Dollar Tree, Inc. (NASDAQ:DLTR) Shares Sold by Sei Investments Co.

Sei Investments Co. lessened its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 27.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 170,151 shares of the company’s stock after selling 65,181 shares during the quarter. Sei Investments Co.’s holdings in Dollar Tree were worth $12,751,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Madison Investment Advisors LLC purchased a new stake in Dollar Tree in the fourth quarter valued at $113,315,000. Primecap Management Co. CA lifted its holdings in shares of Dollar Tree by 31.3% in the 4th quarter. Primecap Management Co. CA now owns 3,978,425 shares of the company’s stock valued at $298,143,000 after purchasing an additional 947,580 shares during the last quarter. State Street Corp boosted its position in shares of Dollar Tree by 6.8% in the 3rd quarter. State Street Corp now owns 9,427,910 shares of the company’s stock valued at $662,971,000 after purchasing an additional 596,191 shares during the period. Kovitz Investment Group Partners LLC increased its position in Dollar Tree by 45.9% during the third quarter. Kovitz Investment Group Partners LLC now owns 1,351,632 shares of the company’s stock worth $95,994,000 after buying an additional 425,245 shares during the period. Finally, Natixis Advisors LLC lifted its stake in Dollar Tree by 111.0% in the fourth quarter. Natixis Advisors LLC now owns 650,493 shares of the company’s stock valued at $48,748,000 after buying an additional 342,196 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Citigroup lifted their target price on shares of Dollar Tree from $64.00 to $76.00 and gave the company a “neutral” rating in a report on Thursday, December 5th. Wells Fargo & Company dropped their price objective on shares of Dollar Tree from $100.00 to $85.00 and set an “overweight” rating on the stock in a research note on Friday, March 7th. Truist Financial decreased their target price on shares of Dollar Tree from $83.00 to $76.00 and set a “buy” rating for the company in a research note on Tuesday, March 25th. Telsey Advisory Group boosted their price target on Dollar Tree from $75.00 to $82.00 and gave the company a “market perform” rating in a research report on Thursday. Finally, Guggenheim decreased their price objective on Dollar Tree from $100.00 to $95.00 and set a “buy” rating for the company in a research report on Friday. Sixteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $83.42.

Dollar Tree Price Performance

Shares of NASDAQ DLTR opened at $72.75 on Friday. 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 $137.14. The firm has a market capitalization of $15.65 billion, a P/E ratio of -15.25, a PEG ratio of 2.16 and a beta of 0.91. The company’s fifty day moving average is $71.17 and its two-hundred day moving average is $70.25.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $8.23 billion. During the same quarter in the previous year, the company posted $2.55 earnings per share. The company’s quarterly revenue was up .7% compared to the same quarter last year. Analysts forecast that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

About Dollar Tree

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.