American Century Companies Inc. Buys 124,021 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

American Century Companies Inc. raised its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 6.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,003,910 shares of the company’s stock after purchasing an additional 124,021 shares during the period. American Century Companies Inc. owned 0.93% of Dollar Tree worth $213,958,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in DLTR. Private Advisor Group LLC lifted its position in Dollar Tree by 29.6% during the 4th quarter. Private Advisor Group LLC now owns 7,780 shares of the company’s stock valued at $1,079,000 after purchasing an additional 1,775 shares during the period. NBC Securities Inc. lifted its position in Dollar Tree by 7.1% during the 4th quarter. NBC Securities Inc. now owns 1,150 shares of the company’s stock valued at $163,000 after purchasing an additional 76 shares during the period. Ieq Capital LLC lifted its position in Dollar Tree by 26.9% during the 4th quarter. Ieq Capital LLC now owns 5,192 shares of the company’s stock valued at $738,000 after purchasing an additional 1,102 shares during the period. Avantax Advisory Services Inc. acquired a new position in Dollar Tree during the 4th quarter valued at about $229,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Dollar Tree by 5.2% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 216,888 shares of the company’s stock valued at $29,653,000 after purchasing an additional 10,663 shares during the period. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Dollar Tree

In other news, insider Robert Aflatooni sold 827 shares of the firm’s stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $105.58, for a total transaction of $87,314.66. Following the completion of the transaction, the insider now directly owns 9,725 shares of the company’s stock, valued at approximately $1,026,765.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Dollar Tree news, Director Daniel J. Heinrich purchased 2,200 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was bought at an average cost of $68.27 per share, with a total value of $150,194.00. Following the purchase, the director now directly owns 9,823 shares of the company’s stock, valued at $670,616.21. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Robert Aflatooni sold 827 shares of the firm’s stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $105.58, for a total transaction of $87,314.66. Following the transaction, the insider now directly owns 9,725 shares of the company’s stock, valued at $1,026,765.50. The disclosure for this sale can be found here. Company insiders own 6.80% of the company’s stock.

Dollar Tree Price Performance

NASDAQ DLTR opened at $67.89 on Friday. The business has a 50 day simple moving average of $94.67 and a 200 day simple moving average of $112.97. Dollar Tree, Inc. has a 52-week low of $60.81 and a 52-week high of $151.21. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.17 and a current ratio of 1.02. The stock has a market cap of $14.59 billion, a price-to-earnings ratio of -14.79, a PEG ratio of 2.81 and a beta of 0.88.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.37). The business had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.49 billion. Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. Dollar Tree’s revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.91 earnings per share. Analysts anticipate that Dollar Tree, Inc. will post 5.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on DLTR. Piper Sandler cut their target price on shares of Dollar Tree from $112.00 to $67.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. BMO Capital Markets downgraded shares of Dollar Tree from an “outperform” rating to a “market perform” rating and cut their price target for the company from $130.00 to $68.00 in a research report on Thursday, September 5th. Barclays cut their price target on shares of Dollar Tree from $128.00 to $81.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 5th. The Goldman Sachs Group cut their price target on shares of Dollar Tree from $145.00 to $90.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Citigroup cut their price target on shares of Dollar Tree from $120.00 to $64.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $92.53.

About Dollar Tree

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.