Dollar Tree, Inc. (NASDAQ:DLTR) Shares Sold by London Co. of Virginia

London Co. of Virginia reduced its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 2.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,967,350 shares of the company’s stock after selling 45,221 shares during the period. London Co. of Virginia owned about 0.92% of Dollar Tree worth $147,433,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Empower Advisory Group LLC increased its position in shares of Dollar Tree by 15.3% in the fourth quarter. Empower Advisory Group LLC now owns 760,423 shares of the company’s stock worth $56,986,000 after acquiring an additional 100,676 shares in the last quarter. Pzena Investment Management LLC purchased a new position in shares of Dollar Tree in the fourth quarter worth approximately $520,000. Strategic Wealth Investment Group LLC purchased a new position in shares of Dollar Tree in the fourth quarter worth approximately $448,000. Intrepid Capital Management Inc. increased its position in shares of Dollar Tree by 103.6% in the fourth quarter. Intrepid Capital Management Inc. now owns 27,026 shares of the company’s stock worth $2,025,000 after acquiring an additional 13,751 shares in the last quarter. Finally, Alberta Investment Management Corp increased its position in shares of Dollar Tree by 253.2% in the fourth quarter. Alberta Investment Management Corp now owns 93,600 shares of the company’s stock worth $7,014,000 after acquiring an additional 67,100 shares in the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.

Dollar Tree Price Performance

Shares of Dollar Tree stock opened at $85.51 on Monday. The firm has a fifty day simple moving average of $73.91 and a 200-day simple moving average of $71.97. 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, Inc. has a 1-year low of $60.49 and a 1-year high of $123.17. The stock has a market capitalization of $18.39 billion, a price-to-earnings ratio of -17.93, a PEG ratio of 2.16 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR) last issued 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 analyst estimates of $8.23 billion. During the same quarter in the previous year, the firm posted $2.55 earnings per share. Dollar Tree’s quarterly revenue was up .7% compared to the same quarter last year. On average, sell-side analysts expect that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Insider Transactions at Dollar Tree

In other Dollar Tree news, CAO Aditya Maheshwari sold 1,238 shares of the stock in a transaction on Monday, April 14th. The shares were 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 directly owns 4,231 shares of the company’s stock, valued at $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 is available at this link. Also, Director William W. Douglas III purchased 701 shares of Dollar Tree stock in a transaction on Wednesday, April 2nd. The stock was bought at an average cost of $75.00 per share, with a total value of $52,575.00. Following the completion of 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. 6.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on DLTR. Truist Financial lifted their target price on shares of Dollar Tree from $84.00 to $89.00 and gave the stock a “buy” rating in a research report on Tuesday, May 6th. Guggenheim reaffirmed a “buy” rating and set a $100.00 price objective (up from $95.00) on shares of Dollar Tree in a research report on Monday, May 5th. JPMorgan Chase & Co. lowered their price objective on shares of Dollar Tree from $88.00 to $78.00 and set a “neutral” rating on the stock in a research 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 report on Tuesday, April 1st. Finally, UBS Group lowered their price objective on shares of Dollar Tree from $105.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday, March 21st. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Dollar Tree currently has an average rating of “Hold” and an average price target of $82.68.

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.