Handelsbanken Fonder AB Trims Stake in Dollar Tree, Inc. (NASDAQ:DLTR)

Handelsbanken Fonder AB cut its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 33.0% in the 4th quarter, according to its most recent disclosure with the 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 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DLTR. AE Wealth Management LLC grew its position in Dollar Tree by 7.7% in the third quarter. AE Wealth Management LLC now owns 10,782 shares of the company’s stock worth $1,148,000 after acquiring an additional 769 shares in the last quarter. DAVENPORT & Co LLC grew its position in Dollar Tree by 1.7% in the third quarter. DAVENPORT & Co LLC now owns 12,256 shares of the company’s stock worth $1,305,000 after acquiring an additional 205 shares in the last quarter. Oak Thistle LLC purchased a new position in Dollar Tree in the third quarter worth $750,000. Norris Perne & French LLP MI lifted its stake in Dollar Tree by 41.2% in the third quarter. Norris Perne & French LLP MI now owns 131,276 shares of the company’s stock worth $13,974,000 after purchasing an additional 38,289 shares during the last quarter. Finally, Czech National Bank lifted its stake in Dollar Tree by 48.7% in the third quarter. Czech National Bank now owns 36,592 shares of the company’s stock worth $3,895,000 after purchasing an additional 11,978 shares during the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Dollar Tree

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

Dollar Tree Price Performance

Shares of NASDAQ DLTR opened at $122.39 on Thursday. Dollar Tree, Inc. has a 1 year low of $102.77 and a 1 year high of $161.10. 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’s 50-day moving average is $134.95 and its 200 day moving average is $128.86. The stock has a market capitalization of $26.68 billion, a P/E ratio of -26.49, a P/E/G ratio of 1.15 and a beta of 0.90.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Wednesday, March 13th. The company reported $2.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.67 by ($0.12). Dollar Tree had a negative net margin of 3.26% and a positive return on equity of 15.11%. The company had revenue of $8.63 billion for the quarter, compared to analysts’ expectations of $8.66 billion. During the same quarter in the prior year, the firm earned $2.04 EPS. Dollar Tree’s quarterly revenue was up 11.9% compared to the same quarter last year. On average, sell-side analysts expect that Dollar Tree, Inc. will post 6.91 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on DLTR shares. 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 research note on Thursday, March 14th. JPMorgan Chase & Co. boosted their price target 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. Loop Capital lowered their price target on shares of Dollar Tree from $195.00 to $170.00 and set a “buy” rating for the company in a research note on Thursday, March 14th. 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 research note on Thursday, March 14th. Finally, Wells Fargo & Company boosted their price target 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. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $150.05.

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.