Brown Advisory Inc. Sells 3,132 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Brown Advisory Inc. lowered its position in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 7.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 36,984 shares of the company's stock after selling 3,132 shares during the period. Brown Advisory Inc.'s holdings in Dollar Tree were worth $2,776,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its position in shares of Dollar Tree by 24.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 324,196 shares of the company's stock worth $24,337,000 after acquiring an additional 63,615 shares in the last quarter. IFM Investors Pty Ltd increased its position in Dollar Tree by 7.5% during the 1st quarter. IFM Investors Pty Ltd now owns 39,908 shares of the company's stock valued at $2,806,000 after buying an additional 2,799 shares in the last quarter. OneDigital Investment Advisors LLC increased its position in Dollar Tree by 53.8% during the 1st quarter. OneDigital Investment Advisors LLC now owns 4,238 shares of the company's stock valued at $318,000 after buying an additional 1,482 shares in the last quarter. Calamos Advisors LLC increased its position in Dollar Tree by 1.1% during the 1st quarter. Calamos Advisors LLC now owns 82,620 shares of the company's stock valued at $6,202,000 after buying an additional 920 shares in the last quarter. Finally, Capital Investment Counsel Inc increased its position in Dollar Tree by 26.8% during the 1st quarter. Capital Investment Counsel Inc now owns 4,820 shares of the company's stock valued at $362,000 after buying an additional 1,020 shares in the last quarter. Institutional investors own 97.40% of the company's stock.

Dollar Tree Stock Performance

NASDAQ DLTR traded up $0.99 on Friday, hitting $109.36. 3,136,265 shares of the company traded hands, compared to its average volume of 4,238,186. The company has a market capitalization of $22.82 billion, a price-to-earnings ratio of -7.89, a P/E/G ratio of 2.35 and a beta of 0.86. The company has a current ratio of 1.04, a quick ratio of 0.72 and a debt-to-equity ratio of 0.62. The business's 50 day moving average price is $94.33 and its 200-day moving average price is $80.43. Dollar Tree, Inc. has a 52-week low of $60.49 and a 52-week high of $109.74.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last released its earnings results on Wednesday, June 4th. The company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.05. The company had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.52 billion. Dollar Tree had a positive return on equity of 19.36% and a negative net margin of 12.15%. Dollar Tree's quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.43 earnings per share. Equities analysts expect that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Dollar Tree announced that its board has approved a share repurchase program on Wednesday, July 9th that permits the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization permits the company to repurchase up to 11.5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's management believes its shares are undervalued.

Analysts Set New Price Targets

A number of research firms recently weighed in on DLTR. The Goldman Sachs Group lowered Dollar Tree from a "strong-buy" rating to a "strong sell" rating in a research report on Thursday, June 5th. Guggenheim reaffirmed a "buy" rating and set a $100.00 price objective on shares of Dollar Tree in a research report on Thursday, June 5th. Evercore ISI raised their price objective on Dollar Tree from $92.00 to $94.00 and gave the company an "in-line" rating in a research report on Tuesday, June 24th. UBS Group raised their price objective on Dollar Tree from $95.00 to $108.00 and gave the company a "buy" rating in a research report on Thursday, May 29th. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and set a $95.00 price objective on shares of Dollar Tree in a research report on Wednesday, June 4th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $90.37.

Insider Transactions at Dollar Tree

In related news, CAO Aditya Maheshwari sold 1,238 shares of the business's stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $74.70, for a total value of $92,478.60. Following the sale, the chief accounting officer directly owned 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Richard L. Mcneely sold 21,026 shares of the business's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $94.62, for a total value of $1,989,480.12. Following the completion of the sale, the chief marketing officer owned 50,419 shares in the company, valued at $4,770,645.78. This represents a 29.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,439 shares of company stock worth $2,099,028 over the last quarter. 6.60% of the stock is owned by company insiders.

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.