Burgundy Asset Management Ltd. Cuts Stock Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Burgundy Asset Management Ltd. trimmed its position in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 9.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,728,618 shares of the company's stock after selling 189,828 shares during the period. Burgundy Asset Management Ltd. owned 0.80% of Dollar Tree worth $129,543,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Empower Advisory Group LLC increased its position in shares of Dollar Tree by 15.3% in the 4th quarter. Empower Advisory Group LLC now owns 760,423 shares of the company's stock valued at $56,986,000 after acquiring an additional 100,676 shares during the period. Pzena Investment Management LLC acquired a new position in shares of Dollar Tree in the 4th quarter valued at $520,000. Strategic Wealth Investment Group LLC acquired a new position in shares of Dollar Tree in the 4th quarter valued at $448,000. Intrepid Capital Management Inc. increased its position in shares of Dollar Tree by 103.6% in the 4th quarter. Intrepid Capital Management Inc. now owns 27,026 shares of the company's stock valued at $2,025,000 after acquiring an additional 13,751 shares during the period. Finally, Alberta Investment Management Corp increased its position in shares of Dollar Tree by 253.2% in the 4th quarter. Alberta Investment Management Corp now owns 93,600 shares of the company's stock valued at $7,014,000 after acquiring an additional 67,100 shares during the period. 97.40% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DLTR has been the topic of several analyst reports. Wells Fargo & Company increased their price target on Dollar Tree from $85.00 to $90.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 1st. Sanford C. Bernstein set a $82.00 price target on Dollar Tree and gave the stock a "market perform" rating in a research report on Monday, May 5th. Bank of America cut their price target on Dollar Tree from $75.00 to $70.00 and set an "underperform" rating on the stock in a research report on Tuesday, April 8th. Truist Financial increased their price target on Dollar Tree from $84.00 to $89.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Finally, Evercore ISI increased their price target on Dollar Tree from $79.00 to $85.00 and gave the stock an "in-line" rating in a research report on Thursday, March 27th. 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 stock. According to MarketBeat.com, Dollar Tree presently has a consensus rating of "Hold" and an average price target of $83.37.

Insider Transactions at Dollar Tree

In other Dollar Tree news, CAO Aditya Maheshwari sold 1,238 shares of Dollar Tree stock in a transaction on Monday, April 14th. The shares were 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 approximately $316,055.70. The trade was a 22.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director William W. Douglas III purchased 701 shares of the company's stock in a transaction dated Wednesday, April 2nd. The shares were purchased at an average price of $75.00 per share, for a total transaction of $52,575.00. Following the completion of the purchase, the director now owns 1,377 shares of the company's stock, valued at approximately $103,275. This trade represents a 103.70% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 6.60% of the company's stock.

Dollar Tree Price Performance

DLTR stock traded up $2.19 during mid-day trading on Tuesday, reaching $90.36. The company's stock had a trading volume of 3,034,347 shares, compared to its average volume of 4,089,005. The company's 50 day moving average is $78.66 and its two-hundred day moving average is $73.74. The stock has a market cap of $19.43 billion, a PE ratio of -18.94, 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 fifty-two week low of $60.49 and a fifty-two week high of $121.92.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last posted 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 company had revenue of $5 billion during the quarter, compared to analyst estimates of $8.23 billion. During the same quarter last year, the business posted $2.55 EPS. The firm's revenue for the quarter was up .7% on a year-over-year basis. Equities research analysts expect 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.