Jump Financial LLC Lowers Stock Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Jump Financial LLC trimmed its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 97.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,244 shares of the company’s stock after selling 341,169 shares during the quarter. Jump Financial LLC’s holdings in Dollar Tree were worth $693,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Dollar Tree by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 23,450,228 shares of the company’s stock valued at $1,757,360,000 after acquiring an additional 163,368 shares during the period. Geode Capital Management LLC grew its stake in Dollar Tree by 4.5% in the fourth quarter. Geode Capital Management LLC now owns 5,109,852 shares of the company’s stock valued at $381,964,000 after purchasing an additional 222,352 shares during the last quarter. Primecap Management Co. CA raised its holdings in Dollar Tree by 31.3% in the fourth quarter. Primecap Management Co. CA now owns 3,978,425 shares of the company’s stock worth $298,143,000 after purchasing an additional 947,580 shares in the last quarter. Norges Bank purchased a new stake in shares of Dollar Tree during the fourth quarter valued at about $171,149,000. Finally, Madison Investment Advisors LLC bought a new stake in shares of Dollar Tree in the 4th quarter valued at about $113,315,000. Institutional investors own 97.40% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on DLTR. Loop Capital reissued a “hold” rating on shares of Dollar Tree in a research report on Thursday, March 27th. JPMorgan Chase & Co. lowered their price objective on Dollar Tree from $88.00 to $78.00 and set a “neutral” rating for the company in a research report on Thursday, March 27th. Guggenheim reduced their target price on Dollar Tree from $100.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday, March 28th. Citigroup raised Dollar Tree from a “neutral” rating to a “buy” rating and raised their price target for the stock from $76.00 to $103.00 in a report on Monday, April 7th. Finally, Truist Financial set a $84.00 price objective on shares of Dollar Tree in a report on Thursday, March 27th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $81.84.

Dollar Tree Price Performance

NASDAQ:DLTR opened at $82.16 on Wednesday. The firm’s fifty day moving average is $71.41 and its two-hundred day moving average is $70.61. The firm has a market cap of $17.67 billion, a price-to-earnings ratio of -17.22, a PEG ratio of 2.16 and a beta of 0.87. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. Dollar Tree, Inc. has a one year low of $60.49 and a one year high of $123.17.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Wednesday, March 26th. The company reported $2.11 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $5 billion during the quarter, compared to analysts’ expectations of $8.23 billion. During the same quarter in the previous year, the company earned $2.55 EPS. The firm’s quarterly revenue was up .7% compared to the same quarter last year. Research analysts expect that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Insider Transactions at Dollar Tree

In other Dollar Tree news, CAO Aditya Maheshwari sold 1,238 shares of the firm’s stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $74.70, for a total value of $92,478.60. Following the sale, the chief accounting officer now directly owns 4,231 shares of the company’s stock, valued at approximately $316,055.70. This trade represents a 22.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William W. Douglas III bought 701 shares of Dollar Tree stock in a transaction dated Wednesday, April 2nd. The shares were acquired 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 owns 1,377 shares in the company, valued at approximately $103,275. This trade represents a 103.70 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 6.80% of the company’s stock.

Dollar Tree 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.