Dollar Tree, Inc. (NASDAQ:DLTR) Stock Holdings Lowered by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc cut its position in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 33.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 128,395 shares of the company's stock after selling 64,407 shares during the quarter. Ensign Peak Advisors Inc owned about 0.06% of Dollar Tree worth $9,622,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Dollar Tree by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 23,450,228 shares of the company's stock valued at $1,757,360,000 after buying an additional 163,368 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its position in Dollar Tree by 5.7% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 9,920,748 shares of the company's stock valued at $743,461,000 after acquiring an additional 533,920 shares during the period. Capital International Investors raised its stake in Dollar Tree by 30.1% during the 4th quarter. Capital International Investors now owns 8,753,693 shares of the company's stock valued at $656,000,000 after acquiring an additional 2,023,819 shares in the last quarter. Kovitz Investment Group Partners LLC boosted its position in Dollar Tree by 382.7% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 6,524,870 shares of the company's stock worth $488,974,000 after acquiring an additional 5,173,238 shares during the period. Finally, Geode Capital Management LLC boosted its position in Dollar Tree by 4.5% during the 4th quarter. Geode Capital Management LLC now owns 5,109,852 shares of the company's stock worth $381,964,000 after acquiring an additional 222,352 shares during the period. 97.40% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on DLTR shares. Sanford C. Bernstein set a $82.00 price objective on shares of Dollar Tree and gave the stock a "market perform" rating in a report on Monday, May 5th. Truist Financial increased their price target on Dollar Tree from $84.00 to $89.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Telsey Advisory Group boosted their price objective on Dollar Tree from $75.00 to $82.00 and gave the stock a "market perform" rating in a research note on Thursday, March 27th. Guggenheim reissued a "buy" rating and issued a $100.00 price target (up from $95.00) on shares of Dollar Tree in a report on Monday, May 5th. Finally, UBS Group reduced their target price 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. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $82.68.

Dollar Tree Stock Up 4.1%

Shares of DLTR stock opened at $89.00 on Tuesday. The stock has a market cap of $19.14 billion, a P/E ratio of -18.66, a price-to-earnings-growth ratio of 2.16 and a beta of 0.87. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. The stock has a fifty day moving average price of $74.29 and a 200 day moving average price of $72.12. Dollar Tree, Inc. has a one year low of $60.49 and a one year 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 the consensus estimate of $2.20 by ($0.09). Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The business had revenue of $5 billion for the quarter, compared to analyst estimates of $8.23 billion. During the same quarter last year, the firm posted $2.55 earnings per share. Dollar Tree's revenue was up .7% on a year-over-year basis. Analysts predict that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Insider Buying and Selling at Dollar Tree

In other news, Director William W. Douglas III purchased 701 shares of Dollar Tree stock in a transaction on Wednesday, April 2nd. The shares were purchased at an average cost of $75.00 per share, for a total transaction of $52,575.00. Following the completion of the transaction, the director now directly owns 1,377 shares in the company, valued at approximately $103,275. This represents a 103.70% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Aditya Maheshwari sold 1,238 shares of the company's stock in a transaction dated 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 represents a 22.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 6.80% of the company's stock.

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.

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