quarter. Lincoln National Corp now owns 4,774 shares of the company’s stock valued at $508,000 after buying an additional 281 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Dollar Tree by 14.7% during the third quarter. Victory Capital Management Inc. now owns 219,016 shares of the company’s stock valued at $23,314,000 after buying an additional 28,004 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in shares of Dollar Tree by 10.3% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 206,225 shares of the company’s stock valued at $21,953,000 after buying an additional 19,320 shares during the last quarter. Finally, Jump Financial LLC raised its holdings in shares of Dollar Tree by 332.5% during the third quarter. Jump Financial LLC now owns 8,455 shares of the company’s stock valued at $900,000 after buying an additional 6,500 shares during the last quarter. Institutional investors own 97.40% of the company’s stock.

Wall Street Analysts Forecast Growth

DLTR has been the topic of a number of recent analyst reports. Oppenheimer reaffirmed a “market perform” rating on shares of Dollar Tree in a report on Monday, March 4th. Evercore ISI lowered their price objective 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, April 16th. StockNews.com upgraded shares of Dollar Tree from a “sell” rating to a “hold” rating in a research note on Wednesday, March 27th. Jefferies Financial Group lowered their price objective on shares of Dollar Tree from $130.00 to $128.00 in a research note on Thursday, March 14th. Finally, Truist Financial lowered their price objective on shares of Dollar Tree from $149.00 to $147.00 and set a “buy” rating on the stock in a research note on Thursday, March 14th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $150.55.

Check Out Our Latest Report on Dollar Tree

Insider Buying and Selling at Dollar Tree

In related news, Director Daniel J. Heinrich bought 1,000 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was bought at an average price of $127.85 per share, with a total value of $127,850.00. Following the purchase, the director now directly owns 6,225 shares of the company’s stock, valued at approximately $795,866.25. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Daniel J. Heinrich bought 1,000 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was bought at an average price of $127.85 per share, with a total value of $127,850.00. Following the purchase, the director now directly owns 6,225 shares of the company’s stock, valued at approximately $795,866.25. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Jeffrey A. Davis bought 1,800 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were bought at an average cost of $136.00 per share, with a total value of $244,800.00. Following the purchase, the chief financial officer now directly owns 19,047 shares in the company, valued at $2,590,392. The disclosure for this purchase can be found here. Company insiders own 6.80% of the company’s stock.

Dollar Tree Price Performance

NASDAQ DLTR opened at $113.83 on Thursday. Dollar Tree, Inc. has a twelve month low of $102.77 and a twelve month high of $154.96. The company has a current ratio of 1.31, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. The firm’s 50 day moving average price is $122.95 and its two-hundred day moving average price is $130.09.

Dollar Tree (NASDAQ:DLTRGet Free Report) last posted its quarterly earnings data on Wednesday, March 13th. The company reported $2.55 earnings per share for the quarter, missing the consensus estimate of $2.67 by ($0.12). Dollar Tree had a positive return on equity of 15.11% and a negative net margin of 3.26%. The firm had revenue of $8.63 billion for the quarter, compared to analysts’ expectations of $8.66 billion. During the same quarter in the previous year, the firm posted $2.04 earnings per share. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. As a group, sell-side analysts forecast that Dollar Tree, Inc. will post 6.88 earnings per share for the current year.

About Dollar Tree

(Free Report)

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.

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Want to see what other hedge funds are holding DLTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dollar Tree, Inc. (NASDAQ:DLTRFree Report).

Institutional Ownership by Quarter for Dollar Tree (NASDAQ:DLTR)

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