London Co. of Virginia Reduces Stock Position in Dollar Tree, Inc. (NASDAQ:DLTR)

London Co. of Virginia cut its position in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 2.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,967,350 shares of the company's stock after selling 45,221 shares during the quarter. London Co. of Virginia owned 0.92% of Dollar Tree worth $147,433,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Assetmark Inc. raised its position in Dollar Tree by 74.1% during the fourth quarter. Assetmark Inc. now owns 350 shares of the company's stock valued at $26,000 after purchasing an additional 149 shares in the last quarter. Bessemer Group Inc. increased its stake in shares of Dollar Tree by 34,600.0% in 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. Parkside Financial Bank & Trust raised its holdings 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 in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings 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 in the last quarter. Finally, Hurley Capital LLC bought a new stake in shares of Dollar Tree during the 4th quarter worth $33,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Dollar Tree Trading Up 0.6%

Dollar Tree stock traded up $0.52 during trading hours on Thursday, reaching $86.58. 2,572,121 shares of the company's stock were exchanged, compared to its average volume of 4,058,545. The firm has a market capitalization of $18.62 billion, a PE ratio of -18.15, a PEG ratio of 2.16 and a beta of 0.87. 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 firm's 50 day simple moving average is $74.96 and its 200 day simple moving average is $72.31. Dollar Tree, Inc. has a twelve month low of $60.49 and a twelve month 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 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 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%. The company's revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.55 earnings per share. Research analysts predict that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Wall Street Analyst Weigh In

DLTR has been the subject of several research analyst reports. Evercore ISI boosted their target price on Dollar Tree from $79.00 to $85.00 and gave the stock an "in-line" rating in a research note on Thursday, March 27th. Loop Capital reaffirmed a "hold" rating on shares of Dollar Tree in a report on Thursday, March 27th. Wells Fargo & Company increased their price objective on shares of Dollar Tree from $85.00 to $90.00 and gave the company an "overweight" rating in a research note on Tuesday, April 1st. Guggenheim reaffirmed a "buy" rating and set a $100.00 target price (up previously from $95.00) on shares of Dollar Tree in a research note on Monday, May 5th. Finally, Bank of America dropped their price target on Dollar Tree from $75.00 to $70.00 and set an "underperform" rating for the company in a research note on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $82.68.

Insiders Place Their Bets

In other news, Director William W. Douglas III acquired 701 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The stock was purchased at an average price of $75.00 per share, for a total transaction of $52,575.00. Following the completion of the acquisition, the director now directly owns 1,377 shares in the company, valued at $103,275. The trade was a 103.70% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, 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 directly owns 4,231 shares in the company, valued at $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. Corporate insiders own 6.60% of the company's stock.

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.