US Bancorp DE Has $16.07 Million Stock Position in Dollar Tree, Inc. (NASDAQ:DLTR)

US Bancorp DE reduced its stake in Dollar Tree, Inc. (NASDAQ:DLTRFree Report) by 8.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 113,128 shares of the company’s stock after selling 10,953 shares during the period. US Bancorp DE owned approximately 0.05% of Dollar Tree worth $16,070,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of DLTR. Wellington Management Group LLP lifted its holdings in Dollar Tree by 5.1% during the 3rd quarter. Wellington Management Group LLP now owns 2,808,184 shares of the company’s stock valued at $298,931,000 after purchasing an additional 135,826 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Dollar Tree by 15.3% during the fourth quarter. Franklin Resources Inc. now owns 2,565,533 shares of the company’s stock worth $364,434,000 after buying an additional 340,461 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in shares of Dollar Tree by 1.6% in the third quarter. Canada Pension Plan Investment Board now owns 2,385,299 shares of the company’s stock valued at $253,915,000 after acquiring an additional 36,944 shares during the last quarter. Norges Bank acquired a new position in shares of Dollar Tree in the 4th quarter worth approximately $333,373,000. Finally, Northern Trust Corp grew its position in Dollar Tree by 0.8% during the 3rd quarter. Northern Trust Corp now owns 2,218,405 shares of the company’s stock worth $236,149,000 after acquiring an additional 16,813 shares during the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

Dollar Tree Stock Performance

Shares of NASDAQ:DLTR opened at $115.37 on Friday. The company has a market capitalization of $25.18 billion, a price-to-earnings ratio of -24.97, a P/E/G ratio of 1.12 and a beta of 0.92. The firm’s 50 day simple moving average is $123.77 and its 200 day simple moving average is $130.10. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.31 and a quick ratio of 0.22. Dollar Tree, Inc. has a fifty-two week low of $102.77 and a fifty-two week high of $154.96.

Dollar Tree (NASDAQ:DLTRGet Free Report) last posted its earnings results on Wednesday, March 13th. The company reported $2.55 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $8.63 billion during the quarter, compared to analyst estimates of $8.66 billion. During the same quarter last year, the business posted $2.04 earnings per share. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. As a group, sell-side analysts forecast that Dollar Tree, Inc. will post 6.88 earnings per share for the current year.

Wall Street Analysts Forecast Growth

DLTR has been the topic of a number of recent analyst reports. Oppenheimer reissued a “market perform” rating on shares of Dollar Tree in a research note on Monday, March 4th. KeyCorp upgraded shares of Dollar Tree from a “sector weight” rating to an “overweight” rating and set a $150.00 price target on the stock in a research report on Wednesday, May 1st. 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 research report on Tuesday, April 16th. TheStreet downgraded shares of Dollar Tree from a “b-” rating to a “c” rating in a research note on Wednesday, March 13th. Finally, Guggenheim upped their target price on shares of Dollar Tree from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. One 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’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $150.05.

Read Our Latest Stock Analysis on DLTR

Insider Buying and Selling at Dollar Tree

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

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.

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

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