Bank of New York Mellon Corp trimmed its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 1.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,492,517 shares of the company's stock after selling 27,382 shares during the period. Bank of New York Mellon Corp owned about 0.69% of Dollar Tree worth $159,356,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Capital International Investors increased its holdings in Dollar Tree by 30.1% in the 4th quarter. Capital International Investors now owns 10,581,632 shares of the company's stock worth $1,503,123,000 after acquiring an additional 2,445,827 shares during the last quarter. Norges Bank purchased a new stake in Dollar Tree in the 4th quarter worth about $333,373,000. FIL Ltd increased its holdings in Dollar Tree by 96.0% in the 4th quarter. FIL Ltd now owns 3,197,638 shares of the company's stock worth $454,224,000 after acquiring an additional 1,566,392 shares during the last quarter. National Bank of Canada FI increased its holdings in Dollar Tree by 223.4% in the 1st quarter. National Bank of Canada FI now owns 1,414,788 shares of the company's stock worth $188,379,000 after acquiring an additional 977,313 shares during the last quarter. Finally, Mizuho Markets Americas LLC purchased a new position in Dollar Tree during the 1st quarter valued at about $99,862,000. 97.40% of the stock is currently owned by institutional investors.
Insider Activity
In related news, insider Robert Aflatooni sold 827 shares of Dollar Tree stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $105.58, for a total value of $87,314.66. Following the completion of the sale, the insider now directly owns 9,725 shares in the company, valued at approximately $1,026,765.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 6.80% of the company's stock.
Wall Street Analysts Forecast Growth
DLTR has been the topic of several research analyst reports. KeyCorp upgraded shares of Dollar Tree from a "sector weight" rating to an "overweight" rating and set a $150.00 price objective on the stock in a research report on Wednesday, May 1st. 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. Telsey Advisory Group reduced their price target on shares of Dollar Tree from $160.00 to $155.00 and set an "outperform" rating on the stock in a research report on Thursday, June 6th. Truist Financial reduced their price target on shares of Dollar Tree from $147.00 to $140.00 and set a "buy" rating on the stock in a research report on Thursday, June 6th. Finally, Evercore ISI increased their price target on shares of Dollar Tree from $136.00 to $137.00 and gave the company an "in-line" rating in a research report on Thursday, June 20th. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $139.50.
Check Out Our Latest Report on Dollar Tree
Dollar Tree Stock Down 1.2 %
Dollar Tree stock traded down $1.15 on Tuesday, hitting $95.40. 3,161,488 shares of the stock traded hands, compared to its average volume of 2,720,237. The company has a current ratio of 1.28, a quick ratio of 0.23 and a debt-to-equity ratio of 0.47. The firm has a market cap of $20.51 billion, a P/E ratio of -20.78, a price-to-earnings-growth ratio of 1.07 and a beta of 0.88. The business's fifty day simple moving average is $102.51 and its 200 day simple moving average is $118.66. Dollar Tree, Inc. has a 1 year low of $91.40 and a 1 year high of $151.21.
Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its quarterly earnings data 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 positive return on equity of 15.67% and a negative net margin of 3.23%. The company's revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.47 earnings per share. As a group, sell-side analysts forecast that Dollar Tree, Inc. will post 6.63 earnings per share for the current year.
Dollar Tree Profile
(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.
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