Rhumbline Advisers Sells 6,389 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Rhumbline Advisers cut its stake in Dollar Tree, Inc. (NASDAQ:DLTRGet Rating) by 1.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 355,474 shares of the company’s stock after selling 6,389 shares during the period. Rhumbline Advisers’ holdings in Dollar Tree were worth $49,951,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Morris Capital Advisors LLC lifted its stake in shares of Dollar Tree by 0.4% in the fourth quarter. Morris Capital Advisors LLC now owns 19,179 shares of the company’s stock valued at $2,695,000 after buying an additional 73 shares during the period. Louisiana State Employees Retirement System lifted its position in shares of Dollar Tree by 0.4% in the 4th quarter. Louisiana State Employees Retirement System now owns 26,100 shares of the company’s stock worth $3,667,000 after acquiring an additional 100 shares during the period. Cardinal Capital Management grew its holdings in shares of Dollar Tree by 0.4% during the 4th quarter. Cardinal Capital Management now owns 30,099 shares of the company’s stock worth $4,230,000 after purchasing an additional 106 shares in the last quarter. Quadrant Capital Group LLC increased its position in shares of Dollar Tree by 6.1% during the fourth quarter. Quadrant Capital Group LLC now owns 2,060 shares of the company’s stock valued at $289,000 after purchasing an additional 118 shares during the period. Finally, Horrell Capital Management Inc. raised its stake in shares of Dollar Tree by 0.5% in the fourth quarter. Horrell Capital Management Inc. now owns 29,640 shares of the company’s stock valued at $4,165,000 after purchasing an additional 143 shares in the last quarter. Institutional investors own 98.54% of the company’s stock.

Shares of NASDAQ DLTR opened at $161.45 on Tuesday. Dollar Tree, Inc. has a 1-year low of $84.26 and a 1-year high of $177.19. The company has a 50-day moving average of $161.04 and a two-hundred day moving average of $143.71. The company has a market cap of $36.34 billion, a PE ratio of 27.84, a P/E/G ratio of 1.30 and a beta of 0.70. The company has a current ratio of 1.34, a quick ratio of 0.30 and a debt-to-equity ratio of 0.44.

Dollar Tree (NASDAQ:DLTRGet Rating) last posted its quarterly earnings data on Wednesday, March 2nd. The company reported $2.01 earnings per share for the quarter, topping the consensus estimate of $1.79 by $0.22. The firm had revenue of $7.08 billion during the quarter, compared to analysts’ expectations of $7.12 billion. Dollar Tree had a net margin of 5.05% and a return on equity of 18.07%. Dollar Tree’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.13 EPS. As a group, equities research analysts forecast that Dollar Tree, Inc. will post 7.91 earnings per share for the current year.

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of Dollar Tree from $169.00 to $181.00 and gave the stock an “overweight” rating in a report on Tuesday, February 22nd. Telsey Advisory Group raised their price target on shares of Dollar Tree from $175.00 to $180.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 23rd. Guggenheim lifted their price objective on Dollar Tree from $165.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, March 3rd. Piper Sandler raised Dollar Tree from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $157.00 to $181.00 in a report on Wednesday, March 9th. Finally, BMO Capital Markets raised Dollar Tree from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $155.00 to $170.00 in a research note on Monday, February 28th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $154.70.

In other news, insider David A. Jacobs sold 542 shares of the business’s stock in a transaction dated Thursday, April 7th. The stock was sold at an average price of $157.94, for a total transaction of $85,603.48. Following the completion of the transaction, the insider now directly owns 17,085 shares in the company, valued at approximately $2,698,404.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Daniel J. Heinrich purchased 425 shares of the business’s stock in a transaction that occurred on Monday, March 28th. The stock was purchased at an average price of $156.09 per share, for a total transaction of $66,338.25. The disclosure for this purchase can be found here. 1.20% of the stock is owned by company insiders.

Dollar Tree Profile (Get Rating)

Dollar Tree, Inc operates discount variety retail stores. It 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, including candy and food, and health and personal care, as well as everyday consumables, such as household paper and chemicals, 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.

Featured Articles

Want to see what other hedge funds are holding DLTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dollar Tree, Inc. (NASDAQ:DLTRGet Rating).

Institutional Ownership by Quarter for Dollar Tree (NASDAQ:DLTR)

Receive News & Ratings for Dollar Tree Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar Tree and related companies with MarketBeat.com's FREE daily email newsletter.