Sentry Investment Management LLC Sells 117 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Sentry Investment Management LLC lowered its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 9.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,094 shares of the company’s stock after selling 117 shares during the period. Sentry Investment Management LLC’s holdings in Dollar Tree were worth $155,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of DLTR. Mantle Ridge LP increased its holdings in shares of 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 in the last quarter. Morgan Stanley increased its stake in Dollar Tree by 95.9% during the 4th quarter. Morgan Stanley now owns 4,383,897 shares of the company’s stock valued at $620,059,000 after purchasing an additional 2,145,910 shares in the last quarter. Norges Bank bought a new stake in Dollar Tree during the 4th quarter valued at about $273,045,000. Invesco Ltd. raised its holdings in Dollar Tree by 69.3% in the first quarter. Invesco Ltd. now owns 1,825,658 shares of the company’s stock worth $292,377,000 after buying an additional 747,162 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in shares of Dollar Tree by 139.4% in the third quarter. Ameriprise Financial Inc. now owns 1,260,780 shares of the company’s stock worth $134,202,000 after buying an additional 734,229 shares in the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Jeffrey A. Davis acquired 1,800 shares of Dollar Tree stock in a transaction dated Monday, April 1st. The shares were purchased at an average price of $136.00 per share, for a total transaction of $244,800.00. Following the completion of the transaction, the chief financial officer now directly owns 19,047 shares in the company, valued at approximately $2,590,392. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CFO Jeffrey A. Davis acquired 1,800 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was purchased at an average price of $136.00 per share, for a total transaction of $244,800.00. Following the completion of the transaction, the chief financial officer now directly owns 19,047 shares in the company, valued at approximately $2,590,392. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director Daniel J. Heinrich bought 1,000 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The stock was purchased at an average price of $127.85 per share, for a total transaction of $127,850.00. Following the completion of the transaction, the director now directly owns 6,225 shares of the company’s stock, valued at approximately $795,866.25. The disclosure for this purchase can be found here. 6.00% of the stock is currently owned by corporate insiders.

Dollar Tree Stock Performance

Shares of DLTR opened at $123.75 on Thursday. Dollar Tree, Inc. has a 52 week low of $102.77 and a 52 week high of $161.10. 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 $26.98 billion, a price-to-earnings ratio of -26.79, a PEG ratio of 1.18 and a beta of 0.90. The business has a 50-day simple moving average of $136.79 and a two-hundred day simple moving average of $128.26.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Wednesday, March 13th. The company reported $2.55 earnings per share for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.12). Dollar Tree had a negative net margin of 3.26% and a positive return on equity of 15.11%. The firm had revenue of $8.63 billion for the quarter, compared to analysts’ expectations of $8.66 billion. During the same quarter last year, the firm posted $2.04 EPS. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. On average, analysts expect that Dollar Tree, Inc. will post 6.91 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Oppenheimer restated a “market perform” rating on shares of Dollar Tree in a report on Monday, March 4th. JPMorgan Chase & Co. boosted their price target on Dollar Tree from $144.00 to $152.00 and gave the stock an “overweight” rating in a research note on Monday. Piper Sandler lowered their price target on Dollar Tree from $171.00 to $168.00 and set an “overweight” rating on the stock in a report on Thursday, March 14th. Telsey Advisory Group reiterated an “outperform” rating and issued a $160.00 price objective on shares of Dollar Tree in a report on Thursday, March 14th. Finally, TheStreet cut shares of Dollar Tree from a “b-” rating to a “c” rating in a research note on Wednesday, March 13th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $150.05.

Dollar Tree Company 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.