Voya Investment Management LLC Decreases Stock Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Voya Investment Management LLC lowered its position in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 9.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,091 shares of the company's stock after selling 5,981 shares during the quarter. Voya Investment Management LLC's holdings in Dollar Tree were worth $4,428,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Dollar Tree by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 23,450,228 shares of the company's stock valued at $1,757,360,000 after purchasing an additional 163,368 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in Dollar Tree by 5.7% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 9,920,748 shares of the company's stock worth $743,461,000 after purchasing an additional 533,920 shares during the last quarter. Capital International Investors boosted its position in Dollar Tree by 30.1% during the fourth quarter. Capital International Investors now owns 8,753,693 shares of the company's stock valued at $656,000,000 after buying an additional 2,023,819 shares during the period. Geode Capital Management LLC grew its stake in shares of Dollar Tree by 4.5% during the fourth quarter. Geode Capital Management LLC now owns 5,109,852 shares of the company's stock valued at $381,964,000 after buying an additional 222,352 shares during the last quarter. Finally, Marshall Wace LLP increased its holdings in shares of Dollar Tree by 784.2% in the fourth quarter. Marshall Wace LLP now owns 4,377,366 shares of the company's stock worth $328,040,000 after buying an additional 3,882,324 shares during the period. 97.40% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on DLTR. Telsey Advisory Group increased their target price on Dollar Tree from $75.00 to $82.00 and gave the company a "market perform" rating in a report on Thursday, March 27th. UBS Group cut their target price on shares of Dollar Tree from $105.00 to $95.00 and set a "buy" rating on the stock in a report on Friday, March 21st. Truist Financial set a $84.00 price target on shares of Dollar Tree in a report on Thursday, March 27th. Citigroup raised shares of Dollar Tree from a "neutral" rating to a "buy" rating and raised their price target for the stock from $76.00 to $103.00 in a report on Monday, April 7th. Finally, Wells Fargo & Company upped their price objective on shares of Dollar Tree from $85.00 to $90.00 and gave the company an "overweight" rating in a research note on Tuesday, April 1st. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $81.84.

Dollar Tree Stock Up 3.7 %

DLTR stock traded up $3.02 during midday trading on Friday, hitting $84.29. The stock had a trading volume of 5,317,992 shares, compared to its average volume of 4,023,254. The business has a 50-day moving average of $72.56 and a two-hundred day moving average of $71.33. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. The firm has a market cap of $18.13 billion, a price-to-earnings ratio of -17.67, a price-to-earnings-growth ratio of 2.16 and a beta of 0.87. 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 released its earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share for the quarter, missing analysts' consensus estimates of $2.20 by ($0.09). Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The business had revenue of $5 billion during the quarter, compared to analysts' expectations of $8.23 billion. During the same period in the prior year, the company earned $2.55 earnings per share. The firm's quarterly revenue was up .7% compared to the same quarter last year. As a group, equities research analysts forecast that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Insider Transactions at Dollar Tree

In other Dollar Tree news, CAO Aditya Maheshwari sold 1,238 shares of the business's stock in a transaction on Monday, April 14th. The stock was sold at an average price of $74.70, for a total value of $92,478.60. Following the sale, the chief accounting officer now directly owns 4,231 shares of the company's stock, valued at approximately $316,055.70. The trade was a 22.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director William W. Douglas III bought 701 shares of the business's stock in a transaction dated Wednesday, April 2nd. The stock was bought at an average cost of $75.00 per share, for a total transaction of $52,575.00. Following the completion of the purchase, the director now owns 1,377 shares of the company's stock, valued at approximately $103,275. The trade was a 103.70 % increase in their position. The disclosure for this purchase can be found here. Insiders own 6.80% of the company's stock.

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.