Dollar Tree, Inc. (NASDAQ:DLTR) Shares Sold by Nissay Asset Management Corp Japan ADV

Nissay Asset Management Corp Japan ADV lowered its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 42.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,976 shares of the company's stock after selling 18,838 shares during the quarter. Nissay Asset Management Corp Japan ADV's holdings in Dollar Tree were worth $1,974,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Bessemer Group Inc. grew its holdings in shares of Dollar Tree by 34,600.0% during the fourth quarter. Bessemer Group Inc. now owns 347 shares of the company's stock worth $26,000 after purchasing an additional 346 shares in the last quarter. Assetmark Inc. increased its position in shares of Dollar Tree by 74.1% during the 4th quarter. Assetmark Inc. now owns 350 shares of the company's stock valued at $26,000 after purchasing an additional 149 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in shares of Dollar Tree by 120.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 424 shares of the company's stock valued at $32,000 after buying an additional 232 shares during the period. MassMutual Private Wealth & Trust FSB grew its stake in 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 during the last quarter. Finally, Hurley Capital LLC purchased a new position in Dollar Tree during the fourth quarter valued at approximately $33,000. Institutional investors own 97.40% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on DLTR. Bank of America dropped their target price on shares of Dollar Tree from $75.00 to $70.00 and set an "underperform" rating for the company in a report on Tuesday, April 8th. Sanford C. Bernstein set a $82.00 price target on shares of Dollar Tree and gave the company a "market perform" rating in a report on Monday, May 5th. Truist Financial increased their price target on shares of Dollar Tree from $84.00 to $89.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. JPMorgan Chase & Co. lowered their price target on shares of Dollar Tree from $88.00 to $78.00 and set a "neutral" rating for the company in a report on Thursday, March 27th. Finally, Guggenheim reissued a "buy" rating and issued a $100.00 target price (up previously from $95.00) on shares of Dollar Tree in a report on Monday, May 5th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $82.68.

Insider Activity at Dollar Tree

In other Dollar Tree news, CAO Aditya Maheshwari sold 1,238 shares of Dollar Tree 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 approximately $316,055.70. This trade represents a 22.64% decrease in their position. The sale 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 stock in a transaction that occurred on 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 acquisition, the director now owns 1,377 shares in the company, 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. 6.60% of the stock is currently owned by corporate insiders.

Dollar Tree Price Performance

Shares of DLTR traded up $4.01 during trading hours on Tuesday, hitting $90.62. 3,963,534 shares of the company were exchanged, compared to its average volume of 4,078,530. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week high of $121.92. The firm's fifty day moving average is $76.26 and its 200 day moving average is $72.87. 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 company has a market cap of $19.49 billion, a price-to-earnings ratio of -19.00, a P/E/G ratio of 2.16 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last posted its quarterly 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). The firm had revenue of $5 billion for 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 firm's revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.55 EPS. On average, equities analysts anticipate that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal 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.