First Trust Advisors LP Lowers Stake in Dollar Tree, Inc. (NASDAQ:DLTR)

First Trust Advisors LP trimmed its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 98.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 5,397 shares of the company's stock after selling 293,679 shares during the quarter. First Trust Advisors LP's holdings in Dollar Tree were worth $404,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Empower Advisory Group LLC boosted its stake in Dollar Tree by 15.3% in the 4th quarter. Empower Advisory Group LLC now owns 760,423 shares of the company's stock worth $56,986,000 after purchasing an additional 100,676 shares during the period. Pzena Investment Management LLC purchased a new position in Dollar Tree in the fourth quarter worth approximately $520,000. Strategic Wealth Investment Group LLC acquired a new stake in Dollar Tree in the fourth quarter valued at $448,000. Intrepid Capital Management Inc. raised its holdings in Dollar Tree by 103.6% during the fourth quarter. Intrepid Capital Management Inc. now owns 27,026 shares of the company's stock worth $2,025,000 after purchasing an additional 13,751 shares in the last quarter. Finally, Alberta Investment Management Corp increased its position in Dollar Tree by 253.2% during the 4th quarter. Alberta Investment Management Corp now owns 93,600 shares of the company's stock worth $7,014,000 after purchasing an additional 67,100 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. dropped their price target on shares of Dollar Tree from $88.00 to $78.00 and set a "neutral" rating on the stock in a research report on Thursday, March 27th. Sanford C. Bernstein set a $82.00 price target on Dollar Tree and gave the company a "market perform" rating in a report on Monday, May 5th. Loop Capital reissued a "hold" rating on shares of Dollar Tree in a research report on Thursday, March 27th. Bank of America dropped their price target on shares of Dollar Tree from $75.00 to $70.00 and set an "underperform" rating for the company in a research note on Tuesday, April 8th. Finally, UBS Group cut their target price on shares of Dollar Tree from $105.00 to $95.00 and set a "buy" rating for the company in a research note on Friday, March 21st. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Dollar Tree currently has an average rating of "Hold" and an average target price of $82.68.

Insider Transactions at Dollar Tree

In other news, CAO Aditya Maheshwari sold 1,238 shares of the firm's stock in a transaction 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. This trade 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 is available through this link. Also, Director William W. Douglas III purchased 701 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The stock was acquired at an average cost of $75.00 per share, with a total value of $52,575.00. Following the completion of the acquisition, the director now directly owns 1,377 shares in the company, valued at approximately $103,275. This trade represents a 103.70% increase in their position. The disclosure for this purchase can be found here. Insiders own 6.80% of the company's stock.

Dollar Tree Trading Down 3.7%

Shares of NASDAQ DLTR traded down $3.29 during midday trading on Tuesday, reaching $85.71. 4,731,471 shares of the stock were exchanged, compared to its average volume of 4,048,796. The company has a 50 day simple moving average of $74.29 and a 200 day simple moving average of $72.12. 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 twelve month low of $60.49 and a twelve month high of $123.17. The stock has a market capitalization of $18.43 billion, a P/E ratio of -17.97, a PEG ratio of 2.16 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its quarterly earnings data 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 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% compared to the same quarter last year. During the same period last year, the company earned $2.55 earnings per share. As a group, equities analysts expect that Dollar Tree, Inc. will post 5.39 earnings per share for the current 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.