Allspring Global Investments Holdings LLC Sells 417 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Allspring Global Investments Holdings LLC decreased its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 3.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 10,538 shares of the company’s stock after selling 417 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Dollar Tree were worth $1,497,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of DLTR. Ameriprise Financial Inc. grew its position in Dollar Tree by 139.4% in the third quarter. Ameriprise Financial Inc. now owns 1,260,780 shares of the company’s stock valued at $134,202,000 after acquiring an additional 734,229 shares during the last quarter. Mondrian Investment Partners LTD grew its holdings in shares of Dollar Tree by 358.8% during the 3rd quarter. Mondrian Investment Partners LTD now owns 828,322 shares of the company’s stock valued at $88,175,000 after purchasing an additional 647,800 shares during the last quarter. Toronto Dominion Bank increased its position in Dollar Tree by 137.5% during the 3rd quarter. Toronto Dominion Bank now owns 1,100,981 shares of the company’s stock worth $117,199,000 after purchasing an additional 637,357 shares in the last quarter. Invesco Ltd. lifted its stake in Dollar Tree by 24.7% in the 3rd quarter. Invesco Ltd. now owns 1,966,962 shares of the company’s stock valued at $209,383,000 after purchasing an additional 389,718 shares during the last quarter. Finally, Palestra Capital Management LLC acquired a new stake in Dollar Tree in the third quarter valued at approximately $23,813,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

Dollar Tree Stock Down 0.3 %

Shares of NASDAQ:DLTR opened at $121.69 on Tuesday. The business’s 50-day moving average is $135.65 and its 200-day moving average is $128.79. Dollar Tree, Inc. has a 1 year low of $102.77 and a 1 year high of $161.10. The company has a market capitalization of $26.53 billion, a price-to-earnings ratio of -26.34, a P/E/G ratio of 1.15 and a beta of 0.90. 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 (NASDAQ:DLTR) last posted its quarterly earnings results on Wednesday, March 13th. The company reported $2.55 earnings per share (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 business had revenue of $8.63 billion for the quarter, compared to the consensus estimate of $8.66 billion. During the same quarter in the previous year, the company posted $2.04 earnings per share. Dollar Tree’s quarterly revenue was up 11.9% on a year-over-year basis. Equities research analysts predict that Dollar Tree, Inc. will post 6.91 earnings per share for the current year.

Insider Buying and Selling at Dollar Tree

In related news, CFO Jeffrey A. Davis acquired 1,800 shares of the business’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 transaction, the chief financial officer now directly owns 19,047 shares of the company’s stock, valued at $2,590,392. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Dollar Tree news, Director Daniel J. Heinrich purchased 1,000 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was acquired at an average price of $127.85 per share, for a total transaction of $127,850.00. Following the purchase, the director now owns 6,225 shares of the company’s stock, valued at approximately $795,866.25. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jeffrey A. Davis acquired 1,800 shares of the company’s stock in a transaction on Monday, April 1st. The stock was acquired at an average cost of $136.00 per share, for a total transaction of $244,800.00. Following the completion of the purchase, the chief financial officer now directly owns 19,047 shares of the company’s stock, valued at approximately $2,590,392. The disclosure for this purchase can be found here. Insiders own 6.00% of the company’s stock.

Analyst Upgrades and Downgrades

DLTR has been the subject of several research analyst reports. StockNews.com upgraded Dollar Tree from a “sell” rating to a “hold” rating in a research note on Wednesday, March 27th. Piper Sandler cut their price target on Dollar Tree from $171.00 to $168.00 and set an “overweight” rating on the stock in a research note on Thursday, March 14th. Guggenheim upped their price objective on Dollar Tree from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. TheStreet downgraded shares of Dollar Tree from a “b-” rating to a “c” rating in a research report on Wednesday, March 13th. Finally, Gordon Haskett downgraded shares of Dollar Tree from a “buy” rating to a “hold” rating and dropped their price target for the company from $150.00 to $140.00 in a research note on Wednesday, April 3rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $150.05.

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.