Dollar Tree, Inc. (NASDAQ:DLTR) Shares Sold by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. decreased its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR – Free Report) by 5.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 477,995 shares of the company’s stock after selling 27,373 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned 0.22% of Dollar Tree worth $51,036,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Dorsal Capital Management LP purchased a new position in shares of Dollar Tree during the 4th quarter worth $35,512,000. Wellington Management Group LLP increased its stake in shares of Dollar Tree by 2.6% during the 4th quarter. Wellington Management Group LLP now owns 2,881,772 shares of the company’s stock valued at $409,356,000 after acquiring an additional 73,588 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its holdings in shares of Dollar Tree by 92.6% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 146,614 shares of the company’s stock worth $20,826,000 after acquiring an additional 70,478 shares during the period. Bridgefront Capital LLC boosted its position in shares of Dollar Tree by 62.5% in the fourth quarter. Bridgefront Capital LLC now owns 4,918 shares of the company’s stock worth $699,000 after acquiring an additional 1,892 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in Dollar Tree by 1.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 43,671 shares of the company’s stock valued at $6,203,000 after purchasing an additional 743 shares during the period. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Insider Transactions at Dollar Tree

In related news, insider Robert Aflatooni sold 827 shares of the business’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 completion of the transaction, the insider now owns 9,725 shares in the company, valued at approximately $1,026,765.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 6.80% of the company’s stock.

Dollar Tree Stock Performance

DLTR stock opened at $98.78 on Monday. The stock’s 50 day simple moving average is $103.69 and its 200 day simple moving average is $120.34. Dollar Tree, Inc. has a 12-month low of $91.40 and a 12-month high of $151.21. The firm has a market cap of $21.23 billion, a P/E ratio of -21.52, a P/E/G ratio of 1.07 and a beta of 0.88. The company has a current ratio of 1.28, a quick ratio of 0.23 and a debt-to-equity ratio of 0.47.

Dollar Tree (NASDAQ:DLTR – Get Free Report) last posted its quarterly earnings results on Wednesday, June 5th. The company reported $1.43 EPS for the quarter, meeting the consensus estimate of $1.43. The business had revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.63 billion. Dollar Tree had a negative net margin of 3.23% and a positive return on equity of 15.67%. The company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.47 EPS. As a group, equities research analysts predict that Dollar Tree, Inc. will post 6.63 EPS for the current year.

Analyst Upgrades and Downgrades

DLTR has been the topic of a number of research analyst reports. Wells Fargo & Company decreased their price target on shares of Dollar Tree from $180.00 to $160.00 and set an “overweight” rating on the stock in a report on Thursday, June 6th. JPMorgan Chase & Co. upped their price target on Dollar Tree from $135.00 to $148.00 and gave the stock an “overweight” rating in a research note on Thursday, July 18th. Telsey Advisory Group reduced their price objective on Dollar Tree from $160.00 to $155.00 and set an “outperform” rating on the stock in a research note on Thursday, June 6th. Truist Financial dropped their target price on shares of Dollar Tree from $147.00 to $140.00 and set a “buy” rating for the company in a research report on Thursday, June 6th. Finally, UBS Group reduced their price target on shares of Dollar Tree from $170.00 to $155.00 and set a “buy” rating on the stock in a research report on Friday, June 28th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $141.55.

View Our Latest Report on DLTR

About Dollar Tree

(Free Report)

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.