Truist Financial Corp Grows Stock Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Truist Financial Corp boosted its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 1,581.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 205,113 shares of the company's stock after acquiring an additional 192,915 shares during the period. Truist Financial Corp owned 0.09% of Dollar Tree worth $29,136,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC acquired a new position in Dollar Tree during the fourth quarter valued at approximately $15,638,000. DAVENPORT & Co LLC raised its holdings in shares of Dollar Tree by 155.2% during the 4th quarter. DAVENPORT & Co LLC now owns 31,275 shares of the company's stock worth $4,443,000 after buying an additional 19,019 shares in the last quarter. Illinois Municipal Retirement Fund lifted its position in shares of Dollar Tree by 52.0% during the 4th quarter. Illinois Municipal Retirement Fund now owns 112,540 shares of the company's stock worth $15,986,000 after buying an additional 38,517 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in Dollar Tree in the fourth quarter valued at about $4,247,000. Finally, Sequoia Financial Advisors LLC boosted its stake in Dollar Tree by 97.2% in the fourth quarter. Sequoia Financial Advisors LLC now owns 5,869 shares of the company's stock valued at $834,000 after buying an additional 2,893 shares in the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on DLTR. BMO Capital Markets decreased their price target on shares of Dollar Tree from $170.00 to $160.00 and set an "outperform" rating on the stock in a report on Thursday, March 14th. StockNews.com upgraded shares of Dollar Tree from a "sell" rating to a "hold" rating in a report on Wednesday, March 27th. Evercore ISI cut their price objective on Dollar Tree from $144.00 to $142.00 and set an "in-line" rating on the stock in a report on Tuesday, April 16th. Gordon Haskett lowered Dollar Tree from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $150.00 to $140.00 in a research report on Wednesday, April 3rd. Finally, JPMorgan Chase & Co. increased their target price on Dollar Tree from $144.00 to $152.00 and gave the company an "overweight" rating in a research report on Monday, April 15th. One analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, Dollar Tree has an average rating of "Moderate Buy" and a consensus price target of $150.05.

Insider Transactions at Dollar Tree

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

Dollar Tree Trading Down 2.4 %

DLTR traded down $2.93 during trading on Monday, hitting $118.81. The company's stock had a trading volume of 5,276,468 shares, compared to its average volume of 2,783,217. The firm has a market capitalization of $25.90 billion, a P/E ratio of -25.72, a PEG ratio of 1.15 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 stock's fifty day moving average price is $133.62 and its 200-day moving average price is $129.31. The company has a quick ratio of 0.22, a current ratio of 1.31 and a debt-to-equity ratio of 0.47.

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