Sumitomo Mitsui Trust Group Inc. Sells 24,252 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Sumitomo Mitsui Trust Group Inc. trimmed its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 5.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 460,545 shares of the company's stock after selling 24,252 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.21% of Dollar Tree worth $34,573,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Metis Global Partners LLC increased its holdings in Dollar Tree by 3.4% in the fourth quarter. Metis Global Partners LLC now owns 6,773 shares of the company's stock worth $508,000 after buying an additional 220 shares during the last quarter. SRS Capital Advisors Inc. increased its stake in Dollar Tree by 3,857.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,781 shares of the company's stock valued at $133,000 after acquiring an additional 1,736 shares during the period. Jones Financial Companies Lllp lifted its holdings in shares of Dollar Tree by 50.7% during the fourth quarter. Jones Financial Companies Lllp now owns 2,324 shares of the company's stock valued at $174,000 after acquiring an additional 782 shares during the period. Steward Partners Investment Advisory LLC boosted its holdings in shares of Dollar Tree by 247.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,616 shares of the company's stock worth $421,000 after acquiring an additional 4,001 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Dollar Tree by 10.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,386,357 shares of the company's stock worth $103,894,000 after acquiring an additional 132,934 shares during the last quarter. Hedge funds and other institutional investors own 97.40% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on DLTR. UBS Group boosted their price objective on Dollar Tree from $95.00 to $108.00 and gave the stock a "buy" rating in a report on Thursday, May 29th. Wells Fargo & Company set a $105.00 target price on Dollar Tree and gave the stock an "overweight" rating in a research note on Monday, June 2nd. Morgan Stanley boosted their price target on Dollar Tree from $80.00 to $96.00 and gave the company an "equal weight" rating in a report on Thursday, June 5th. Telsey Advisory Group restated a "market perform" rating and set a $95.00 target price on shares of Dollar Tree in a report on Wednesday, June 4th. Finally, BMO Capital Markets raised their price target on Dollar Tree from $80.00 to $85.00 and gave the company a "market perform" rating in a research note on Thursday, June 5th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, Dollar Tree has an average rating of "Hold" and a consensus target price of $90.37.

Insider Transactions at Dollar Tree

In related news, CMO Richard L. Mcneely sold 21,026 shares of the stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $94.62, for a total value of $1,989,480.12. Following the completion of the transaction, the chief marketing officer owned 50,419 shares of the company's stock, valued at $4,770,645.78. This represents a 29.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 transaction, the chief accounting officer directly owned 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. In the last quarter, insiders sold 22,439 shares of company stock worth $2,099,028. Company insiders own 6.60% of the company's stock.

Dollar Tree Price Performance

Shares of DLTR stock traded down $1.26 during trading on Friday, hitting $101.76. The company had a trading volume of 2,140,917 shares, compared to its average volume of 4,213,225. The firm has a market capitalization of $21.24 billion, a P/E ratio of -7.34, a price-to-earnings-growth ratio of 2.19 and a beta of 0.86. Dollar Tree, Inc. has a one year low of $60.49 and a one year high of $108.93. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.72 and a current ratio of 1.04. The stock's 50-day moving average price is $91.88 and its 200 day moving average price is $79.19.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its quarterly earnings results 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 positive return on equity of 19.36% and a negative net margin of 12.15%. The company had revenue of $4.64 billion for the quarter, compared to analysts' expectations of $4.52 billion. During the same quarter last year, the business earned $1.43 earnings per share. Dollar Tree's revenue was up 11.3% on a year-over-year basis. Equities analysts expect that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

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.