Rafferty Asset Management LLC Sells 162,038 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Rafferty Asset Management LLC reduced its holdings in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 87.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,330 shares of the company's stock after selling 162,038 shares during the quarter. Rafferty Asset Management LLC's holdings in Dollar Tree were worth $1,748,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of DLTR. Assetmark Inc. boosted its holdings in shares of Dollar Tree by 74.1% in the 4th quarter. Assetmark Inc. now owns 350 shares of the company's stock worth $26,000 after acquiring an additional 149 shares in the last quarter. Bessemer Group Inc. lifted its holdings in Dollar Tree by 34,600.0% during the 4th quarter. Bessemer Group Inc. now owns 347 shares of the company's stock worth $26,000 after buying an additional 346 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in Dollar Tree by 120.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 424 shares of the company's stock worth $32,000 after buying an additional 232 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings 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 in the last quarter. Finally, Hurley Capital LLC acquired a new position in Dollar Tree during the 4th quarter worth $33,000. 97.40% of the stock is owned by institutional investors and hedge funds.

Dollar Tree Trading Down 2.0%

Shares of Dollar Tree stock traded down $1.80 on Friday, hitting $88.17. 2,462,439 shares of the company's stock traded hands, compared to its average volume of 4,083,172. The firm's 50-day moving average price is $77.72 and its two-hundred day moving average price is $73.26. The stock has a market capitalization of $18.96 billion, a PE ratio of -18.48, a price-to-earnings-growth ratio of 2.16 and a beta of 0.87. Dollar Tree, Inc. has a one year low of $60.49 and a one year high of $121.92. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its 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). The business had revenue of $5 billion for the quarter, compared to the consensus estimate of $8.23 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The business's revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.55 EPS. On average, research analysts expect that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Insider Activity at Dollar Tree

In other news, Director William W. Douglas III acquired 701 shares of the 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 transaction, the director now directly owns 1,377 shares in the company, valued at approximately $103,275. This represents a 103.70% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Aditya Maheshwari sold 1,238 shares of the company's stock in a transaction 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 completion of the sale, the chief accounting officer now owns 4,231 shares of the company's stock, valued at approximately $316,055.70. This represents a 22.64% decrease in their position. The disclosure for this sale can be found here. 6.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have issued reports on DLTR. Loop Capital reaffirmed a "hold" rating on shares of Dollar Tree in a report on Thursday, March 27th. Sanford C. Bernstein set a $82.00 price objective on Dollar Tree and gave the stock a "market perform" rating in a report on Monday, May 5th. UBS Group reduced their price objective on Dollar Tree from $105.00 to $95.00 and set a "buy" rating on the stock in a report on Friday, March 21st. Evercore ISI upped their price objective on Dollar Tree from $79.00 to $85.00 and gave the stock an "in-line" rating in a report on Thursday, March 27th. Finally, Wells Fargo & Company upped their price objective on Dollar Tree from $85.00 to $90.00 and gave the stock an "overweight" rating in a report on Tuesday, April 1st. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Dollar Tree currently has an average rating of "Hold" and an average price target of $82.68.

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.