Tobam Sells 47,514 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Tobam cut its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 68.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 22,392 shares of the company's stock after selling 47,514 shares during the quarter. Tobam's holdings in Dollar Tree were worth $3,181,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in DLTR. BlackRock Inc. boosted its position in shares of Dollar Tree by 0.3% in the 1st quarter. BlackRock Inc. now owns 16,041,782 shares of the company's stock worth $2,302,798,000 after buying an additional 50,496 shares in the last quarter. Mantle Ridge LP boosted its position in shares of Dollar Tree by 11,365,431.0% in the 1st quarter. Mantle Ridge LP now owns 11,365,531 shares of the company's stock worth $1,820,190,000 after buying an additional 11,365,431 shares in the last quarter. State Street Corp boosted its position in shares of Dollar Tree by 8.4% in the 1st quarter. State Street Corp now owns 8,933,338 shares of the company's stock worth $1,282,378,000 after buying an additional 692,658 shares in the last quarter. Morgan Stanley lifted its holdings in Dollar Tree by 95.9% in the 4th quarter. Morgan Stanley now owns 4,383,897 shares of the company's stock valued at $620,059,000 after purchasing an additional 2,145,910 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its holdings in Dollar Tree by 0.7% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 4,063,966 shares of the company's stock valued at $574,808,000 after purchasing an additional 26,903 shares in the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Dollar Tree

In other news, Director Daniel J. Heinrich acquired 1,000 shares of the stock in a transaction on Monday, March 18th. The stock was bought at an average price of $127.85 per share, with a total value of $127,850.00. Following the completion of the transaction, the director now directly owns 6,225 shares of the company's stock, valued at $795,866.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Dollar Tree news, Director Daniel J. Heinrich bought 1,000 shares of Dollar Tree stock in a transaction dated Monday, March 18th. The stock was bought at an average cost of $127.85 per share, for a total transaction of $127,850.00. Following the purchase, the director now owns 6,225 shares in the company, valued at approximately $795,866.25. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Jeffrey A. Davis bought 1,800 shares of Dollar Tree stock in a transaction dated Monday, April 1st. The shares were acquired at an average price of $136.00 per share, with a total value of $244,800.00. Following the completion of the purchase, the chief financial officer now owns 19,047 shares in the company, valued at approximately $2,590,392. The disclosure for this purchase can be found here. 6.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on DLTR. Truist Financial reduced their target price on shares of Dollar Tree from $149.00 to $147.00 and set a "buy" rating on the stock in a report on Thursday, March 14th. Jefferies Financial Group reduced their target price on shares of Dollar Tree from $130.00 to $128.00 in a report on Thursday, March 14th. Guggenheim upped their target price on shares of Dollar Tree from $155.00 to $170.00 and gave the company a "buy" rating in a report on Tuesday, March 5th. StockNews.com raised shares of Dollar Tree from a "sell" rating to a "hold" rating in a research note on Wednesday, March 27th. Finally, TheStreet downgraded shares of Dollar Tree from a "b-" rating to a "c" rating in a research note on Wednesday, March 13th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $149.80.

Dollar Tree Trading Down 0.7 %

DLTR traded down $0.89 on Tuesday, reaching $127.33. 2,092,985 shares of the company's stock were exchanged, compared to its average volume of 2,884,889. The company's 50 day moving average is $138.04 and its 200-day moving average is $127.56. The company has a market cap of $27.76 billion, a price-to-earnings ratio of -27.56, a PEG ratio of 1.23 and a beta of 0.90. Dollar Tree, Inc. has a twelve month low of $102.77 and a twelve month high of $161.10. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 1.31.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its quarterly earnings data on Wednesday, March 13th. The company reported $2.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.67 by ($0.12). Dollar Tree had a negative net margin of 3.26% and a positive return on equity of 15.11%. The firm had revenue of $8.63 billion during the quarter, compared to analyst estimates of $8.66 billion. During the same period last year, the business earned $2.04 EPS. The firm's revenue was up 11.9% compared to the same quarter last year. Equities analysts predict that Dollar Tree, Inc. will post 6.91 earnings per share for the current year.

Dollar Tree Company Profile

Dollar Tree, Inc operates discount variety retail 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.