Dollar Tree, Inc. (NASDAQ:DLTR) Shares Sold by iA Global Asset Management Inc.

iA Global Asset Management Inc. decreased its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 7.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,759 shares of the company’s stock after selling 1,888 shares during the period. iA Global Asset Management Inc.’s holdings in Dollar Tree were worth $3,297,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Comerica Bank raised its holdings in Dollar Tree by 1.3% during the first quarter. Comerica Bank now owns 63,323 shares of the company’s stock worth $8,432,000 after purchasing an additional 802 shares in the last quarter. Ironvine Capital Partners LLC increased its holdings in Dollar Tree by 2.4% in the first quarter. Ironvine Capital Partners LLC now owns 287,043 shares of the company’s stock valued at $38,220,000 after buying an additional 6,631 shares in the last quarter. Mount Yale Investment Advisors LLC increased its holdings in Dollar Tree by 4.9% in the first quarter. Mount Yale Investment Advisors LLC now owns 1,985 shares of the company’s stock valued at $264,000 after buying an additional 93 shares in the last quarter. Estuary Capital Management LP increased its holdings in Dollar Tree by 88.9% in the first quarter. Estuary Capital Management LP now owns 204,087 shares of the company’s stock valued at $27,174,000 after buying an additional 96,037 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its holdings in Dollar Tree by 6.7% in the first quarter. Public Employees Retirement System of Ohio now owns 94,647 shares of the company’s stock valued at $12,602,000 after buying an additional 5,913 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Dollar Tree Stock Performance

Shares of NASDAQ:DLTR traded down $0.29 during trading on Friday, reaching $99.46. 1,879,813 shares of the company’s stock traded hands, compared to its average volume of 2,760,772. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.28 and a quick ratio of 0.23. Dollar Tree, Inc. has a 12 month low of $98.36 and a 12 month high of $152.46. The company has a 50 day moving average of $108.04 and a 200-day moving average of $123.33. The stock has a market capitalization of $21.38 billion, a P/E ratio of -21.50, a price-to-earnings-growth ratio of 1.12 and a beta of 0.88.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Wednesday, June 5th. The company reported $1.43 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.43. Dollar Tree had a negative net margin of 3.23% and a positive return on equity of 15.67%. The business had revenue of $7.63 billion during the quarter, compared to the consensus estimate of $7.63 billion. During the same quarter in the prior year, the firm earned $1.47 EPS. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, equities analysts expect that Dollar Tree, Inc. will post 6.63 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on DLTR shares. Evercore ISI increased their target price on shares of Dollar Tree from $136.00 to $137.00 and gave the company an “in-line” rating in a report on Thursday, June 20th. JPMorgan Chase & Co. raised their target price on shares of Dollar Tree from $135.00 to $148.00 and gave the stock an “overweight” rating in a research report on Thursday, July 18th. Morgan Stanley decreased their price target on shares of Dollar Tree from $135.00 to $130.00 and set an “equal weight” rating on the stock in a report on Thursday, June 6th. Piper Sandler lowered shares of Dollar Tree from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $143.00 to $112.00 in a report on Tuesday, July 16th. Finally, Citigroup downgraded shares of Dollar Tree from a “buy” rating to a “neutral” rating and cut their target price for the company from $163.00 to $120.00 in a research note on Thursday, June 6th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $141.55.

Insider Activity at Dollar Tree

In other Dollar Tree news, insider Robert Aflatooni sold 827 shares of the company’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $105.58, for a total value of $87,314.66. Following the completion of the transaction, the insider now owns 9,725 shares in the company, valued at approximately $1,026,765.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 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.