Dollar Tree, Inc. (NASDAQ:DLTR) Shares Sold by Strs Ohio

Strs Ohio lessened its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 8.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,687 shares of the company’s stock after selling 711 shares during the quarter. Strs Ohio’s holdings in Dollar Tree were worth $1,091,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in DLTR. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Dollar Tree in the third quarter worth about $26,000. Operose Advisors LLC acquired a new stake in Dollar Tree in the third quarter worth about $34,000. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Dollar Tree in the fourth quarter worth about $35,000. City State Bank raised its stake in shares of Dollar Tree by 200.0% in the fourth quarter. City State Bank now owns 300 shares of the company’s stock worth $43,000 after purchasing an additional 200 shares during the last quarter. Finally, Mendota Financial Group LLC purchased a new position in shares of Dollar Tree in the fourth quarter worth about $52,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on DLTR shares. TheStreet cut Dollar Tree from a “b-” rating to a “c” rating in a research note on Wednesday, March 13th. Oppenheimer restated a “market perform” rating on shares of Dollar Tree in a research note on Monday, March 4th. Wells Fargo & Company raised their price objective on Dollar Tree from $160.00 to $180.00 and gave the stock an “overweight” rating in a research note on Monday, March 4th. JPMorgan Chase & Co. raised their price objective on Dollar Tree from $144.00 to $152.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. Finally, Truist Financial reduced their price target on Dollar Tree from $149.00 to $147.00 and set a “buy” rating for the company in a research report on Thursday, March 14th. 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’s stock. Based on data from MarketBeat, Dollar Tree currently has an average rating of “Moderate Buy” and a consensus target price of $150.05.

Dollar Tree Stock Up 0.7 %

Dollar Tree stock opened at $122.56 on Wednesday. The stock has a market capitalization of $26.72 billion, a PE ratio of -26.53, a price-to-earnings-growth ratio of 1.15 and a beta of 0.90. Dollar Tree, Inc. has a 12 month low of $102.77 and a 12 month high of $161.10. The business has a 50 day simple moving average of $135.30 and a 200-day simple moving average of $128.91. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.31 and a quick ratio of 0.22.

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 analysts’ consensus estimates of $2.67 by ($0.12). The firm had revenue of $8.63 billion during the quarter, compared to analyst estimates of $8.66 billion. Dollar Tree had a positive return on equity of 15.11% and a negative net margin of 3.26%. The business’s revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the firm earned $2.04 earnings per share. On average, analysts anticipate that Dollar Tree, Inc. will post 6.91 EPS for the current fiscal year.

Insider Transactions at Dollar Tree

In other news, Director Daniel J. Heinrich purchased 1,000 shares of the stock in a transaction dated Monday, March 18th. The shares were purchased at an average cost of $127.85 per share, with a total value of $127,850.00. Following the completion of the purchase, the director now directly owns 6,225 shares of the company’s stock, valued at approximately $795,866.25. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CFO Jeffrey A. Davis acquired 1,800 shares of the stock in a transaction on Monday, April 1st. The shares were bought at an average price of $136.00 per share, with a total value of $244,800.00. Following the completion of the purchase, the chief financial officer now owns 19,047 shares of the company’s stock, valued at approximately $2,590,392. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daniel J. Heinrich acquired 1,000 shares of the stock in a transaction on Monday, March 18th. The shares were bought at an average cost of $127.85 per share, for a total transaction of $127,850.00. Following the purchase, 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. Corporate insiders own 6.00% of the company’s stock.

Dollar Tree 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.