London Co. of Virginia Sells 45,221 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

London Co. of Virginia decreased its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 2.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,967,350 shares of the company’s stock after selling 45,221 shares during the period. London Co. of Virginia’s holdings in Dollar Tree were worth $147,433,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in DLTR. Principal Financial Group Inc. raised its stake in shares of Dollar Tree by 0.6% in the 3rd quarter. Principal Financial Group Inc. now owns 232,455 shares of the company’s stock valued at $16,346,000 after buying an additional 1,485 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of Dollar Tree by 7.0% in the 4th quarter. Nordea Investment Management AB now owns 19,507 shares of the company’s stock valued at $1,463,000 after buying an additional 1,277 shares in the last quarter. Czech National Bank raised its stake in shares of Dollar Tree by 6.5% in the 4th quarter. Czech National Bank now owns 43,818 shares of the company’s stock valued at $3,284,000 after buying an additional 2,659 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Dollar Tree by 1.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 706,838 shares of the company’s stock valued at $52,970,000 after buying an additional 12,888 shares in the last quarter. Finally, St. Louis Financial Planners Asset Management LLC acquired a new position in shares of Dollar Tree in the 4th quarter valued at $1,296,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Wells Fargo & Company increased their price objective on shares of Dollar Tree from $85.00 to $90.00 and gave the company an “overweight” rating in a research note on Tuesday, April 1st. Loop Capital reiterated a “hold” rating on shares of Dollar Tree in a research report on Thursday, March 27th. Telsey Advisory Group increased their target price on shares of Dollar Tree from $75.00 to $82.00 and gave the stock a “market perform” rating in a research report on Thursday, March 27th. Sanford C. Bernstein set a $82.00 target price on shares of Dollar Tree and gave the stock a “market perform” rating in a research report on Monday, May 5th. Finally, Guggenheim reiterated a “buy” rating and set a $100.00 target price (up previously from $95.00) on shares of Dollar Tree in a research report on Monday, May 5th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Dollar Tree presently has a consensus rating of “Hold” and an average target price of $82.68.

Dollar Tree Stock Up 0.2%

Shares of NASDAQ:DLTR opened at $85.51 on Monday. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $123.17. The company’s 50-day moving average price is $73.91 and its two-hundred day moving average price is $71.97. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. The firm has a market cap of $18.39 billion, a P/E ratio of -17.93, a P/E/G ratio of 2.16 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.20 by ($0.09). The business had revenue of $5 billion during the quarter, compared to the consensus estimate of $8.23 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period last year, the business posted $2.55 EPS. As a group, research analysts forecast that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Insider Activity

In other Dollar Tree news, Director William W. Douglas III bought 701 shares of Dollar Tree stock in a transaction dated Wednesday, April 2nd. The shares were bought at an average price of $75.00 per share, with a total value of $52,575.00. Following the purchase, the director now owns 1,377 shares of the company’s stock, valued at $103,275. This trade represents a 103.70% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Aditya Maheshwari sold 1,238 shares of the firm’s stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $74.70, for a total transaction of $92,478.60. Following the completion of 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 disclosure for this sale can be found here. Insiders own 6.80% of the company’s stock.

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.