Handelsbanken Fonder AB Sells 37,320 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Handelsbanken Fonder AB reduced its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 33.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,764 shares of the company’s stock after selling 37,320 shares during the period. Handelsbanken Fonder AB’s holdings in Dollar Tree were worth $10,762,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

Several brokerages have commented on DLTR. StockNews.com upgraded shares of Dollar Tree from a “sell” rating to a “hold” rating in a research report on Wednesday, March 27th. Gordon Haskett downgraded shares of Dollar Tree from a “buy” rating to a “hold” rating and lowered their price target for the stock from $150.00 to $140.00 in a report on Wednesday, April 3rd. 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. TheStreet downgraded shares of Dollar Tree from a “b-” rating to a “c” rating in a report on Wednesday, March 13th. Finally, Truist Financial lowered their price target on shares of Dollar Tree from $149.00 to $147.00 and set a “buy” rating for the company in a report on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $150.05.

Dollar Tree Stock Performance

Shares of DLTR opened at $122.39 on Thursday. The company has a current ratio of 1.31, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $26.68 billion, a P/E ratio of -26.49, a price-to-earnings-growth ratio of 1.15 and a beta of 0.90. The firm’s fifty day simple moving average is $134.95 and its two-hundred day simple moving average is $128.86. Dollar Tree, Inc. has a 12 month low of $102.77 and a 12 month high of $161.10.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Wednesday, March 13th. The company reported $2.55 EPS 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 negative net margin of 3.26% and a positive return on equity of 15.11%. The business’s revenue was up 11.9% compared to the same quarter last year. During the same period last year, the company posted $2.04 EPS. As a group, analysts predict that Dollar Tree, Inc. will post 6.91 EPS for the current year.

Insider Buying and Selling at Dollar Tree

In other news, Director Daniel J. Heinrich purchased 1,000 shares of the business’s stock in a transaction on Monday, March 18th. The shares were acquired at an average price of $127.85 per share, with a total value of $127,850.00. Following the completion of the transaction, the director now owns 6,225 shares of the company’s stock, valued at approximately $795,866.25. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CFO Jeffrey A. Davis acquired 1,800 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 19,047 shares of the company’s stock, valued at $2,590,392. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Daniel J. Heinrich acquired 1,000 shares of the business’s stock in a transaction dated 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 transaction, the director now directly owns 6,225 shares in the company, valued at $795,866.25. The disclosure for this purchase can be found here. Insiders own 6.00% of the company’s stock.

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.