Sumitomo Mitsui Trust Holdings Inc. lessened its position in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 5.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 477,995 shares of the company's stock after selling 27,373 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 0.22% of Dollar Tree worth $51,036,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in DLTR. Dorsal Capital Management LP bought a new position in shares of Dollar Tree during the fourth quarter valued at about $35,512,000. Wellington Management Group LLP grew its stake in shares of Dollar Tree by 2.6% during the fourth quarter. Wellington Management Group LLP now owns 2,881,772 shares of the company's stock valued at $409,356,000 after buying an additional 73,588 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its stake in shares of Dollar Tree by 92.6% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 146,614 shares of the company's stock valued at $20,826,000 after buying an additional 70,478 shares during the last quarter. Bridgefront Capital LLC grew its stake in shares of Dollar Tree by 62.5% during the fourth quarter. Bridgefront Capital LLC now owns 4,918 shares of the company's stock valued at $699,000 after buying an additional 1,892 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in shares of Dollar Tree by 1.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 43,671 shares of the company's stock valued at $6,203,000 after buying an additional 743 shares during the last quarter. Institutional investors own 97.40% of the company's stock.
Dollar Tree Stock Up 1.8 %
Shares of DLTR traded up $1.73 on Monday, hitting $100.51. 2,305,290 shares of the stock traded hands, compared to its average volume of 2,738,611. The company has a market capitalization of $21.60 billion, a PE ratio of -21.52, a P/E/G ratio of 1.07 and a beta of 0.88. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.23 and a current ratio of 1.28. The business has a 50 day simple moving average of $103.69 and a 200 day simple moving average of $120.34. Dollar Tree, Inc. has a one year low of $91.40 and a one year high of $151.21.
Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its quarterly earnings results on Wednesday, June 5th. The company reported $1.43 earnings per share for the quarter, meeting the consensus estimate of $1.43. The company had revenue of $7.63 billion during the quarter, compared to the consensus estimate of $7.63 billion. Dollar Tree had a negative net margin of 3.23% and a positive return on equity of 15.67%. The firm's quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.47 earnings per share. As a group, equities analysts forecast that Dollar Tree, Inc. will post 6.63 earnings per share for the current fiscal year.
Insider Activity at Dollar Tree
In other Dollar Tree news, insider Robert Aflatooni sold 827 shares of Dollar Tree stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $105.58, for a total value of $87,314.66. Following the completion of the sale, the insider now owns 9,725 shares of the company's stock, valued at approximately $1,026,765.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 6.80% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on the stock. KeyCorp upgraded shares of Dollar Tree from a "sector weight" rating to an "overweight" rating and set a $150.00 target price for the company in a report on Wednesday, May 1st. JPMorgan Chase & Co. increased their target price on shares of Dollar Tree from $135.00 to $148.00 and gave the stock an "overweight" rating in a report on Thursday, July 18th. Evercore ISI increased their target price on shares of Dollar Tree from $136.00 to $137.00 and gave the stock an "in-line" rating in a report on Thursday, June 20th. Citigroup lowered shares of Dollar Tree from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $163.00 to $120.00 in a report on Thursday, June 6th. Finally, Telsey Advisory Group lowered their price objective on shares of Dollar Tree from $160.00 to $155.00 and set an "outperform" rating for the company in a report on Thursday, June 6th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $141.55.
View Our Latest Report on DLTR
About Dollar Tree
(Free Report)
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.
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