Van ECK Associates Corp Sells 1,370 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Van ECK Associates Corp reduced its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 6.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 18,627 shares of the company’s stock after selling 1,370 shares during the period. Van ECK Associates Corp’s holdings in Dollar Tree were worth $2,646,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Fiduciary Group LLC purchased a new stake in Dollar Tree in the fourth quarter worth $203,000. Intact Investment Management Inc. bought a new stake in Dollar Tree in the 4th quarter valued at about $710,000. Russell Investments Group Ltd. lifted its holdings in Dollar Tree by 20.8% during the fourth quarter. Russell Investments Group Ltd. now owns 59,266 shares of the company’s stock valued at $8,422,000 after purchasing an additional 10,202 shares during the last quarter. Truist Financial Corp boosted its position in Dollar Tree by 1,581.5% during the fourth quarter. Truist Financial Corp now owns 205,113 shares of the company’s stock worth $29,136,000 after purchasing an additional 192,915 shares during the period. Finally, Bahl & Gaynor Inc. purchased a new position in shares of Dollar Tree in the fourth quarter worth about $213,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Insiders Place Their Bets

In other news, Director Daniel J. Heinrich purchased 1,000 shares of the company’s stock in a transaction on Monday, March 18th. The stock was purchased at an average price of $127.85 per share, with a total value of $127,850.00. Following the completion of the purchase, the director now directly owns 6,225 shares in the company, valued at approximately $795,866.25. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Daniel J. Heinrich purchased 1,000 shares of the company’s stock in a transaction on Monday, March 18th. The stock was purchased at an average price of $127.85 per share, with a total value of $127,850.00. Following the completion of the purchase, the director now directly owns 6,225 shares in the company, valued at approximately $795,866.25. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Jeffrey A. Davis purchased 1,800 shares of the company’s stock in a transaction on Monday, April 1st. The shares were 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 disclosure for this purchase can be found here. Corporate insiders own 6.00% of the company’s stock.

Dollar Tree Price Performance

Dollar Tree stock opened at $121.67 on Wednesday. Dollar Tree, Inc. has a 52 week low of $102.77 and a 52 week high of $161.10. The business has a 50-day simple moving average of $130.46 and a 200 day simple moving average of $129.65. The company has a quick ratio of 0.22, a current ratio of 1.31 and a debt-to-equity ratio of 0.47. The stock has a market cap of $26.52 billion, a price-to-earnings ratio of -26.34, a PEG ratio of 1.14 and a beta of 0.92.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Wednesday, March 13th. The company reported $2.55 earnings per share (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 the consensus estimate of $8.66 billion. During the same period last year, the firm earned $2.04 EPS. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. On average, research analysts forecast that Dollar Tree, Inc. will post 6.92 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. KeyCorp raised shares of Dollar Tree from a “sector weight” rating to an “overweight” rating and set a $150.00 price objective for the company in a report on Wednesday, May 1st. Jefferies Financial Group reduced their price target on Dollar Tree from $130.00 to $128.00 in a research report on Thursday, March 14th. Gordon Haskett cut Dollar Tree from a “buy” rating to a “hold” rating and reduced their price target for the company from $150.00 to $140.00 in a research report on Wednesday, April 3rd. Evercore ISI reduced their price target on Dollar Tree from $144.00 to $142.00 and set an “in-line” rating for the company in a research report on Tuesday, April 16th. Finally, Loop Capital reduced their price target on Dollar Tree from $195.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Dollar Tree currently has an average rating of “Moderate Buy” and a consensus price target of $150.05.

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.