American Century Companies Inc. Sells 68,917 Shares of Dollar Tree, Inc. $DLTR

Key Points

• American Century Companies Inc. cut its stake in Dollar Tree by 8.4% in Q3, selling 68,917 shares and now holds 755,858 shares (about 0.37% of the company) worth roughly $71.33 million.
• Institutional ownership is very high at 97.40%, with other large moves including AllianceBernstein raising its position by 176.9% and new stakes from Norges Bank and Jupiter, while analysts show a mixed view with a consensus rating of Hold and an average target price of $124.62.

American Century Companies Inc. cut its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 8.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 755,858 shares of the company's stock after selling 68,917 shares during the quarter. American Century Companies Inc. owned approximately 0.37% of Dollar Tree worth $71,330,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Alliancebernstein L.P. raised its position in shares of Dollar Tree by 176.9% during the second quarter. Alliancebernstein L.P. now owns 3,746,222 shares of the company's stock worth $371,026,000 after acquiring an additional 2,393,172 shares during the last quarter. Norges Bank acquired a new stake in Dollar Tree during the 2nd quarter valued at approximately $185,784,000. Jupiter Asset Management Ltd. acquired a new stake in Dollar Tree during the 3rd quarter valued at approximately $118,811,000. Voya Investment Management LLC raised its holdings in Dollar Tree by 103.1% during the 3rd quarter. Voya Investment Management LLC now owns 2,406,748 shares of the company's stock worth $226,729,000 after purchasing an additional 1,222,028 shares during the last quarter. Finally, EdgePoint Investment Group Inc. raised its holdings in Dollar Tree by 12.3% during the 2nd quarter. EdgePoint Investment Group Inc. now owns 10,825,801 shares of the company's stock worth $1,072,187,000 after purchasing an additional 1,184,294 shares during the last quarter. Institutional investors own 97.40% of the company's stock.

Analyst Ratings Changes

DLTR has been the subject of several recent analyst reports. Bank of America increased their price objective on shares of Dollar Tree from $75.00 to $85.00 and gave the stock an "underperform" rating in a research report on Thursday, December 4th. Barclays boosted their target price on shares of Dollar Tree from $136.00 to $149.00 and gave the company an "overweight" rating in a report on Thursday, January 8th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $126.00 price target on shares of Dollar Tree in a report on Thursday, January 8th. UBS Group lifted their price objective on Dollar Tree from $135.00 to $138.00 and gave the stock a "buy" rating in a research report on Thursday, December 4th. Finally, Guggenheim boosted their price objective on Dollar Tree from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Thursday, December 4th. Eight research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and seven have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $124.62.

Insider Transactions at Dollar Tree

In other Dollar Tree news, insider Brent A. Beebe sold 2,200 shares of the business's stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $124.65, for a total transaction of $274,230.00. Following the completion of the sale, the insider directly owned 13,740 shares of the company's stock, valued at approximately $1,712,691. The trade was a 13.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 6.60% of the company's stock.

Dollar Tree Stock Performance

DLTR opened at $117.85 on Thursday. Dollar Tree, Inc. has a 1-year low of $61.80 and a 1-year high of $142.40. The company has a market cap of $23.43 billion, a price-to-earnings ratio of -8.76, a PEG ratio of 1.51 and a beta of 0.73. The company's fifty day moving average price is $127.33 and its two-hundred day moving average price is $112.74. The company has a current ratio of 0.96, a quick ratio of 0.22 and a debt-to-equity ratio of 0.70.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its quarterly earnings data on Wednesday, December 3rd. The company reported $1.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.09 by $0.12. Dollar Tree had a negative net margin of 15.40% and a positive return on equity of 30.23%. The firm had revenue of $4.75 billion during the quarter, compared to analysts' expectations of $4.70 billion. During the same period last year, the company earned $1.12 earnings per share. The business's revenue was up 9.4% on a year-over-year basis. On average, analysts expect that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Dollar Tree Company Profile

Dollar Tree, Inc is a North American discount retailer that operates a portfolio of value-oriented store banners, primarily Dollar Tree and Family Dollar. The company's stores offer a broad assortment of everyday items at low price points, including household essentials, food and snacks, health and beauty products, cleaning supplies, seasonal and party goods, home décor, and basic apparel. Dollar Tree's merchandising strategy emphasizes high-turnover branded and private-label merchandise tailored to budget-conscious consumers, with Family Dollar complementing the chain by offering a wider range of price points and assortment depth in smaller-format neighborhood locations.

Founded in 1986 and headquartered in Chesapeake, Virginia, Dollar Tree has grown through both organic store openings and acquisitions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.