SG Americas Securities LLC Cuts Stock Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

SG Americas Securities LLC lessened its stake in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 79.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,911 shares of the company's stock after selling 66,646 shares during the quarter. SG Americas Securities LLC's holdings in Dollar Tree were worth $1,270,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Assetmark Inc. increased its holdings in 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. Deseret Mutual Benefit Administrators increased its holdings in Dollar Tree by 20.9% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 907 shares of the company's stock worth $68,000 after acquiring an additional 157 shares in the last quarter. Checchi Capital Advisers LLC increased its holdings in Dollar Tree by 5.6% in the 4th quarter. Checchi Capital Advisers LLC now owns 3,390 shares of the company's stock worth $254,000 after acquiring an additional 180 shares in the last quarter. Metis Global Partners LLC increased its holdings in Dollar Tree by 3.4% in the 4th quarter. Metis Global Partners LLC now owns 6,773 shares of the company's stock worth $508,000 after acquiring an additional 220 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its holdings in Dollar Tree by 120.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 424 shares of the company's stock worth $32,000 after acquiring an additional 232 shares in the last quarter. Hedge funds and other institutional investors own 97.40% of the company's stock.

Dollar Tree Trading Up 4.0%

NASDAQ DLTR opened at $99.00 on Tuesday. The firm's 50-day moving average is $85.42 and its two-hundred day moving average is $76.55. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $109.36. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. The stock has a market capitalization of $20.66 billion, a P/E ratio of -20.75, a PEG ratio of 2.16 and a beta of 0.84.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last posted its earnings results on Wednesday, June 4th. The company reported $1.26 EPS for the quarter, beating analysts' consensus estimates of $1.21 by $0.05. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The company had revenue of $4.64 billion for the quarter, compared to analysts' expectations of $4.52 billion. During the same quarter in the prior year, the company posted $1.43 earnings per share. Dollar Tree's revenue for the quarter was up 11.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Insiders Place Their Bets

In related news, 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 transaction of $1,989,480.12. Following the sale, the chief marketing officer now directly owns 50,419 shares in the company, valued at approximately $4,770,645.78. This represents a 29.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 sale, the chief accounting officer now owns 4,231 shares in the company, valued at $316,055.70. The trade was a 22.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,441 shares of company stock worth $2,095,333 over the last three months. Company insiders own 6.60% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Loop Capital reissued a "hold" rating on shares of Dollar Tree in a report on Thursday, March 27th. Morgan Stanley lifted their target price on shares of Dollar Tree from $80.00 to $96.00 and gave the stock an "equal weight" rating in a research note on Thursday, June 5th. The Goldman Sachs Group cut shares of Dollar Tree from a "strong-buy" rating to a "strong sell" rating in a research note on Thursday, June 5th. Wells Fargo & Company set a $105.00 target price on shares of Dollar Tree and gave the stock an "overweight" rating in a research note on Monday, June 2nd. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and set a $95.00 target price on shares of Dollar Tree in a research note on Wednesday, June 4th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $90.26.

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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