Calamos Advisors LLC Sells 94,271 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Calamos Advisors LLC decreased its stake in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 51.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 89,059 shares of the company's stock after selling 94,271 shares during the period. Calamos Advisors LLC's holdings in Dollar Tree were worth $12,651,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. SVB Wealth LLC increased its holdings in Dollar Tree by 2.4% during the 2nd quarter. SVB Wealth LLC now owns 2,657 shares of the company's stock valued at $414,000 after acquiring an additional 62 shares in the last quarter. CIBC Private Wealth Group LLC increased its holdings in Dollar Tree by 0.5% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 18,240 shares of the company's stock valued at $2,483,000 after acquiring an additional 82 shares in the last quarter. Horrell Capital Management Inc. increased its holdings in Dollar Tree by 0.3% during the 4th quarter. Horrell Capital Management Inc. now owns 29,224 shares of the company's stock valued at $4,151,000 after acquiring an additional 94 shares in the last quarter. Ethic Inc. increased its holdings in Dollar Tree by 3.8% during the 1st quarter. Ethic Inc. now owns 2,554 shares of the company's stock valued at $409,000 after acquiring an additional 94 shares in the last quarter. Finally, Independence Bank of Kentucky grew its holdings in shares of Dollar Tree by 15.0% during the fourth quarter. Independence Bank of Kentucky now owns 759 shares of the company's stock worth $108,000 after buying an additional 99 shares in the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on DLTR shares. TheStreet downgraded shares of Dollar Tree from a "b-" rating to a "c" rating in a report on Wednesday, March 13th. Truist Financial lowered their price target on shares of Dollar Tree from $149.00 to $147.00 and set a "buy" rating for the company in a report on Thursday, March 14th. Jefferies Financial Group lowered their price target on shares of Dollar Tree from $130.00 to $128.00 in a report on Thursday, March 14th. Gordon Haskett downgraded shares of Dollar Tree from a "buy" rating to a "hold" rating and lowered their price target for the stock from $150.00 to $140.00 in a report on Wednesday, April 3rd. Finally, Wells Fargo & Company lifted their price target on shares of Dollar Tree from $160.00 to $180.00 and gave the stock an "overweight" rating in a report on Monday, March 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $150.05.

Dollar Tree Trading Down 0.2 %

DLTR stock traded down $0.20 during midday trading on Friday, reaching $122.03. 1,957,160 shares of the company's stock traded hands, compared to its average volume of 2,800,062. The company has a market capitalization of $26.60 billion, a P/E ratio of -26.41, a PEG ratio of 1.15 and a beta of 0.90. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.31 and a quick ratio of 0.22. Dollar Tree, Inc. has a fifty-two week low of $102.77 and a fifty-two week high of $161.10. The business has a 50-day moving average price of $136.07 and a two-hundred day moving average price of $128.51.

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

Insider Transactions at Dollar Tree

In other news, 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 cost of $136.00 per share, with a total value of $244,800.00. Following the completion of the transaction, the chief financial officer now owns 19,047 shares in the company, valued at approximately $2,590,392. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CFO Jeffrey A. Davis purchased 1,800 shares of the business's stock in a transaction that occurred on Monday, April 1st. The shares were purchased at an average cost of $136.00 per share, with a total value of $244,800.00. Following the completion of the acquisition, the chief financial officer now directly owns 19,047 shares of the company's stock, valued at approximately $2,590,392. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daniel J. Heinrich purchased 1,000 shares of the business's stock in a transaction that occurred on 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 completion of the acquisition, the director now directly owns 6,225 shares of the company's stock, valued at $795,866.25. The disclosure for this purchase can be found here. Corporate insiders own 6.00% of the company's stock.

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.