Dollar Tree, Inc. (NASDAQ:DLTR) Shares Bought by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC increased its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 18.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,172 shares of the company's stock after purchasing an additional 7,397 shares during the period. Nisa Investment Advisors LLC's holdings in Dollar Tree were worth $3,541,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Dollar Tree by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 23,450,228 shares of the company's stock worth $1,757,360,000 after acquiring an additional 163,368 shares during the period. T. Rowe Price Investment Management Inc. lifted its stake in shares of Dollar Tree by 5.7% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 9,920,748 shares of the company's stock worth $743,461,000 after acquiring an additional 533,920 shares during the period. Capital International Investors lifted its stake in shares of Dollar Tree by 30.1% in the 4th quarter. Capital International Investors now owns 8,753,693 shares of the company's stock worth $656,000,000 after acquiring an additional 2,023,819 shares during the period. EdgePoint Investment Group Inc. lifted its stake in shares of Dollar Tree by 14.4% in the 4th quarter. EdgePoint Investment Group Inc. now owns 7,940,163 shares of the company's stock worth $595,036,000 after acquiring an additional 1,000,637 shares during the period. Finally, Kovitz Investment Group Partners LLC increased its holdings in shares of 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 purchasing an additional 5,173,238 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company's stock.

Insider Buying and Selling

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 shares were sold at an average price of $74.70, for a total transaction of $92,478.60. Following the transaction, the chief accounting officer directly owned 4,231 shares of the company's stock, valued at $316,055.70. The trade was a 22.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CMO Richard L. Mcneely sold 21,026 shares of the business's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $94.62, for a total transaction of $1,989,480.12. Following the transaction, the chief marketing officer directly owned 50,419 shares in the company, valued at approximately $4,770,645.78. The trade was a 29.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,439 shares of company stock worth $2,099,028. 6.60% of the stock is currently owned by corporate insiders.

Dollar Tree Trading Up 0.9%

Shares of NASDAQ DLTR traded up $0.99 during midday trading on Friday, reaching $109.36. 3,136,265 shares of the stock were exchanged, compared to its average volume of 4,238,186. The company has a market capitalization of $22.82 billion, a P/E ratio of -7.89, a P/E/G ratio of 2.35 and a beta of 0.86. Dollar Tree, Inc. has a 52-week low of $60.49 and a 52-week high of $109.74. 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 stock has a 50 day moving average price of $94.33 and a 200-day moving average price of $80.43.

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

Dollar Tree declared that its board has approved a share buyback plan on Wednesday, July 9th that authorizes the company to buyback $2.50 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 11.5% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

DLTR has been the subject of a number of research analyst reports. Bank of America cut their price target 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. Morgan Stanley increased their price target on shares of Dollar Tree from $80.00 to $96.00 and gave the company an "equal weight" rating in a report on Thursday, June 5th. UBS Group increased their price target on shares of Dollar Tree from $95.00 to $108.00 and gave the company a "buy" rating in a report on Thursday, May 29th. Sanford C. Bernstein set a $82.00 target price on shares of Dollar Tree and gave the company a "market perform" rating in a report on Monday, May 5th. Finally, JPMorgan Chase & Co. upgraded shares of Dollar Tree from a "neutral" rating to an "overweight" rating and raised their target price for the company from $72.00 to $111.00 in a report on Thursday, June 5th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $90.37.

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.