Fiduciary Management Inc. WI Decreases Stock Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Fiduciary Management Inc. WI reduced its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 5.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,444,833 shares of the company's stock after selling 82,914 shares during the quarter. Fiduciary Management Inc. WI owned 0.67% of Dollar Tree worth $108,276,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. boosted 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 purchasing an additional 163,368 shares during the last quarter. Capital International Investors increased its stake in 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 buying an additional 2,023,819 shares in the last quarter. Geode Capital Management LLC raised its holdings in Dollar Tree by 4.5% during the fourth quarter. Geode Capital Management LLC now owns 5,109,852 shares of the company's stock valued at $381,964,000 after acquiring an additional 222,352 shares during the period. Marshall Wace LLP lifted its position in shares of Dollar Tree by 784.2% in the fourth quarter. Marshall Wace LLP now owns 4,377,366 shares of the company's stock valued at $328,040,000 after acquiring an additional 3,882,324 shares in the last quarter. Finally, Primecap Management Co. CA grew its position in shares of Dollar Tree by 31.3% during the fourth quarter. Primecap Management Co. CA now owns 3,978,425 shares of the company's stock worth $298,143,000 after purchasing an additional 947,580 shares in the last quarter. Institutional investors own 97.40% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on DLTR shares. Evercore ISI lifted their price objective on shares of Dollar Tree from $79.00 to $85.00 and gave the company an "in-line" rating in a research report on Thursday, March 27th. Truist Financial set a $84.00 price objective on shares of Dollar Tree in a report on Thursday, March 27th. Guggenheim reduced their target price on Dollar Tree from $100.00 to $95.00 and set a "buy" rating on the stock in a report on Friday, March 28th. Loop Capital reissued a "hold" rating on shares of Dollar Tree in a research note on Thursday, March 27th. Finally, Citigroup raised Dollar Tree from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $76.00 to $103.00 in a research note on Monday, April 7th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $81.84.

Dollar Tree Trading Down 2.7 %

Shares of DLTR stock traded down $2.23 on Thursday, reaching $81.20. 2,284,282 shares of the company's stock were exchanged, compared to its average volume of 3,972,890. The company's fifty day simple moving average is $71.65 and its 200 day simple moving average is $70.70. The stock has a market capitalization of $17.46 billion, a PE ratio of -17.01, a P/E/G ratio of 2.16 and a beta of 0.87. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32. Dollar Tree, Inc. has a 52 week low of $60.49 and a 52 week high of $123.17.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.20 by ($0.09). The company 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 revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.55 earnings per share. As a group, analysts forecast that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Insider Activity at Dollar Tree

In other Dollar Tree news, CAO Aditya Maheshwari sold 1,238 shares of the firm's stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $74.70, for a total transaction of $92,478.60. Following the transaction, the chief accounting officer now owns 4,231 shares of the company's stock, valued at approximately $316,055.70. This trade represents a 22.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director William W. Douglas III purchased 701 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was acquired at an average cost of $75.00 per share, with a total value of $52,575.00. Following the transaction, the director now directly owns 1,377 shares in the company, valued at approximately $103,275. This trade represents a 103.70 % increase in their position. The disclosure for this purchase can be found here. 6.80% of the stock is owned by company insiders.

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.