Schroder Investment Management Group Reduces Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Schroder Investment Management Group trimmed its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 29.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,898 shares of the company’s stock after selling 7,011 shares during the quarter. Schroder Investment Management Group’s holdings in Dollar Tree were worth $1,263,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in DLTR. Assetmark Inc. lifted its position in Dollar Tree by 74.1% during the fourth quarter. Assetmark Inc. now owns 350 shares of the company’s stock worth $26,000 after buying an additional 149 shares in the last quarter. Deseret Mutual Benefit Administrators increased its stake in shares of Dollar Tree by 20.9% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 907 shares of the company’s stock worth $68,000 after acquiring an additional 157 shares during the last quarter. Checchi Capital Advisers LLC raised its holdings in shares of Dollar Tree by 5.6% during the 4th quarter. Checchi Capital Advisers LLC now owns 3,390 shares of the company’s stock worth $254,000 after acquiring an additional 180 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in shares of Dollar Tree by 91.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock valued at $33,000 after acquiring an additional 210 shares during the last quarter. Finally, Metis Global Partners LLC grew its holdings in shares of Dollar Tree by 3.4% in the fourth quarter. Metis Global Partners LLC now owns 6,773 shares of the company’s stock valued at $508,000 after purchasing an additional 220 shares during the period. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Dollar Tree news, Director William W. Douglas III purchased 701 shares of the business’s stock in a transaction on Wednesday, April 2nd. The shares were bought at an average cost of $75.00 per share, for a total transaction of $52,575.00. Following the completion of the purchase, the director now directly owns 1,377 shares in the company, valued at approximately $103,275. This represents a 103.70 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 6.80% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on DLTR. Guggenheim decreased their target price on shares of Dollar Tree from $100.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, March 28th. Evercore ISI increased their price objective on Dollar Tree from $79.00 to $85.00 and gave the stock an “in-line” rating in a research report on Thursday, March 27th. UBS Group reduced their target price on Dollar Tree from $105.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday, March 21st. JPMorgan Chase & Co. lowered their price target on Dollar Tree from $88.00 to $78.00 and set a “neutral” rating for the company in a report on Thursday, March 27th. Finally, Wells Fargo & Company boosted their price objective on shares of Dollar Tree from $85.00 to $90.00 and gave the company an “overweight” rating in a report on Tuesday, April 1st. Fifteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $81.00.

Dollar Tree Price Performance

Shares of NASDAQ DLTR opened at $67.55 on Monday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. The company has a market cap of $14.53 billion, a price-to-earnings ratio of -14.16, a price-to-earnings-growth ratio of 2.16 and a beta of 0.87. The stock’s 50-day moving average is $71.19 and its two-hundred day moving average is $70.30. Dollar Tree, Inc. has a 1-year low of $60.49 and a 1-year high of $131.42.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $5 billion for the quarter, compared to analysts’ expectations of $8.23 billion. During the same quarter in the previous year, the company posted $2.55 earnings per share. The firm’s quarterly revenue was up .7% on a year-over-year basis. 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.