Poplar Forest Capital LLC Decreases Stake in Dollar Tree, Inc. (NASDAQ:DLTR)

Poplar Forest Capital LLC reduced its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 28.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 178,081 shares of the company’s stock after selling 70,137 shares during the period. Dollar Tree makes up approximately 3.7% of Poplar Forest Capital LLC’s holdings, making the stock its 14th largest holding. Poplar Forest Capital LLC’s holdings in Dollar Tree were worth $25,296,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Wellington Management Group LLP lifted its stake in shares of Dollar Tree by 5.1% in the third quarter. Wellington Management Group LLP now owns 2,808,184 shares of the company’s stock worth $298,931,000 after buying an additional 135,826 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in Dollar Tree by 1.6% during the third quarter. Canada Pension Plan Investment Board now owns 2,385,299 shares of the company’s stock worth $253,915,000 after purchasing an additional 36,944 shares during the period. Northern Trust Corp raised its stake in Dollar Tree by 0.8% during the third quarter. Northern Trust Corp now owns 2,218,405 shares of the company’s stock worth $236,149,000 after purchasing an additional 16,813 shares during the period. American Century Companies Inc. raised its stake in Dollar Tree by 11.2% during the third quarter. American Century Companies Inc. now owns 2,111,343 shares of the company’s stock worth $224,752,000 after purchasing an additional 212,527 shares during the period. Finally, Invesco Ltd. raised its stake in Dollar Tree by 24.7% during the third quarter. Invesco Ltd. now owns 1,966,962 shares of the company’s stock worth $209,383,000 after purchasing an additional 389,718 shares during the period. 97.40% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of Dollar Tree from $144.00 to $152.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. Piper Sandler reduced their target price on shares of Dollar Tree from $171.00 to $168.00 and set an “overweight” rating on the stock in a research note on Thursday, March 14th. Guggenheim lifted their target price on shares of Dollar Tree from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, March 5th. Wells Fargo & Company lifted their target price on shares of Dollar Tree from $160.00 to $180.00 and gave the stock an “overweight” rating in a research note on Monday, March 4th. Finally, StockNews.com upgraded shares of Dollar Tree from a “sell” rating to a “hold” rating in a research report on Wednesday, March 27th. One equities research 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 MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $150.05.

Dollar Tree Stock Down 0.1 %

Shares of DLTR stock traded down $0.17 during trading on Wednesday, reaching $122.39. The company’s stock had a trading volume of 1,738,308 shares, compared to its average volume of 2,782,645. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.31 and a quick ratio of 0.22. The company has a market capitalization of $26.68 billion, a price-to-earnings ratio of -26.49, a P/E/G ratio of 1.15 and a beta of 0.90. The stock’s 50-day moving average price is $134.95 and its 200 day moving average price is $128.86. Dollar Tree, Inc. has a 1-year low of $102.77 and a 1-year high of $161.10.

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). Dollar Tree had a positive return on equity of 15.11% and a negative net margin of 3.26%. The firm had revenue of $8.63 billion during the quarter, compared to analysts’ expectations of $8.66 billion. During the same quarter in the prior year, the firm earned $2.04 EPS. The firm’s revenue was up 11.9% compared to the same quarter last year. On average, research analysts anticipate that Dollar Tree, Inc. will post 6.91 EPS for the current year.

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.