Dimensional Fund Advisors LP Reduces Stock Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Dimensional Fund Advisors LP reduced its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 3.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,628,110 shares of the company's stock after selling 96,673 shares during the period. Dimensional Fund Advisors LP owned 1.22% of Dollar Tree worth $196,950,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in DLTR. Assetmark Inc. raised its stake in Dollar Tree by 74.1% in the 4th quarter. Assetmark Inc. now owns 350 shares of the company's stock valued at $26,000 after purchasing an additional 149 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of 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 buying an additional 346 shares in the last quarter. Versant Capital Management Inc acquired a new stake in shares of Dollar Tree in the fourth quarter valued at about $30,000. Parkside Financial Bank & Trust lifted its stake in shares of Dollar Tree by 120.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 424 shares of the company's stock worth $32,000 after buying an additional 232 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its position in Dollar Tree by 91.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company's stock worth $33,000 after acquiring an additional 210 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company's stock.

Dollar Tree Trading Up 0.2 %

Dollar Tree stock traded up $0.18 during midday trading on Monday, reaching $80.75. 828,040 shares of the stock traded hands, compared to its average volume of 3,993,427. 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 firm has a market cap of $17.37 billion, a PE ratio of -16.94, a price-to-earnings-growth ratio of 2.16 and a beta of 0.87. The company has a 50-day simple moving average of $71.96 and a two-hundred day simple moving average of $70.87. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $123.17.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its quarterly earnings data 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 business 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 company's revenue for the quarter was up .7% on a year-over-year basis. During the same quarter last year, the firm posted $2.55 EPS. Research analysts expect that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Insider Transactions at Dollar Tree

In related news, CAO Aditya Maheshwari sold 1,238 shares of the business'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 completion of the transaction, the chief accounting officer now directly owns 4,231 shares of the company's stock, valued at $316,055.70. The trade was a 22.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director William W. Douglas III purchased 701 shares of Dollar Tree stock in a transaction on Wednesday, April 2nd. The stock was bought at an average cost of $75.00 per share, for a total transaction of $52,575.00. Following the transaction, the director now directly owns 1,377 shares in the company, valued at $103,275. This represents a 103.70 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 6.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on DLTR. Loop Capital reiterated a "hold" rating on shares of Dollar Tree in a report on Thursday, March 27th. JPMorgan Chase & Co. reduced their price objective 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. Truist Financial set a $84.00 target price on Dollar Tree in a report on Thursday, March 27th. Telsey Advisory Group lifted their price target on Dollar Tree from $75.00 to $82.00 and gave the stock a "market perform" rating in a report on Thursday, March 27th. Finally, Citigroup raised shares of Dollar Tree from a "neutral" rating to a "buy" rating and boosted their price target for the company from $76.00 to $103.00 in a research report on Monday, April 7th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $81.84.

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.