Dollar Tree, Inc. (NASDAQ:DLTR) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 2.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,520 shares of the company’s stock after selling 702 shares during the period. Mutual of America Capital Management LLC’s holdings in Dollar Tree were worth $1,766,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DLTR. Private Trust Co. NA grew its holdings in Dollar Tree by 11.6% in the first quarter. Private Trust Co. NA now owns 1,527 shares of the company’s stock valued at $115,000 after purchasing an additional 159 shares during the last quarter. Amalgamated Bank grew its holdings in Dollar Tree by 0.7% in the first quarter. Amalgamated Bank now owns 39,283 shares of the company’s stock valued at $2,949,000 after purchasing an additional 265 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in Dollar Tree by 6.7% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 4,656 shares of the company’s stock valued at $349,000 after purchasing an additional 292 shares during the last quarter. Wahed Invest LLC grew its holdings in Dollar Tree by 6.1% in the fourth quarter. Wahed Invest LLC now owns 5,205 shares of the company’s stock valued at $390,000 after purchasing an additional 297 shares during the last quarter. Finally, Kera Capital Partners Inc. grew its holdings in Dollar Tree by 10.5% in the first quarter. Kera Capital Partners Inc. now owns 3,352 shares of the company’s stock valued at $252,000 after purchasing an additional 318 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Dollar Tree Stock Performance

Dollar Tree stock opened at $110.12 on Monday. The stock’s 50-day moving average is $96.67 and its 200-day moving average is $81.59. The company has a market cap of $22.98 billion, a price-to-earnings ratio of -7.95, a price-to-earnings-growth ratio of 2.36 and a beta of 0.86. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.04 and a quick ratio of 0.72. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $111.03.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Wednesday, June 4th. The company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.05. The company had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.52 billion. Dollar Tree had a positive return on equity of 19.36% and a negative net margin of 12.15%. The company’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period last year, the business posted $1.43 EPS. Equities analysts anticipate that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Dollar Tree announced that its board has initiated a share repurchase plan on Wednesday, July 9th that authorizes the company to repurchase $2.50 billion in shares. This repurchase authorization authorizes the company to buy up to 11.5% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Insider Activity

In other news, CMO Richard L. Mcneely sold 21,026 shares of the stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $94.62, for a total value of $1,989,480.12. Following the completion of the sale, the chief marketing officer owned 50,419 shares in the company, valued at approximately $4,770,645.78. This trade represents a 29.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 6.60% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on DLTR shares. Cfra Research raised Dollar Tree to a “hold” rating in a report on Wednesday, May 28th. Sanford C. Bernstein set a $82.00 price objective on Dollar Tree and gave the company a “market perform” rating in a research note on Monday, May 5th. Citigroup raised Dollar Tree from a “neutral” rating to a “buy” rating and increased their price objective for the company from $76.00 to $103.00 in a research note on Monday, April 7th. Guggenheim reaffirmed a “buy” rating and set a $100.00 price objective on shares of Dollar Tree in a research note on Thursday, June 5th. Finally, Jefferies Financial Group assumed coverage on Dollar Tree in a research note on Thursday. They set a “hold” rating and a $106.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $92.00.

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.