Massachusetts Financial Services Co. MA Reduces Stock Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Massachusetts Financial Services Co. MA cut its holdings in Dollar Tree, Inc. (NASDAQ:DLTRFree Report) by 0.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 154,480 shares of the company’s stock after selling 1,358 shares during the period. Massachusetts Financial Services Co. MA owned 0.07% of Dollar Tree worth $21,944,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of DLTR. International Assets Investment Management LLC purchased a new position in shares of Dollar Tree in the fourth quarter valued at $15,638,000. DAVENPORT & Co LLC boosted its stake in Dollar Tree by 155.2% in the 4th quarter. DAVENPORT & Co LLC now owns 31,275 shares of the company’s stock worth $4,443,000 after purchasing an additional 19,019 shares during the period. Illinois Municipal Retirement Fund grew its holdings in Dollar Tree by 52.0% during the 4th quarter. Illinois Municipal Retirement Fund now owns 112,540 shares of the company’s stock valued at $15,986,000 after buying an additional 38,517 shares in the last quarter. Private Advisor Group LLC increased its position in shares of Dollar Tree by 29.6% during the fourth quarter. Private Advisor Group LLC now owns 7,780 shares of the company’s stock valued at $1,079,000 after buying an additional 1,775 shares during the period. Finally, Louisiana State Employees Retirement System bought a new stake in shares of Dollar Tree during the fourth quarter valued at about $4,247,000. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Jeffrey A. Davis acquired 1,800 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was bought at an average price of $136.00 per share, with a total value of $244,800.00. Following the completion of the acquisition, the chief financial officer now directly owns 19,047 shares of the company’s stock, valued at approximately $2,590,392. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Dollar Tree news, Director Daniel J. Heinrich purchased 1,000 shares of Dollar Tree stock in a transaction dated Monday, March 18th. The stock was purchased at an average price of $127.85 per share, with a total value of $127,850.00. Following the transaction, the director now directly owns 6,225 shares of the company’s stock, valued at $795,866.25. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Jeffrey A. Davis acquired 1,800 shares of the stock in a transaction dated 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 purchase, the chief financial officer now directly owns 19,047 shares in the company, valued at $2,590,392. The disclosure for this purchase can be found here. Insiders own 6.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of Dollar Tree from $144.00 to $152.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Evercore ISI lowered their price objective on shares of Dollar Tree from $144.00 to $142.00 and set an “in-line” rating for the company in a report on Tuesday, April 16th. BMO Capital Markets decreased their target price on shares of Dollar Tree from $170.00 to $160.00 and set an “outperform” rating on the stock in a research report on Thursday, March 14th. Loop Capital decreased their price target on Dollar Tree from $195.00 to $170.00 and set a “buy” rating on the stock in a research note on Thursday, March 14th. Finally, TheStreet downgraded shares of Dollar Tree from a “b-” rating to a “c” rating in a research note on Wednesday, March 13th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $150.05.

Check Out Our Latest Stock Analysis on Dollar Tree

Dollar Tree Stock Performance

Shares of NASDAQ:DLTR opened at $117.31 on Friday. 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 business has a 50-day simple moving average of $125.93 and a two-hundred day simple moving average of $130.10. Dollar Tree, Inc. has a fifty-two week low of $102.77 and a fifty-two week high of $161.10.

Dollar Tree (NASDAQ:DLTRGet Free Report) last announced its quarterly earnings results on Wednesday, March 13th. The company reported $2.55 EPS for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.12). Dollar Tree had a positive return on equity of 15.11% and a negative net margin of 3.26%. The company had revenue of $8.63 billion during the quarter, compared to the consensus estimate of $8.66 billion. During the same quarter in the prior year, the firm earned $2.04 earnings per share. The business’s revenue was up 11.9% compared to the same quarter last year. Equities research analysts forecast that Dollar Tree, Inc. will post 6.92 EPS for the current fiscal 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.

Further Reading

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Institutional Ownership by Quarter for Dollar Tree (NASDAQ:DLTR)

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