Tower Research Capital LLC TRC Trims Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Tower Research Capital LLC TRC reduced its position in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 22.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,827 shares of the company's stock after selling 5,377 shares during the quarter. Tower Research Capital LLC TRC's holdings in Dollar Tree were worth $1,411,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Empower Advisory Group LLC increased its holdings in Dollar Tree by 15.3% in the 4th quarter. Empower Advisory Group LLC now owns 760,423 shares of the company's stock valued at $56,986,000 after acquiring an additional 100,676 shares during the last quarter. Pzena Investment Management LLC bought a new stake in shares of Dollar Tree in the fourth quarter worth about $520,000. Strategic Wealth Investment Group LLC purchased a new stake in shares of Dollar Tree in the fourth quarter worth about $448,000. Intrepid Capital Management Inc. boosted its stake in Dollar Tree by 103.6% during the fourth quarter. Intrepid Capital Management Inc. now owns 27,026 shares of the company's stock valued at $2,025,000 after buying an additional 13,751 shares during the last quarter. Finally, Alberta Investment Management Corp grew its holdings in Dollar Tree by 253.2% during the 4th quarter. Alberta Investment Management Corp now owns 93,600 shares of the company's stock valued at $7,014,000 after buying an additional 67,100 shares in the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DLTR has been the topic of a number of recent research reports. Truist Financial set a $84.00 price target on shares of Dollar Tree in a research note on Thursday, March 27th. Citigroup raised shares of Dollar Tree from a "neutral" rating to a "buy" rating and increased their price target for the company from $76.00 to $103.00 in a report on Monday, April 7th. Evercore ISI boosted their price objective on Dollar Tree from $79.00 to $85.00 and gave the stock an "in-line" rating in a research note on Thursday, March 27th. Bank of America dropped their target price on Dollar Tree from $75.00 to $70.00 and set an "underperform" rating for the company in a report on Tuesday, April 8th. Finally, Telsey Advisory Group increased their price target on Dollar Tree from $75.00 to $82.00 and gave the company a "market perform" rating in a report on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $81.84.

Dollar Tree Stock Up 0.8 %

Shares of DLTR traded up $0.64 during mid-day trading on Tuesday, hitting $80.81. The company's stock had a trading volume of 841,059 shares, compared to its average volume of 3,989,818. The firm has a market capitalization of $17.38 billion, a price-to-earnings ratio of -16.95, a PEG ratio of 2.16 and a beta of 0.87. The company's 50-day moving average is $72.05 and its 200-day moving average is $70.95. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32. Dollar Tree, Inc. has a 52-week low of $60.49 and a 52-week high of $123.17.

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 analysts' consensus estimates of $2.20 by ($0.09). Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The company had revenue of $5 billion during the quarter, compared to analysts' expectations of $8.23 billion. During the same quarter in the prior year, the business posted $2.55 earnings per share. The company's revenue was up .7% compared to the same quarter last year. On average, equities research analysts forecast that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Insider Buying and Selling at Dollar Tree

In other Dollar Tree news, Director William W. Douglas III bought 701 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The shares were purchased at an average cost of $75.00 per share, for a total transaction of $52,575.00. Following the purchase, the director now directly owns 1,377 shares in the company, valued at $103,275. This represents a 103.70 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Aditya Maheshwari sold 1,238 shares of the firm's stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $74.70, for a total value 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 approximately $316,055.70. This represents a 22.64 % decrease in their position. The disclosure for this sale can be found here. Insiders own 6.80% 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.