Price T Rowe Associates Inc. MD Sells 1,724,953 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Price T Rowe Associates Inc. MD lessened its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 33.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,447,610 shares of the company’s stock after selling 1,724,953 shares during the period. Price T Rowe Associates Inc. MD’s holdings in Dollar Tree were worth $258,365,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in Dollar Tree by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 23,450,228 shares of the company’s stock worth $1,757,360,000 after acquiring an additional 163,368 shares during the period. Capital International Investors increased its stake in shares of Dollar Tree by 30.1% in the 4th quarter. Capital International Investors now owns 8,753,693 shares of the company’s stock worth $656,000,000 after purchasing an additional 2,023,819 shares in the last quarter. Geode Capital Management LLC raised its holdings in Dollar Tree by 4.5% in the 4th quarter. Geode Capital Management LLC now owns 5,109,852 shares of the company’s stock worth $381,964,000 after purchasing an additional 222,352 shares during the period. Marshall Wace LLP lifted its position in Dollar Tree by 784.2% during 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 in the last quarter. Finally, Primecap Management Co. CA grew its holdings in Dollar Tree by 31.3% during the fourth quarter. Primecap Management Co. CA now owns 3,978,425 shares of the company’s stock valued at $298,143,000 after purchasing an additional 947,580 shares during the period. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Insider Transactions at Dollar Tree

In related news, CAO Aditya Maheshwari sold 1,238 shares of the firm’s stock in a transaction on Monday, April 14th. The stock was 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 in the company, valued at $316,055.70. This trade represents a 22.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William W. Douglas III acquired 701 shares of the business’s stock in a transaction on Wednesday, April 2nd. The shares were purchased at an average price of $75.00 per share, for a total transaction of $52,575.00. Following the transaction, the director now directly owns 1,377 shares of the company’s stock, valued at approximately $103,275. The trade was a 103.70 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 6.80% of the company’s stock.

Wall Street Analyst Weigh In

DLTR has been the topic of several recent research reports. Truist Financial set a $84.00 price objective on Dollar Tree in a research note on Thursday, March 27th. Guggenheim lowered their price target on shares of Dollar Tree from $100.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, March 28th. Evercore ISI increased their price objective on shares of Dollar Tree from $79.00 to $85.00 and gave the stock an “in-line” rating in a research note on Thursday, March 27th. Citigroup upgraded shares of Dollar Tree from a “neutral” rating to a “buy” rating and lifted their target price for the company from $76.00 to $103.00 in a research note on Monday, April 7th. Finally, Telsey Advisory Group increased their price target on Dollar Tree from $75.00 to $82.00 and gave the stock a “market perform” rating in a research note on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $81.84.

Dollar Tree Trading Down 0.8 %

Shares of DLTR opened at $80.57 on Friday. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week high of $123.17. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. The company’s fifty day moving average is $71.96 and its 200 day moving average is $70.85. The stock has a market capitalization of $17.33 billion, a PE ratio of -16.89, a P/E/G ratio of 2.16 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.20 by ($0.09). The business had revenue of $5 billion for the quarter, compared to analysts’ expectations of $8.23 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The firm’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.55 earnings per share. Sell-side analysts expect that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal 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.