ProShare Advisors LLC Sells 11,372 Shares of Dollar Tree, Inc. $DLTR

ProShare Advisors LLC lessened its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 23.6% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 36,899 shares of the company’s stock after selling 11,372 shares during the period. ProShare Advisors LLC’s holdings in Dollar Tree were worth $4,539,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Root Financial Partners LLC bought a new stake in Dollar Tree during the third quarter valued at about $29,000. YANKCOM Partnership bought a new position in shares of Dollar Tree in the fourth quarter worth about $31,000. Elyxium Wealth LLC bought a new position in shares of Dollar Tree in the fourth quarter worth about $34,000. FNY Investment Advisers LLC bought a new position in shares of Dollar Tree in the third quarter worth about $37,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Dollar Tree in the fourth quarter worth about $39,000. Institutional investors own 97.40% of the company’s stock.

Dollar Tree Price Performance

NASDAQ:DLTR opened at $94.98 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.29 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $18.50 billion, a P/E ratio of 15.20, a P/E/G ratio of 1.19 and a beta of 0.61. Dollar Tree, Inc. has a 12 month low of $84.71 and a 12 month high of $142.40. The business’s 50-day moving average is $101.51 and its 200 day moving average is $114.03.

Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Monday, March 16th. The company reported $2.56 EPS for the quarter, topping analysts’ consensus estimates of $2.53 by $0.03. The company had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $5.46 billion. Dollar Tree had a return on equity of 32.24% and a net margin of 6.61%.The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the previous year, the business earned $2.11 earnings per share. On average, equities research analysts forecast that Dollar Tree, Inc. will post 6.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DLTR has been the subject of a number of recent analyst reports. Truist Financial dropped their price objective on Dollar Tree from $156.00 to $142.00 and set a “buy” rating for the company in a research note on Monday, March 16th. Bank of America upped their price objective on Dollar Tree from $85.00 to $89.00 and gave the stock an “underperform” rating in a research note on Monday, March 16th. Wall Street Zen lowered Dollar Tree from a “buy” rating to a “hold” rating in a research note on Sunday, April 19th. Guggenheim reaffirmed a “buy” rating and issued a $130.00 price objective on shares of Dollar Tree in a research note on Tuesday, March 17th. Finally, BMO Capital Markets reaffirmed an “underperform” rating on shares of Dollar Tree in a research note on Tuesday, March 17th. Eight investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and six have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $121.57.

Dollar Tree Company Profile

Dollar Tree, Inc is a North American discount retailer that operates a portfolio of value-oriented store banners, primarily Dollar Tree and Family Dollar. The company’s stores offer a broad assortment of everyday items at low price points, including household essentials, food and snacks, health and beauty products, cleaning supplies, seasonal and party goods, home décor, and basic apparel. Dollar Tree’s merchandising strategy emphasizes high-turnover branded and private-label merchandise tailored to budget-conscious consumers, with Family Dollar complementing the chain by offering a wider range of price points and assortment depth in smaller-format neighborhood locations.

Founded in 1986 and headquartered in Chesapeake, Virginia, Dollar Tree has grown through both organic store openings and acquisitions.