Ironvine Capital Partners LLC Lowers Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Ironvine Capital Partners LLC lessened its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 28.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 83,531 shares of the company’s stock after selling 32,651 shares during the quarter. Dollar Tree comprises 0.7% of Ironvine Capital Partners LLC’s investment portfolio, making the stock its 28th largest position. Ironvine Capital Partners LLC’s holdings in Dollar Tree were worth $6,260,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Empower Advisory Group LLC boosted its position in Dollar Tree by 15.3% during the fourth quarter. Empower Advisory Group LLC now owns 760,423 shares of the company’s stock valued at $56,986,000 after buying an additional 100,676 shares during the period. Pzena Investment Management LLC purchased a new stake in Dollar Tree in the fourth quarter worth about $520,000. Strategic Wealth Investment Group LLC bought a new stake in shares of Dollar Tree during the fourth quarter valued at approximately $448,000. Intrepid Capital Management Inc. boosted its holdings in shares of Dollar Tree by 103.6% during the 4th quarter. Intrepid Capital Management Inc. now owns 27,026 shares of the company’s stock valued at $2,025,000 after buying an additional 13,751 shares in the last quarter. Finally, Alberta Investment Management Corp boosted its stake in Dollar Tree by 253.2% during the fourth quarter. Alberta Investment Management Corp now owns 93,600 shares of the company’s stock worth $7,014,000 after acquiring an additional 67,100 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Dollar Tree news, CAO Aditya Maheshwari sold 1,238 shares of the firm’s stock in a transaction on Monday, April 14th. The stock was sold at an average price of $74.70, for a total transaction of $92,478.60. Following the transaction, the chief accounting officer now directly owns 4,231 shares in the company, valued at $316,055.70. This trade represents a 22.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director William W. Douglas III acquired 701 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was purchased at an average price of $75.00 per share, with a total value of $52,575.00. Following the completion of the acquisition, the director now directly owns 1,377 shares of the company’s stock, valued at $103,275. This represents a 103.70 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 6.80% of the stock is owned by corporate insiders.

Dollar Tree Stock Up 3.2 %

Shares of NASDAQ:DLTR opened at $82.16 on Wednesday. The company has a 50-day moving average price of $71.41 and a 200 day moving average price of $70.61. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $123.17. The company has a market cap of $17.67 billion, a price-to-earnings ratio of -17.22, a PEG ratio of 2.16 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data 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 negative net margin of 3.34% and a positive return on equity of 16.89%. The firm had revenue of $5 billion for the quarter, compared to the consensus estimate of $8.23 billion. During the same quarter last year, the firm earned $2.55 EPS. The company’s revenue was up .7% on a year-over-year basis. As a group, equities research analysts predict that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

DLTR has been the subject of a number of recent research reports. Guggenheim cut their target price on Dollar Tree from $100.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, March 28th. JPMorgan Chase & Co. dropped their target price on shares of Dollar Tree from $88.00 to $78.00 and set a “neutral” rating on the stock in a report on Thursday, March 27th. UBS Group cut their price target on Dollar Tree from $105.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, March 21st. 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 research report on Tuesday, April 1st. Finally, Truist Financial set a $84.00 target price on shares of Dollar Tree in a report on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Dollar Tree presently has an average rating of “Hold” and an average price target of $81.84.

Dollar Tree Company Profile

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.