Zurcher Kantonalbank Zurich Cantonalbank Sells 316 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Zurcher Kantonalbank Zurich Cantonalbank decreased its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 0.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,728 shares of the company’s stock after selling 316 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Dollar Tree were worth $5,217,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new position in shares of Dollar Tree in the fourth quarter valued at approximately $15,638,000. DAVENPORT & Co LLC raised its stake in shares of Dollar Tree by 155.2% in the fourth quarter. DAVENPORT & Co LLC now owns 31,275 shares of the company’s stock valued at $4,443,000 after acquiring an additional 19,019 shares during the last quarter. Louisiana State Employees Retirement System bought a new position in shares of Dollar Tree in the fourth quarter valued at approximately $4,247,000. Sequoia Financial Advisors LLC raised its stake in shares of Dollar Tree by 97.2% in the fourth quarter. Sequoia Financial Advisors LLC now owns 5,869 shares of the company’s stock valued at $834,000 after acquiring an additional 2,893 shares during the last quarter. Finally, Premier Path Wealth Partners LLC bought a new position in shares of Dollar Tree in the fourth quarter valued at approximately $211,000. Institutional investors own 97.40% of the company’s stock.

Insider Transactions at Dollar Tree

In other news, Director Daniel J. Heinrich purchased 1,000 shares of Dollar Tree stock in a transaction dated Monday, March 18th. The shares were bought at an average cost of $127.85 per share, with a total value of $127,850.00. Following the completion of the transaction, the director now directly owns 6,225 shares in the company, valued at approximately $795,866.25. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Daniel J. Heinrich purchased 1,000 shares of Dollar Tree stock in a transaction dated Monday, March 18th. The shares were bought at an average cost of $127.85 per share, with a total value of $127,850.00. Following the completion of the transaction, the director now directly owns 6,225 shares in the company, valued at approximately $795,866.25. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Jeffrey A. Davis acquired 1,800 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was bought at an average cost 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 disclosure for this purchase can be found here. Insiders own 6.00% of the company’s stock.

Dollar Tree Price Performance

DLTR opened at $122.03 on Monday. The company has a fifty day moving average price of $136.07 and a two-hundred day moving average price of $128.68. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 1.31. Dollar Tree, Inc. has a 52 week low of $102.77 and a 52 week high of $161.10. The firm has a market capitalization of $26.60 billion, a PE ratio of -26.41, a P/E/G ratio of 1.15 and a beta of 0.90.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly 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). The firm had revenue of $8.63 billion for the quarter, compared to the consensus estimate of $8.66 billion. Dollar Tree had a positive return on equity of 15.11% and a negative net margin of 3.26%. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the prior year, the business earned $2.04 earnings per share. As a group, analysts anticipate that Dollar Tree, Inc. will post 6.91 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on DLTR shares. Guggenheim lifted their target price on shares of Dollar Tree from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Evercore ISI lowered their price target on shares of Dollar Tree from $144.00 to $142.00 and set an “in-line” rating for the company in a report on Tuesday, April 16th. BMO Capital Markets lowered their price target on shares of Dollar Tree from $170.00 to $160.00 and set an “outperform” rating for the company in a report on Thursday, March 14th. Gordon Haskett lowered shares of Dollar Tree from a “buy” rating to a “hold” rating and lowered their price target for the company from $150.00 to $140.00 in a report on Wednesday, April 3rd. Finally, StockNews.com raised shares of Dollar Tree from a “sell” rating to a “hold” rating in a report on Wednesday, March 27th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Dollar Tree 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.