Axa S.A. Has $1.20 Million Stock Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Axa S.A. cut its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 28.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 15,947 shares of the company’s stock after selling 6,491 shares during the period. Axa S.A.’s holdings in Dollar Tree were worth $1,195,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. Assetmark Inc. raised its holdings in shares of Dollar Tree by 74.1% in the 4th quarter. Assetmark Inc. now owns 350 shares of the company’s stock worth $26,000 after buying an additional 149 shares in the last quarter. Bessemer Group Inc. raised its stake in Dollar Tree by 34,600.0% during the fourth quarter. Bessemer Group Inc. now owns 347 shares of the company’s stock worth $26,000 after acquiring an additional 346 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of Dollar Tree by 120.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 424 shares of the company’s stock valued at $32,000 after acquiring an additional 232 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Dollar Tree by 91.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock valued at $33,000 after purchasing an additional 210 shares in the last quarter. Finally, Hurley Capital LLC acquired a new stake in shares of Dollar Tree during the 4th quarter worth about $33,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Dollar Tree

In other Dollar Tree news, Director William W. Douglas III acquired 701 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The shares were acquired at an average price of $75.00 per share, for a total transaction 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 position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Aditya Maheshwari sold 1,238 shares of the stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 4,231 shares of the company’s stock, valued at approximately $316,055.70. The trade was a 22.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 6.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on DLTR shares. Loop Capital restated a “hold” rating on shares of Dollar Tree in a research report on Thursday, March 27th. Sanford C. Bernstein set a $82.00 price target on Dollar Tree and gave the company a “market perform” rating in a report on Monday. Guggenheim reiterated a “buy” rating and issued a $100.00 price objective (up previously from $95.00) on shares of Dollar Tree in a research report on Monday. Wells Fargo & Company increased their target price on Dollar Tree from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Tuesday, April 1st. Finally, Citigroup raised shares of Dollar Tree from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $76.00 to $103.00 in a report on Monday, April 7th. One 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 company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $82.68.

Dollar Tree Trading Up 0.2 %

NASDAQ DLTR opened at $85.51 on Friday. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $123.17. The stock has a 50-day simple moving average of $73.91 and a 200 day simple moving average of $71.89. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $18.39 billion, a PE ratio of -17.93, a P/E/G ratio of 2.16 and a beta of 0.87.

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