Mutual of America Capital Management LLC Sells 1,329 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Mutual of America Capital Management LLC cut its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 4.5% in the fourth quarter, HoldingsChannel reports. The fund owned 28,015 shares of the company’s stock after selling 1,329 shares during the period. Mutual of America Capital Management LLC’s holdings in Dollar Tree were worth $3,980,000 as of its most recent filing with the Securities and Exchange Commission.

Several 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 shares of Dollar Tree in the third quarter worth approximately $26,000. ICA Group Wealth Management LLC purchased a new position in shares of Dollar Tree during the 4th quarter valued at $27,000. Farther Finance Advisors LLC lifted its stake in shares of Dollar Tree by 111.1% during the 2nd quarter. Farther Finance Advisors LLC now owns 228 shares of the company’s stock valued at $33,000 after buying an additional 120 shares in the last quarter. Operose Advisors LLC bought a new position in Dollar Tree in the 3rd quarter worth $34,000. Finally, VitalStone Financial LLC bought a new stake in Dollar Tree during the first quarter valued at about $34,000. 97.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Loop Capital dropped their price objective on Dollar Tree from $195.00 to $170.00 and set a “buy” rating for the company in a research note on Thursday, March 14th. StockNews.com raised shares of Dollar Tree from a “sell” rating to a “hold” rating in a report on Wednesday, March 27th. Truist Financial reduced 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 report on Thursday, March 14th. Telsey Advisory Group restated an “outperform” rating and set a $160.00 target price on shares of Dollar Tree in a research report on Thursday, March 14th. Finally, TheStreet downgraded shares of Dollar Tree from a “b-” rating to a “c” rating in a report on Wednesday, March 13th. One analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $150.05.

Insider Activity

In other Dollar Tree news, CFO Jeffrey A. Davis purchased 1,800 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was purchased 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 owns 19,047 shares of the company’s stock, valued at $2,590,392. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Jeffrey A. Davis purchased 1,800 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were purchased at an average cost of $136.00 per share, for a total transaction 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 purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Daniel J. Heinrich acquired 1,000 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were bought at an average price of $127.85 per share, with a total value of $127,850.00. Following the acquisition, the director now directly owns 6,225 shares in the company, valued at $795,866.25. The disclosure for this purchase can be found here. Insiders own 6.00% of the company’s stock.

Dollar Tree Price Performance

Shares of Dollar Tree stock opened at $124.06 on Wednesday. The stock has a market cap of $27.04 billion, a price-to-earnings ratio of -26.85, a price-to-earnings-growth ratio of 1.18 and a beta of 0.90. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 1.31. The stock has a 50 day moving average price of $137.11 and a 200-day moving average price of $128.29. Dollar Tree, Inc. has a one year low of $102.77 and a one year high of $161.10.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Wednesday, March 13th. The company reported $2.55 EPS 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 period in the previous year, the firm earned $2.04 earnings per share. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. Equities analysts expect that Dollar Tree, Inc. will post 6.91 EPS for the current year.

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.