Dollar Tree, Inc. (NASDAQ:DLTR) Shares Sold by Natixis

Natixis reduced its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 26.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 696,915 shares of the company’s stock after selling 246,809 shares during the period. Natixis’ holdings in Dollar Tree were worth $52,227,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Assetmark Inc. increased its position in Dollar Tree by 74.1% during the 4th quarter. Assetmark Inc. now owns 350 shares of the company’s stock worth $26,000 after purchasing an additional 149 shares in the last quarter. Bessemer Group Inc. boosted its stake in shares of Dollar Tree by 34,600.0% during the 4th quarter. Bessemer Group Inc. now owns 347 shares of the company’s stock worth $26,000 after purchasing an additional 346 shares during the last quarter. Versant Capital Management Inc purchased a new stake in shares of Dollar Tree during the fourth quarter worth about $30,000. Parkside Financial Bank & Trust raised its position in shares of Dollar Tree by 120.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 424 shares of the company’s stock valued at $32,000 after buying an additional 232 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in shares of Dollar Tree by 91.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock valued at $33,000 after buying an additional 210 shares during the period. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Wall Street Analyst Weigh In

DLTR has been the topic of a number of recent analyst reports. Truist Financial set a $84.00 price target on Dollar Tree in a research note on Thursday, March 27th. Citigroup raised shares of Dollar Tree from a “neutral” rating to a “buy” rating and raised their target price for the stock from $76.00 to $103.00 in a research report on Monday, April 7th. UBS Group decreased their price target on shares of Dollar Tree from $105.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, March 21st. Bank of America dropped their price objective on Dollar Tree from $75.00 to $70.00 and set an “underperform” rating for the company in a report on Tuesday, April 8th. Finally, Evercore ISI upped their price target on Dollar Tree from $79.00 to $85.00 and gave the stock an “in-line” rating in a research note on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $81.84.

Dollar Tree Trading Up 8.1 %

DLTR opened at $79.14 on Friday. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $123.41. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. The stock has a market capitalization of $17.02 billion, a PE ratio of -16.59, a P/E/G ratio of 2.16 and a beta of 0.87. The firm’s fifty day moving average price is $71.05 and its 200 day moving average price is $70.45.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Wednesday, March 26th. The company reported $2.11 EPS for the quarter, missing the consensus estimate 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 company had revenue of $5 billion for the quarter, compared to the consensus estimate of $8.23 billion. During the same period in the previous year, the business posted $2.55 EPS. The business’s revenue for the quarter was up .7% on a year-over-year basis. As a group, research analysts expect that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CAO Aditya Maheshwari sold 1,238 shares of the stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $74.70, for a total transaction of $92,478.60. Following the sale, the chief accounting officer now directly owns 4,231 shares in the company, valued at approximately $316,055.70. This represents a 22.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William W. Douglas III acquired 701 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were bought at an average price of $75.00 per share, with a total value of $52,575.00. Following the completion of the purchase, the director now owns 1,377 shares in the company, valued at $103,275. The trade was 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 currently owned by company insiders.

Dollar Tree 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.