WASHINGTON TRUST Co Sells 147 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

WASHINGTON TRUST Co cut its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 38.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 235 shares of the company’s stock after selling 147 shares during the quarter. WASHINGTON TRUST Co’s holdings in Dollar Tree were worth $33,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of DLTR. BlackRock Inc. grew its position in Dollar Tree by 0.3% in the first quarter. BlackRock Inc. now owns 16,041,782 shares of the company’s stock worth $2,302,798,000 after acquiring an additional 50,496 shares in the last quarter. Mantle Ridge LP grew its position in Dollar Tree by 11,365,431.0% during the first quarter. Mantle Ridge LP now owns 11,365,531 shares of the company’s stock valued at $1,820,190,000 after acquiring an additional 11,365,431 shares during the last quarter. State Street Corp grew its position in Dollar Tree by 1.5% during the second quarter. State Street Corp now owns 9,065,379 shares of the company’s stock valued at $1,300,882,000 after acquiring an additional 132,041 shares during the last quarter. Morgan Stanley raised its stake in shares of Dollar Tree by 95.9% during the fourth quarter. Morgan Stanley now owns 4,383,897 shares of the company’s stock worth $620,059,000 after acquiring an additional 2,145,910 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its holdings in shares of Dollar Tree by 0.7% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 4,063,966 shares of the company’s stock worth $574,808,000 after acquiring an additional 26,903 shares during the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Dollar Tree Price Performance

Shares of DLTR stock opened at $133.15 on Friday. The company has a quick ratio of 0.22, a current ratio of 1.31 and a debt-to-equity ratio of 0.47. The stock has a market cap of $29.02 billion, a price-to-earnings ratio of -28.82, a PEG ratio of 1.20 and a beta of 0.92. The business’s fifty day moving average is $138.01 and its 200 day moving average is $126.14. Dollar Tree, Inc. has a twelve month low of $102.77 and a twelve month high of $161.10.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Wednesday, March 13th. The company reported $2.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.67 by ($0.12). Dollar Tree had a positive return on equity of 15.11% and a negative net margin of 3.26%. The business had revenue of $8.63 billion during the quarter, compared to the consensus estimate of $8.66 billion. During the same quarter in the previous year, the business earned $2.04 earnings per share. The firm’s revenue was up 11.9% compared to the same quarter last year. Research analysts expect that Dollar Tree, Inc. will post 6.92 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on DLTR shares. Loop Capital decreased their target price on shares of Dollar Tree from $195.00 to $170.00 and set a “buy” rating on the stock in a research report on Thursday, March 14th. Guggenheim increased their price objective on Dollar Tree from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $160.00 target price on shares of Dollar Tree in a research note on Thursday, March 14th. Evercore ISI dropped their price target on shares of Dollar Tree from $157.00 to $144.00 and set an “in-line” rating for the company in a research report on Thursday, March 14th. Finally, BMO Capital Markets decreased their price objective on shares of Dollar Tree from $170.00 to $160.00 and set an “outperform” rating on the stock in a research report on Thursday, March 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $150.75.

Insider Buying and Selling

In related news, Director Daniel J. Heinrich acquired 1,000 shares of the stock in a transaction on Monday, March 18th. The stock was acquired at an average price of $127.85 per share, for a total transaction of $127,850.00. Following the completion of the purchase, the director now owns 6,225 shares of the company’s stock, valued at $795,866.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.00% of the stock is currently owned by company insiders.

Dollar Tree Company Profile

Dollar Tree, Inc operates discount variety retail 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.