Dollar Tree, Inc. (NASDAQ:DLTR) Shares Sold by Captrust Financial Advisors

Captrust Financial Advisors trimmed its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 9.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,084 shares of the company’s stock after selling 634 shares during the period. Captrust Financial Advisors’ holdings in Dollar Tree were worth $456,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Kovitz Investment Group Partners LLC grew its position in Dollar Tree by 382.7% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 6,524,870 shares of the company’s stock valued at $488,974,000 after acquiring an additional 5,173,238 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of Dollar Tree by 784.2% in the fourth quarter. Marshall Wace LLP now owns 4,377,366 shares of the company’s stock valued at $328,040,000 after purchasing an additional 3,882,324 shares during the period. Balyasny Asset Management L.P. grew its holdings in Dollar Tree by 2,489.9% during the 4th quarter. Balyasny Asset Management L.P. now owns 2,621,456 shares of the company’s stock valued at $196,452,000 after purchasing an additional 2,520,237 shares in the last quarter. Norges Bank purchased a new stake in Dollar Tree during the 4th quarter worth $171,149,000. Finally, Capital International Investors increased its stake in Dollar Tree by 30.1% during the 4th quarter. Capital International Investors now owns 8,753,693 shares of the company’s stock worth $656,000,000 after buying an additional 2,023,819 shares during the period. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Dollar Tree

In related news, CAO Aditya Maheshwari sold 1,238 shares of Dollar Tree stock in a transaction dated Monday, April 14th. The shares were 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 $316,055.70. The trade was a 22.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William W. Douglas III acquired 701 shares of Dollar Tree stock in a transaction that occurred 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 acquisition, the director now directly owns 1,377 shares of the company’s stock, 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. 6.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on DLTR shares. UBS Group decreased their price objective on shares of Dollar Tree from $105.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, March 21st. Evercore ISI increased their price target on Dollar Tree from $79.00 to $85.00 and gave the company an “in-line” rating in a report on Thursday, March 27th. Loop Capital restated a “hold” rating on shares of Dollar Tree in a report on Thursday, March 27th. JPMorgan Chase & Co. cut their target price on Dollar Tree from $88.00 to $78.00 and set a “neutral” rating on the stock in a research report on Thursday, March 27th. Finally, Bank of America decreased their price target on shares of Dollar Tree from $75.00 to $70.00 and set an “underperform” rating for the company in a research report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $82.68.

Dollar Tree Stock Performance

Shares of DLTR stock opened at $86.61 on Tuesday. The company has a market cap of $18.63 billion, a P/E ratio of -18.16, a PEG ratio of 2.16 and a beta of 0.87. The business has a 50 day moving average of $76.26 and a two-hundred day moving average of $72.87. Dollar Tree, Inc. has a 52 week low of $60.49 and a 52 week high of $121.92. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share 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 during the quarter, compared to analyst estimates of $8.23 billion. During the same period in the prior year, the business earned $2.55 earnings per share. Dollar Tree’s quarterly revenue was up .7% on a year-over-year basis. As a group, analysts anticipate that Dollar Tree, Inc. will post 5.39 EPS for the current year.

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.