SG Americas Securities LLC Sells 66,646 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

SG Americas Securities LLC reduced its holdings in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 79.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,911 shares of the company's stock after selling 66,646 shares during the period. SG Americas Securities LLC's holdings in Dollar Tree were worth $1,270,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. increased its position in Dollar Tree by 0.7% during the fourth 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. increased its holdings in shares of Dollar Tree by 5.7% during 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 purchasing an additional 533,920 shares during the period. Capital International Investors increased its holdings in shares of Dollar Tree by 30.1% during the 4th quarter. Capital International Investors now owns 8,753,693 shares of the company's stock worth $656,000,000 after purchasing an additional 2,023,819 shares during the period. 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 lifted its stake in shares of Dollar Tree by 382.7% in 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 period. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Dollar Tree Price Performance

DLTR traded up $1.63 during trading on Friday, hitting $99.16. The company's stock had a trading volume of 2,202,537 shares, compared to its average volume of 4,428,614. The firm's 50 day moving average price is $86.95 and its two-hundred day moving average price is $77.01. The company has a quick ratio of 0.72, a current ratio of 1.04 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $20.69 billion, a price-to-earnings ratio of -7.14, a price-to-earnings-growth ratio of 2.71 and a beta of 0.84. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $109.36.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its quarterly earnings data on Wednesday, June 4th. The company reported $1.26 EPS for the quarter, topping analysts' consensus estimates 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 firm had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.52 billion. During the same quarter in the prior year, the firm earned $1.43 EPS. The company's revenue was up 11.3% on a year-over-year basis. Sell-side analysts forecast that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Dollar Tree news, CAO Aditya Maheshwari sold 1,238 shares of Dollar Tree 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. The trade was a 22.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William W. Douglas III purchased 701 shares of the business's stock in a transaction dated Wednesday, April 2nd. The stock was bought at an average cost of $75.00 per share, for a total transaction of $52,575.00. Following the purchase, the director now owns 1,377 shares in the company, 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. In the last quarter, insiders have sold 22,441 shares of company stock valued at $2,095,333. 6.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

DLTR has been the topic of several research reports. Bank of America lowered their price target on Dollar Tree from $75.00 to $70.00 and set an "underperform" rating on the stock in a research note on Tuesday, April 8th. Truist Financial boosted their price objective on Dollar Tree from $89.00 to $100.00 and gave the company a "buy" rating in a research report on Monday, June 2nd. Citigroup upgraded Dollar Tree from a "neutral" rating to a "buy" rating and upped their target price for the company from $76.00 to $103.00 in a research note on Monday, April 7th. Piper Sandler lifted their price target on shares of Dollar Tree from $72.00 to $93.00 and gave the stock a "neutral" rating in a research note on Thursday, June 5th. Finally, Evercore ISI boosted their price target on shares of Dollar Tree from $86.00 to $92.00 and gave the company an "in-line" rating in a report on Thursday, June 5th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $90.26.

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.