Sumitomo Mitsui Trust Holdings Inc. Reduces Stock Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Sumitomo Mitsui Trust Holdings Inc. reduced its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 1.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 518,309 shares of the company’s stock after selling 7,510 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Dollar Tree were worth $73,626,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Louisiana State Employees Retirement System purchased a new stake in shares of Dollar Tree during the 4th quarter valued at about $4,247,000. Simplicity Solutions LLC raised its holdings in shares of Dollar Tree by 24.7% during the 4th quarter. Simplicity Solutions LLC now owns 2,432 shares of the company’s stock valued at $345,000 after buying an additional 481 shares during the period. Byrne Asset Management LLC raised its holdings in shares of Dollar Tree by 74.4% during the 4th quarter. Byrne Asset Management LLC now owns 1,535 shares of the company’s stock valued at $218,000 after buying an additional 655 shares during the period. Live Oak Private Wealth LLC raised its holdings in shares of Dollar Tree by 4.0% during the 4th quarter. Live Oak Private Wealth LLC now owns 98,894 shares of the company’s stock valued at $14,048,000 after buying an additional 3,820 shares during the period. Finally, Clarius Group LLC acquired a new stake in Dollar Tree during the 4th quarter valued at approximately $200,000. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Dollar Tree Trading Down 0.2 %

NASDAQ:DLTR opened at $123.75 on Thursday. Dollar Tree, Inc. has a 12-month low of $102.77 and a 12-month high of $161.10. The firm has a market capitalization of $26.98 billion, a P/E ratio of -26.79, a P/E/G ratio of 1.18 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. The business has a 50 day simple moving average of $136.79 and a 200 day simple moving average of $128.26.

Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Wednesday, March 13th. The company reported $2.55 earnings per share for the quarter, missing the consensus estimate of $2.67 by ($0.12). The business had revenue of $8.63 billion for the quarter, compared to the consensus estimate of $8.66 billion. Dollar Tree had a negative net margin of 3.26% and a positive return on equity of 15.11%. The firm’s revenue was up 11.9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.04 EPS. Equities research analysts predict that Dollar Tree, Inc. will post 6.91 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on DLTR shares. StockNews.com upgraded Dollar Tree from a “sell” rating to a “hold” rating in a research note on Wednesday, March 27th. JPMorgan Chase & Co. raised their price objective on Dollar Tree from $144.00 to $152.00 and gave the company an “overweight” rating in a research note on Monday. Telsey Advisory Group restated an “outperform” rating and set a $160.00 price objective on shares of Dollar Tree in a research note on Thursday, March 14th. Oppenheimer restated a “market perform” rating on shares of Dollar Tree in a research note on Monday, March 4th. Finally, Truist Financial lowered their price objective on Dollar Tree from $149.00 to $147.00 and set a “buy” rating for the company in a research note on Thursday, March 14th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $150.05.

Insider Buying and Selling at Dollar Tree

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

Dollar Tree 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.