UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Position in Dollar Tree, Inc. (NASDAQ:DLTR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 5.8% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,180,310 shares of the company's stock after selling 72,646 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.55% of Dollar Tree worth $88,452,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of DLTR. Vanguard Group Inc. grew its position in shares of 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 buying an additional 163,368 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its stake in shares of Dollar Tree by 5.7% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 9,920,748 shares of the company's stock valued at $743,461,000 after purchasing an additional 533,920 shares in the last quarter. Capital International Investors raised its position in Dollar Tree by 30.1% in the fourth quarter. Capital International Investors now owns 8,753,693 shares of the company's stock worth $656,000,000 after acquiring an additional 2,023,819 shares in the last quarter. EdgePoint Investment Group Inc. raised its position in Dollar Tree by 14.4% in the fourth quarter. EdgePoint Investment Group Inc. now owns 7,940,163 shares of the company's stock worth $595,036,000 after acquiring an additional 1,000,637 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC raised its position in 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 worth $488,974,000 after acquiring an additional 5,173,238 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on DLTR shares. JPMorgan Chase & Co. lowered their target price on Dollar Tree from $88.00 to $78.00 and set a "neutral" rating on the stock in a research note on Thursday, March 27th. Truist Financial boosted their target price on Dollar Tree from $84.00 to $89.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. UBS Group upped their price target on Dollar Tree from $95.00 to $108.00 and gave the stock a "buy" rating in a report on Thursday. Telsey Advisory Group upped their price target on Dollar Tree from $82.00 to $95.00 and gave the stock a "market perform" rating in a report on Tuesday. Finally, Loop Capital reiterated a "hold" rating on shares of Dollar Tree in a report on Thursday, March 27th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Dollar Tree has a consensus rating of "Hold" and an average target price of $84.05.

Insider Buying and Selling at Dollar Tree

In other news, CAO Aditya Maheshwari sold 1,238 shares of the firm's stock in a transaction that occurred 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 in the company, valued at $316,055.70. This trade represents a 22.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William W. Douglas III acquired 701 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were bought at an average cost of $75.00 per share, with a total value of $52,575.00. Following the transaction, the director now directly owns 1,377 shares in the company, valued at $103,275. This trade represents a 103.70% increase in their position. The disclosure for this purchase can be found here. 6.60% of the stock is owned by corporate insiders.

Dollar Tree Price Performance

Shares of DLTR traded down $0.10 during midday trading on Friday, hitting $90.48. 885,455 shares of the company traded hands, compared to its average volume of 4,080,589. The firm has a 50 day moving average of $80.04 and a 200-day moving average of $74.16. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. The stock has a market cap of $19.46 billion, a price-to-earnings ratio of -19.03, a PEG ratio of 2.16 and a beta of 0.87. Dollar Tree, Inc. has a 52 week low of $60.49 and a 52 week high of $121.92.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its quarterly earnings data on Wednesday, March 26th. The company reported $2.11 EPS for the quarter, missing analysts' consensus estimates of $2.20 by ($0.09). The business had revenue of $5 billion during the quarter, compared to the consensus estimate of $8.23 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The business's quarterly revenue was up .7% on a year-over-year basis. During the same period last year, the firm earned $2.55 EPS. On average, analysts forecast 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.