DNB Asset Management AS Trims Stock Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

DNB Asset Management AS trimmed its holdings in Dollar Tree, Inc. (NASDAQ:DLTRGet Rating) by 53.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 36,148 shares of the company’s stock after selling 41,459 shares during the quarter. DNB Asset Management AS’s holdings in Dollar Tree were worth $5,789,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of DLTR. State Street Corp increased its holdings in Dollar Tree by 0.5% during the 4th quarter. State Street Corp now owns 9,881,618 shares of the company’s stock worth $1,388,565,000 after purchasing an additional 46,914 shares during the period. EdgePoint Investment Group Inc. purchased a new position in Dollar Tree during the 4th quarter worth $646,253,000. Geode Capital Management LLC increased its holdings in Dollar Tree by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 4,353,256 shares of the company’s stock worth $610,233,000 after purchasing an additional 108,196 shares during the period. Canada Pension Plan Investment Board increased its holdings in Dollar Tree by 161.3% during the 4th quarter. Canada Pension Plan Investment Board now owns 4,318,151 shares of the company’s stock worth $606,787,000 after purchasing an additional 2,665,651 shares during the period. Finally, Capital World Investors purchased a new position in Dollar Tree during the 4th quarter worth $553,637,000. Hedge funds and other institutional investors own 98.54% of the company’s stock.

Shares of DLTR opened at $155.03 on Thursday. The stock has a 50-day moving average of $158.46 and a two-hundred day moving average of $148.26. Dollar Tree, Inc. has a one year low of $84.26 and a one year high of $177.19. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.35 and a current ratio of 1.46. The stock has a market cap of $34.81 billion, a P/E ratio of 23.60, a P/E/G ratio of 1.19 and a beta of 0.70.

Dollar Tree (NASDAQ:DLTRGet Rating) last issued its quarterly earnings results on Thursday, May 26th. The company reported $2.37 EPS for the quarter, topping analysts’ consensus estimates of $2.00 by $0.37. Dollar Tree had a return on equity of 19.71% and a net margin of 5.57%. The company had revenue of $6.90 billion during the quarter, compared to analysts’ expectations of $6.77 billion. During the same quarter in the previous year, the firm posted $1.60 EPS. The firm’s revenue was up 6.5% compared to the same quarter last year. Analysts predict that Dollar Tree, Inc. will post 8.15 EPS for the current fiscal year.

In related news, Director Daniel J. Heinrich acquired 425 shares of Dollar Tree stock in a transaction on Monday, March 28th. The stock was acquired at an average price of $156.09 per share, for a total transaction of $66,338.25. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider David A. Jacobs sold 542 shares of Dollar Tree stock in a transaction dated Thursday, April 7th. The shares were sold at an average price of $157.94, for a total value of $85,603.48. Following the completion of the transaction, the insider now owns 17,085 shares of the company’s stock, valued at approximately $2,698,404.90. The disclosure for this sale can be found here. Company insiders own 5.80% of the company’s stock.

Several analysts have issued reports on DLTR shares. Loop Capital raised Dollar Tree from a “hold” rating to a “buy” rating and increased their target price for the company from $140.00 to $200.00 in a research report on Wednesday, March 9th. Telsey Advisory Group dropped their target price on Dollar Tree from $180.00 to $160.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 24th. Citigroup increased their target price on Dollar Tree from $162.00 to $190.00 and gave the company a “buy” rating in a research report on Tuesday, May 31st. Piper Sandler increased their target price on Dollar Tree from $181.00 to $191.00 in a research report on Friday, May 27th. Finally, Guggenheim increased their target price on Dollar Tree to $185.00 in a research report on Friday, May 27th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, Dollar Tree has an average rating of “Moderate Buy” and a consensus target price of $163.82.

Dollar Tree Company Profile (Get Rating)

Dollar Tree, Inc operates discount variety retail stores. It 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, including candy and food, and health and personal care, as well as everyday consumables, such as household paper and chemicals, 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.

See Also

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Institutional Ownership by Quarter for Dollar Tree (NASDAQ:DLTR)

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