Meritage Group LP Sells 11,735 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Meritage Group LP lowered its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 3.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 313,506 shares of the company’s stock after selling 11,735 shares during the period. Dollar Tree accounts for approximately 0.6% of Meritage Group LP’s holdings, making the stock its 20th biggest holding. Meritage Group LP owned 0.15% of Dollar Tree worth $23,494,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Assetmark Inc. raised its position in shares of Dollar Tree by 74.1% in the 4th quarter. Assetmark Inc. now owns 350 shares of the company’s stock worth $26,000 after acquiring an additional 149 shares in the last quarter. Bessemer Group Inc. raised its holdings in Dollar Tree by 34,600.0% in the fourth quarter. Bessemer Group Inc. now owns 347 shares of the company’s stock worth $26,000 after purchasing an additional 346 shares in the last quarter. Versant Capital Management Inc purchased a new position in Dollar Tree during the fourth quarter valued at $30,000. Parkside Financial Bank & Trust boosted its holdings in shares of Dollar Tree by 120.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 424 shares of the company’s stock valued at $32,000 after buying an additional 232 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Dollar Tree by 91.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock valued at $33,000 after buying an additional 210 shares in the last quarter. Institutional investors own 97.40% of the company’s stock.

Dollar Tree Stock Performance

Shares of DLTR opened at $79.14 on Friday. The business has a 50-day simple moving average of $71.05 and a two-hundred day simple moving average of $70.45. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. Dollar Tree, Inc. has a 52 week low of $60.49 and a 52 week high of $123.41. The stock has a market cap of $17.02 billion, a price-to-earnings ratio of -16.59, a PEG ratio of 2.16 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.20 by ($0.09). Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The firm had revenue of $5 billion during the quarter, compared to analysts’ expectations of $8.23 billion. During the same period in the prior year, the company posted $2.55 earnings per share. The company’s revenue was up .7% compared to the same quarter last year. On average, analysts expect that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DLTR. Citigroup raised Dollar Tree from a “neutral” rating to a “buy” rating and raised their price objective for the company from $76.00 to $103.00 in a research report on Monday, April 7th. Wells Fargo & Company lifted their price target on Dollar Tree from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 1st. JPMorgan Chase & Co. cut their price objective on shares of Dollar Tree from $88.00 to $78.00 and set a “neutral” rating on the stock in a research report on Thursday, March 27th. Evercore ISI lifted their target price on shares of Dollar Tree from $79.00 to $85.00 and gave the stock an “in-line” rating in a report on Thursday, March 27th. Finally, Truist Financial set a $84.00 target price on shares of Dollar Tree in a research note on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Dollar Tree has an average rating of “Hold” and a consensus target price of $81.84.

Insider Buying and Selling

In other news, CAO Aditya Maheshwari sold 1,238 shares of Dollar Tree stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $74.70, for a total transaction of $92,478.60. Following the sale, the chief accounting officer now owns 4,231 shares in the company, valued at $316,055.70. This trade represents a 22.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director William W. Douglas III bought 701 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were bought at an average cost of $75.00 per share, with a total value of $52,575.00. Following the completion of the purchase, the director now directly owns 1,377 shares of the company’s stock, valued at $103,275. This represents a 103.70 % increase in their position. The disclosure for this purchase can be found here. 6.80% of the stock is currently owned by insiders.

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.