Ameriprise Financial Inc. Has $40.16 Million Stake in Dollar Tree, Inc. (NASDAQ:DLTR)

Ameriprise Financial Inc. decreased its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 13.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 535,927 shares of the company's stock after selling 86,475 shares during the quarter. Ameriprise Financial Inc. owned about 0.25% of Dollar Tree worth $40,163,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Bessemer Group Inc. grew its position in shares of Dollar Tree by 34,600.0% during the 4th quarter. Bessemer Group Inc. now owns 347 shares of the company's stock worth $26,000 after buying an additional 346 shares during the period. Assetmark Inc. grew its position in shares of Dollar Tree by 74.1% during the 4th quarter. Assetmark Inc. now owns 350 shares of the company's stock worth $26,000 after buying an additional 149 shares during the period. Parkside Financial Bank & Trust grew its position in shares of Dollar Tree by 120.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 424 shares of the company's stock worth $32,000 after buying an additional 232 shares during the period. MassMutual Private Wealth & Trust FSB grew its position in shares of Dollar Tree by 91.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company's stock worth $33,000 after buying an additional 210 shares during the period. Finally, Hurley Capital LLC acquired a new stake in shares of Dollar Tree during the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 97.40% of the company's stock.

Dollar Tree Stock Up 0.2%

Dollar Tree stock opened at $85.51 on Monday. The stock has a market capitalization of $18.39 billion, a PE ratio of -17.93, a price-to-earnings-growth ratio of 2.16 and a beta of 0.87. Dollar Tree, Inc. has a twelve month low of $60.49 and a twelve month high of $123.17. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. The company has a 50 day moving average of $73.91 and a 200-day moving average of $71.97.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last released its quarterly 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). The company 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 firm's quarterly revenue was up .7% compared to the same quarter last year. During the same quarter last year, the company earned $2.55 EPS. On average, equities research analysts anticipate that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

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, with a total value of $52,575.00. Following the completion of the transaction, the director now directly owns 1,377 shares in the company, valued at $103,275. This trade represents a 103.70% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Aditya Maheshwari sold 1,238 shares of the company's stock in a transaction on Monday, April 14th. The stock was 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. This trade represents a 22.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on DLTR shares. Truist Financial lifted their price target on shares of Dollar Tree from $84.00 to $89.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. 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 report on Friday, March 21st. Bank of America decreased their price objective on shares of Dollar Tree from $75.00 to $70.00 and set an "underperform" rating for the company in a report on Tuesday, April 8th. JPMorgan Chase & Co. decreased their price objective on shares of Dollar Tree from $88.00 to $78.00 and set a "neutral" rating for the company in a report on Thursday, March 27th. Finally, Loop Capital restated a "hold" rating on shares of Dollar Tree in a report on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $82.68.

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.

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