Guggenheim Capital LLC Trims Stock Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Guggenheim Capital LLC lessened its holdings in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 83.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,066 shares of the company's stock after selling 45,714 shares during the period. Guggenheim Capital LLC's holdings in Dollar Tree were worth $679,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Bessemer Group Inc. grew its holdings 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 valued at $26,000 after purchasing an additional 346 shares during the last quarter. Assetmark Inc. boosted its position in Dollar Tree by 74.1% in the fourth quarter. Assetmark Inc. now owns 350 shares of the company's stock valued at $26,000 after buying an additional 149 shares in the last quarter. Versant Capital Management Inc bought a new stake in shares of Dollar Tree during the fourth quarter worth $30,000. Parkside Financial Bank & Trust increased 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 worth $32,000 after buying an additional 232 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted 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 acquiring an additional 210 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on DLTR shares. UBS Group reduced their price objective on Dollar Tree from $105.00 to $95.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. Wells Fargo & Company boosted their price objective on shares of Dollar Tree from $85.00 to $90.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 1st. Loop Capital reiterated a "hold" rating on shares of Dollar Tree in a report 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 for the company in a report on Friday, March 28th. Finally, JPMorgan Chase & Co. cut their target price on shares of Dollar Tree from $88.00 to $78.00 and set a "neutral" rating on the stock in a research note on Thursday, March 27th. One 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 data from MarketBeat.com, Dollar Tree has an average rating of "Hold" and an average target price of $81.84.

Insider Transactions at Dollar Tree

In related news, CAO Aditya Maheshwari sold 1,238 shares of the company's 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 transaction, the chief accounting officer now owns 4,231 shares in the company, valued at approximately $316,055.70. This represents a 22.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director William W. Douglas III bought 701 shares of the firm's stock in a transaction on Wednesday, April 2nd. The stock was purchased at an average cost 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 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.

Dollar Tree Stock Up 1.1 %

Shares of DLTR traded up $0.88 during trading hours on Wednesday, reaching $81.77. 3,435,531 shares of the stock traded hands, compared to its average volume of 3,995,530. Dollar Tree, Inc. has a 52 week low of $60.49 and a 52 week high of $123.17. The company has a market cap of $17.59 billion, a price-to-earnings ratio of -17.14, a PEG ratio of 2.16 and a beta of 0.87. The stock has a fifty day simple moving average of $72.28 and a 200 day simple moving average of $71.09. 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 (NASDAQ:DLTR - Get Free Report) last posted its earnings results on Wednesday, March 26th. The company reported $2.11 EPS for the quarter, missing the consensus estimate of $2.20 by ($0.09). The firm had revenue of $5 billion for the quarter, compared to the consensus estimate of $8.23 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. Dollar Tree's quarterly revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the business earned $2.55 EPS. On average, equities analysts forecast that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Dollar Tree Company 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.