Dollar Tree, Inc. (NASDAQ:DLTR) Shares Sold by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC lowered its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 56.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,878 shares of the company's stock after selling 3,662 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Dollar Tree were worth $216,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of DLTR. Symmetry Investments LP bought a new stake in shares of Dollar Tree during the fourth quarter worth $736,000. Fuller & Thaler Asset Management Inc. raised its stake in shares of Dollar Tree by 32.8% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 202,699 shares of the company's stock valued at $15,190,000 after acquiring an additional 50,026 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Dollar Tree by 5.7% in 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 during the period. MGO One Seven LLC purchased a new stake in shares of Dollar Tree in the fourth quarter valued at approximately $299,000. Finally, Mesirow Institutional Investment Management Inc. increased its holdings in Dollar Tree by 2.4% during the 4th quarter. Mesirow Institutional Investment Management Inc. now owns 39,779 shares of the company's stock worth $2,981,000 after purchasing an additional 936 shares during the period. Hedge funds and other institutional investors own 97.40% of the company's stock.

Insiders Place Their Bets

In other news, CAO Aditya Maheshwari sold 1,238 shares of the firm's stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $74.70, for a total value of $92,478.60. Following the transaction, the chief accounting officer now directly owns 4,231 shares of the company's stock, valued at approximately $316,055.70. This trade represents a 22.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director William W. Douglas III acquired 701 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The shares were acquired at an average cost of $75.00 per share, with a total value of $52,575.00. Following the purchase, the director now owns 1,377 shares in the company, valued at $103,275. This represents a 103.70 % increase in their position. The disclosure for this purchase can be found here. 6.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on DLTR shares. Sanford C. Bernstein set a $82.00 price objective on shares of Dollar Tree and gave the stock a "market perform" rating in a research note on Monday. Wells Fargo & Company increased their target price on Dollar Tree from $85.00 to $90.00 and gave the company an "overweight" rating in a research report on Tuesday, April 1st. JPMorgan Chase & Co. cut 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. Loop Capital reissued a "hold" rating on shares of Dollar Tree in a research report on Thursday, March 27th. Finally, Evercore ISI raised their target price on shares of Dollar Tree from $79.00 to $85.00 and gave the company an "in-line" rating in a research note on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $82.68.

Dollar Tree Stock Performance

NASDAQ:DLTR traded up $0.13 during trading hours on Friday, reaching $85.51. The company had a trading volume of 2,108,004 shares, compared to its average volume of 4,027,275. The firm has a market cap of $18.39 billion, a PE ratio of -17.93, a price-to-earnings-growth ratio of 2.16 and a beta of 0.87. Dollar Tree, Inc. has a 1-year low of $60.49 and a 1-year high of $123.17. The business's 50 day moving average price is $73.54 and its 200-day moving average price is $71.76. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last released 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 negative net margin of 3.34% and a positive return on equity of 16.89%. The firm had revenue of $5 billion for the quarter, compared to analyst estimates of $8.23 billion. During the same quarter in the prior year, the business posted $2.55 EPS. The firm's quarterly revenue was up .7% compared to the same quarter last year. Research analysts forecast that Dollar Tree, Inc. will post 5.39 EPS for the current year.

About Dollar Tree

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.