River Road Asset Management LLC Reduces Stock Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

River Road Asset Management LLC decreased its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 6.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 170,205 shares of the company's stock after selling 10,791 shares during the quarter. River Road Asset Management LLC owned about 0.08% of Dollar Tree worth $24,178,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Mantle Ridge LP increased its stake 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 valued at $1,820,190,000 after acquiring an additional 11,365,431 shares in the last quarter. Morgan Stanley increased its stake in shares of 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 acquiring an additional 2,145,910 shares in the last quarter. Norges Bank bought a new stake in shares of Dollar Tree in the 4th quarter valued at $273,045,000. Invesco Ltd. increased its stake in shares of Dollar Tree by 69.3% in the 1st quarter. Invesco Ltd. now owns 1,825,658 shares of the company's stock valued at $292,377,000 after acquiring an additional 747,162 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of Dollar Tree by 139.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,260,780 shares of the company's stock valued at $134,202,000 after acquiring an additional 734,229 shares in the last quarter. Institutional investors own 97.40% of the company's stock.

Insider Buying and Selling

In related news, Director Daniel J. Heinrich purchased 1,000 shares of the business's stock in a transaction that occurred on Monday, March 18th. The shares were bought at an average cost of $127.85 per share, with a total value of $127,850.00. Following the acquisition, the director now owns 6,225 shares of the company's stock, valued at $795,866.25. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Daniel J. Heinrich acquired 1,000 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were acquired 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 of the company's stock, valued at approximately $795,866.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Jeffrey A. Davis acquired 1,800 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was purchased at an average price of $136.00 per share, for a total transaction of $244,800.00. Following the completion of the purchase, the chief financial officer now directly 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 insiders.

Wall Street Analysts Forecast Growth

DLTR has been the subject of several research analyst reports. Guggenheim lifted their price objective on shares of Dollar Tree from $155.00 to $170.00 and gave the company a "buy" rating in a research note on Tuesday, March 5th. JPMorgan Chase & Co. boosted their price target on shares of Dollar Tree from $144.00 to $152.00 and gave the company an "overweight" rating in a research note on Monday. Evercore ISI decreased their price target on shares of Dollar Tree from $144.00 to $142.00 and set an "in-line" rating for the company in a research note on Tuesday. Loop Capital decreased their price target on shares of Dollar Tree from $195.00 to $170.00 and set a "buy" rating for the company in a research note on Thursday, March 14th. Finally, StockNews.com upgraded shares of Dollar Tree from a "sell" rating to a "hold" rating in a research note on Wednesday, March 27th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, Dollar Tree presently has an average rating of "Moderate Buy" and a consensus target price of $150.05.

Dollar Tree Stock Performance

Shares of NASDAQ:DLTR traded down $1.52 during midday trading on Thursday, reaching $122.23. The company had a trading volume of 1,835,667 shares, compared to its average volume of 2,825,541. The company's 50 day moving average price is $136.79 and its 200 day moving average price is $128.26. The company has a current ratio of 1.31, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. The stock has a market cap of $26.64 billion, a P/E ratio of -26.55, a P/E/G ratio of 1.17 and a beta of 0.90. Dollar Tree, Inc. has a 52-week low of $102.77 and a 52-week high of $161.10.

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