Dollar Tree, Inc. (NASDAQ:DLTR) Shares Sold by Jump Financial LLC

Jump Financial LLC cut its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 97.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,244 shares of the company's stock after selling 341,169 shares during the quarter. Jump Financial LLC's holdings in Dollar Tree were worth $693,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Assetmark Inc. lifted its position in Dollar Tree by 74.1% during the fourth quarter. Assetmark Inc. now owns 350 shares of the company's stock worth $26,000 after buying an additional 149 shares during the period. Deseret Mutual Benefit Administrators lifted its position in Dollar Tree by 20.9% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 907 shares of the company's stock worth $68,000 after buying an additional 157 shares during the period. Checchi Capital Advisers LLC lifted its position in Dollar Tree by 5.6% during the fourth quarter. Checchi Capital Advisers LLC now owns 3,390 shares of the company's stock worth $254,000 after buying an additional 180 shares during the period. MassMutual Private Wealth & Trust FSB lifted its position in Dollar Tree by 91.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company's stock worth $33,000 after buying an additional 210 shares during the period. Finally, Metis Global Partners LLC lifted its position in Dollar Tree by 3.4% during 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 period. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on DLTR shares. Bank of America cut their price objective on Dollar Tree from $75.00 to $70.00 and set an "underperform" rating on the stock in a report on Tuesday, April 8th. Loop Capital reiterated a "hold" rating on shares of Dollar Tree in a research note on Thursday, March 27th. JPMorgan Chase & Co. lowered their target price on Dollar Tree from $88.00 to $78.00 and set a "neutral" rating for the company in a research note on Thursday, March 27th. Citigroup upgraded Dollar Tree from a "neutral" rating to a "buy" rating and increased their target price for the company from $76.00 to $103.00 in a research note on Monday, April 7th. Finally, Telsey Advisory Group increased their target price on Dollar Tree from $75.00 to $82.00 and gave the company a "market perform" rating in a research note on Thursday, March 27th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $81.84.

Insider Activity at Dollar Tree

In other news, Director William W. Douglas III bought 701 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were purchased 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. The trade was a 103.70 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Aditya Maheshwari sold 1,238 shares of the company's stock in a transaction dated 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 directly owns 4,231 shares of the company's stock, valued at $316,055.70. The trade was a 22.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.80% of the stock is currently owned by insiders.

Dollar Tree Stock Performance

Shares of NASDAQ DLTR traded down $0.40 during mid-day trading on Monday, hitting $80.17. The company had a trading volume of 3,132,311 shares, compared to its average volume of 4,002,178. The stock has a market cap of $17.24 billion, a price-to-earnings ratio of -16.81, a PEG ratio of 2.16 and a beta of 0.87. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $123.17. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. The firm's 50 day simple moving average is $72.05 and its two-hundred day simple moving average is $70.95.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its quarterly earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share (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 the consensus estimate of $8.23 billion. During the same period last year, the business posted $2.55 EPS. The company's revenue for the quarter was up .7% on a year-over-year basis. As a group, equities research analysts forecast that Dollar Tree, Inc. will post 5.39 earnings per share 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.