Mn Services Vermogensbeheer B.V. Sells 3,800 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Mn Services Vermogensbeheer B.V. reduced its position in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 4.8% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 75,500 shares of the company's stock after selling 3,800 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Dollar Tree were worth $5,668,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DLTR. Kovitz Investment Group Partners LLC raised its stake in Dollar Tree by 382.7% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 6,524,870 shares of the company's stock valued at $488,974,000 after acquiring an additional 5,173,238 shares during the period. Marshall Wace LLP grew its holdings in Dollar Tree by 784.2% during the 4th quarter. Marshall Wace LLP now owns 4,377,366 shares of the company's stock valued at $328,040,000 after buying an additional 3,882,324 shares in the last quarter. Balyasny Asset Management L.P. grew its holdings in Dollar Tree by 2,489.9% during the 4th quarter. Balyasny Asset Management L.P. now owns 2,621,456 shares of the company's stock valued at $196,452,000 after buying an additional 2,520,237 shares in the last quarter. Norges Bank purchased a new position in Dollar Tree during the 4th quarter valued at about $171,149,000. Finally, Capital International Investors grew its holdings 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 buying an additional 2,023,819 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors.

Dollar Tree Stock Down 0.7%

Shares of DLTR opened at $98.35 on Wednesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.04 and a quick ratio of 0.72. Dollar Tree, Inc. has a 1 year low of $60.49 and a 1 year high of $109.36. The stock has a 50 day simple moving average of $85.94 and a two-hundred day simple moving average of $76.70. The firm has a market cap of $20.53 billion, a P/E ratio of -7.10, a P/E/G ratio of 2.75 and a beta of 0.84.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its quarterly earnings data 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. Dollar Tree had a positive return on equity of 19.36% and a negative net margin of 12.15%. The firm had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.52 billion. During the same quarter in the previous year, the company posted $1.43 earnings per share. The business's revenue was up 11.3% on a year-over-year basis. On average, analysts forecast that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Loop Capital reaffirmed a "hold" rating on shares of Dollar Tree in a report on Thursday, March 27th. The Goldman Sachs Group lowered Dollar Tree from a "strong-buy" rating to a "strong sell" rating in a report on Thursday, June 5th. Truist Financial lifted their target price on Dollar Tree from $89.00 to $100.00 and gave the company a "buy" rating in a report on Monday, June 2nd. Cfra Research raised Dollar Tree to a "hold" rating in a report on Wednesday, May 28th. Finally, Wells Fargo & Company set a $105.00 price objective on shares of Dollar Tree and gave the stock an "overweight" rating in a research report on Monday, June 2nd. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Dollar Tree has a consensus rating of "Hold" and an average target price of $90.26.

Insider Activity at Dollar Tree

In related news, CAO Aditya Maheshwari sold 1,238 shares of the company's stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $74.70, for a total transaction of $92,478.60. Following the completion of the transaction, the chief accounting officer now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Richard L. Mcneely sold 21,026 shares of the company's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $94.62, for a total value of $1,989,480.12. Following the transaction, the chief marketing officer now owns 50,419 shares of the company's stock, valued at approximately $4,770,645.78. This represents a 29.43% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,441 shares of company stock worth $2,095,333 over the last quarter. 6.60% of the stock is owned by corporate 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.

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