Yousif Capital Management LLC Trims Stock Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Yousif Capital Management LLC lowered its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 16.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,039 shares of the company’s stock after selling 6,040 shares during the period. Yousif Capital Management LLC’s holdings in Dollar Tree were worth $4,409,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. AE Wealth Management LLC lifted its position in Dollar Tree by 7.7% during the third quarter. AE Wealth Management LLC now owns 10,782 shares of the company’s stock valued at $1,148,000 after purchasing an additional 769 shares during the last quarter. DAVENPORT & Co LLC lifted its position in Dollar Tree by 1.7% during the third quarter. DAVENPORT & Co LLC now owns 12,256 shares of the company’s stock valued at $1,305,000 after purchasing an additional 205 shares during the last quarter. Oak Thistle LLC bought a new stake in Dollar Tree during the third quarter valued at approximately $750,000. Czech National Bank lifted its position in Dollar Tree by 48.7% during the third quarter. Czech National Bank now owns 36,592 shares of the company’s stock valued at $3,895,000 after purchasing an additional 11,978 shares during the last quarter. Finally, Handelsbanken Fonder AB lifted its position in Dollar Tree by 1.0% during the third quarter. Handelsbanken Fonder AB now owns 113,084 shares of the company’s stock valued at $12,038,000 after purchasing an additional 1,151 shares during the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Insider Transactions at Dollar Tree

In other Dollar Tree news, CFO Jeffrey A. Davis bought 1,800 shares of Dollar Tree stock in a transaction dated Monday, April 1st. The shares were purchased at an average cost 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Dollar Tree news, CFO Jeffrey A. Davis bought 1,800 shares of Dollar Tree stock in a transaction dated Monday, April 1st. The shares were purchased at an average cost 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Daniel J. Heinrich bought 1,000 shares of Dollar Tree stock in a transaction dated Monday, March 18th. The stock was acquired at an average cost of $127.85 per share, for a total transaction of $127,850.00. Following the completion of the transaction, the director now directly owns 6,225 shares in the company, valued at $795,866.25. The disclosure for this purchase can be found here. Insiders own 6.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Oppenheimer reiterated a “market perform” rating on shares of Dollar Tree in a research report on Monday, March 4th. Evercore ISI dropped their target price on shares of Dollar Tree from $144.00 to $142.00 and set an “in-line” rating for the company in a research report on Tuesday, April 16th. Truist Financial lowered their price objective on shares of Dollar Tree from $149.00 to $147.00 and set a “buy” rating for the company in a report on Thursday, March 14th. Gordon Haskett lowered shares of Dollar Tree from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $150.00 to $140.00 in a report on Wednesday, April 3rd. Finally, Loop Capital lowered their price objective on shares of Dollar Tree from $195.00 to $170.00 and set a “buy” rating for the company in a report on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $150.05.

Dollar Tree Stock Up 0.0 %

Shares of Dollar Tree stock opened at $121.74 on Friday. 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 company’s fifty day simple moving average is $134.11 and its two-hundred day simple moving average is $128.93. Dollar Tree, Inc. has a 12-month low of $102.77 and a 12-month high of $161.10.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data 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). The company had revenue of $8.63 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 11.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.04 earnings per share. As a group, analysts expect that Dollar Tree, Inc. will post 6.91 EPS for the current year.

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.