Snowden Capital Advisors LLC Lowers Stock Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Snowden Capital Advisors LLC decreased its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 66.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 hedge funds have also added to or reduced their stakes in DLTR. MassMutual Private Wealth & Trust FSB increased its stake in Dollar Tree by 91.3% in the 4th 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 last quarter. Janney Montgomery Scott LLC bought a new position in Dollar Tree in the 4th quarter valued at $4,069,000. Fifth Third Bancorp grew its position in Dollar Tree by 69.8% during the fourth quarter. Fifth Third Bancorp now owns 9,418 shares of the company's stock valued at $706,000 after buying an additional 3,873 shares during the period. Blue Trust Inc. increased its holdings in Dollar Tree by 47.8% during the fourth quarter. Blue Trust Inc. now owns 1,429 shares of the company's stock worth $100,000 after buying an additional 462 shares during the last quarter. Finally, KBC Group NV raised its position in Dollar Tree by 1.1% in the fourth quarter. KBC Group NV now owns 28,312 shares of the company's stock worth $2,122,000 after acquiring an additional 313 shares during the period. 97.40% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Dollar Tree news, 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 value of $92,478.60. Following the sale, the chief accounting officer now directly owns 4,231 shares of the company's stock, valued at approximately $316,055.70. This represents a 22.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William W. Douglas III bought 701 shares of the stock in a transaction dated 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 purchase, the director now directly owns 1,377 shares of the company's stock, valued at approximately $103,275. The trade was 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 currently owned by corporate insiders.

Analyst Upgrades and Downgrades

DLTR has been the subject of several research reports. Loop Capital reissued a "hold" rating on shares of Dollar Tree in a report on Thursday, March 27th. Guggenheim reissued a "buy" rating and set a $100.00 price objective (up previously from $95.00) on shares of Dollar Tree in a research note on Monday, May 5th. UBS Group dropped their target price on Dollar Tree from $105.00 to $95.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Evercore ISI boosted their price target on shares of Dollar Tree from $79.00 to $85.00 and gave the stock an "in-line" rating in a research note on Thursday, March 27th. Finally, Sanford C. Bernstein set a $82.00 target price on Dollar Tree and gave the company a "market perform" rating in a research note on Monday, May 5th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $83.37.

Dollar Tree Trading Up 2.5%

DLTR traded up $2.19 on Tuesday, hitting $90.36. The company had a trading volume of 3,117,013 shares, compared to its average volume of 4,089,121. The company has a market cap of $19.43 billion, a PE ratio of -18.94, a PEG ratio of 2.16 and a beta of 0.87. The business's fifty day simple moving average is $78.66 and its 200 day simple moving average is $73.74. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $121.92. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last posted 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 positive return on equity of 16.89% and a negative net margin of 3.34%. The company had revenue of $5 billion during the quarter, compared to analysts' expectations of $8.23 billion. During the same period in the prior year, the business earned $2.55 EPS. The company's quarterly revenue was up .7% on a year-over-year basis. Equities research analysts expect that Dollar Tree, Inc. will post 5.39 EPS for the current 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.