Snowden Capital Advisors LLC Trims Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Snowden Capital Advisors LLC reduced its stake in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 66.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,033 shares of the company's stock after selling 6,032 shares during the period. Snowden Capital Advisors LLC's holdings in Dollar Tree were worth $227,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Assetmark Inc. increased its stake in shares of Dollar Tree by 74.1% during the fourth quarter. Assetmark Inc. now owns 350 shares of the company's stock valued at $26,000 after buying an additional 149 shares during the period. Bessemer Group Inc. increased its stake in shares of Dollar Tree by 34,600.0% during the fourth quarter. Bessemer Group Inc. now owns 347 shares of the company's stock valued at $26,000 after buying an additional 346 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of Dollar Tree by 120.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 424 shares of the company's stock valued at $32,000 after buying an additional 232 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in shares of Dollar Tree by 91.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company's stock valued at $33,000 after buying an additional 210 shares during the period. Finally, Hurley Capital LLC purchased a new position in shares of Dollar Tree during the fourth quarter valued at approximately $33,000. 97.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Citigroup raised Dollar Tree from a "neutral" rating to a "buy" rating and boosted their target price for the company from $76.00 to $103.00 in a research note on Monday, April 7th. Truist Financial lifted their price target on Dollar Tree from $84.00 to $89.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Guggenheim restated a "buy" rating and set a $100.00 price target (up from $95.00) on shares of Dollar Tree in a research report on Monday, May 5th. UBS Group dropped their price target on Dollar Tree from $105.00 to $95.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. Finally, Loop Capital restated a "hold" rating on shares of Dollar Tree in a research report on Thursday, March 27th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $83.37.

Insider Activity at Dollar Tree

In other news, Director William W. Douglas III acquired 701 shares of Dollar Tree stock in a transaction that occurred on Wednesday, April 2nd. The stock was bought at an average price of $75.00 per share, for a total transaction of $52,575.00. Following the completion of the transaction, the director now owns 1,377 shares in the company, valued at $103,275. The trade was a 103.70% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Aditya Maheshwari sold 1,238 shares of the company's stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $74.70, for a total value 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 disclosure for this sale can be found here. 6.60% of the stock is owned by company insiders.

Dollar Tree Stock Performance

Shares of NASDAQ:DLTR traded down $0.23 during midday trading on Thursday, reaching $89.11. 681,760 shares of the company's stock traded hands, compared to its average volume of 4,076,724. The company has a market cap of $19.17 billion, a price-to-earnings ratio of -18.68, a P/E/G ratio of 2.16 and a beta of 0.87. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. Dollar Tree, Inc. has a one year low of $60.49 and a one year high of $121.92. The stock has a 50 day moving average of $79.63 and a 200 day moving average of $73.96.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its quarterly earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 company's revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the previous year, the company earned $2.55 earnings per share. As a group, equities research analysts anticipate that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

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.