ProShare Advisors LLC Has $2.17 Million Stake in Dollar Tree, Inc. (NASDAQ:DLTR)

ProShare Advisors LLC lowered its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 87.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 28,945 shares of the company's stock after selling 198,490 shares during the period. ProShare Advisors LLC's holdings in Dollar Tree were worth $2,169,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Dollar Tree by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 23,450,228 shares of the company's stock valued at $1,757,360,000 after buying an additional 163,368 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its position in shares of Dollar Tree by 5.7% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 9,920,748 shares of the company's stock valued at $743,461,000 after buying an additional 533,920 shares during the last quarter. Capital International Investors raised its position in shares of Dollar Tree by 30.1% during the fourth 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 during the last quarter. EdgePoint Investment Group Inc. raised its position in shares of Dollar Tree by 14.4% during the fourth quarter. EdgePoint Investment Group Inc. now owns 7,940,163 shares of the company's stock valued at $595,036,000 after buying an additional 1,000,637 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC raised its position in shares of Dollar Tree by 382.7% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 6,524,870 shares of the company's stock valued at $488,974,000 after buying an additional 5,173,238 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company's stock.

Insider Activity

In related news, CAO Aditya Maheshwari sold 1,238 shares of the stock in a transaction that occurred 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 $316,055.70. This represents a 22.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director William W. Douglas III acquired 701 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The stock was acquired at an average price of $75.00 per share, for a total transaction of $52,575.00. Following the completion of the acquisition, the director now directly owns 1,377 shares of the company's stock, valued at $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 owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Truist Financial upped their price objective on shares of Dollar Tree from $84.00 to $89.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Sanford C. Bernstein set a $82.00 target price on shares of Dollar Tree and gave the company a "market perform" rating in a research note on Monday, May 5th. UBS Group lowered their target price on shares of Dollar Tree from $105.00 to $95.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. Guggenheim reissued a "buy" rating and issued a $100.00 target price (up previously from $95.00) on shares of Dollar Tree in a research note on Monday, May 5th. Finally, Bank of America lowered their target price on shares of Dollar Tree from $75.00 to $70.00 and set an "underperform" rating on the stock in a research note on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, Dollar Tree has an average rating of "Hold" and an average price target of $82.68.

Dollar Tree Price Performance

Shares of Dollar Tree stock opened at $90.62 on Wednesday. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32. The stock has a market capitalization 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, Inc. has a 1-year low of $60.49 and a 1-year high of $121.92. The firm's 50-day moving average price is $76.75 and its two-hundred day moving average price is $72.99.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last released its quarterly earnings results on Wednesday, March 26th. The company reported $2.11 EPS 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 for the quarter, compared to the consensus estimate of $8.23 billion. During the same period last year, the company earned $2.55 earnings per share. Dollar Tree's revenue for the quarter was up .7% compared to the same quarter last year. On average, equities analysts predict that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

About Dollar Tree

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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