River Road Asset Management LLC Sells 10,791 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

River Road Asset Management LLC decreased its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 6.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 170,205 shares of the company’s stock after selling 10,791 shares during the period. River Road Asset Management LLC’s holdings in Dollar Tree were worth $24,178,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. increased its position in Dollar Tree by 0.3% during the 1st quarter. BlackRock Inc. now owns 16,041,782 shares of the company’s stock valued at $2,302,798,000 after purchasing an additional 50,496 shares during the period. Mantle Ridge LP boosted its stake in shares of Dollar Tree by 11,365,431.0% during the first quarter. Mantle Ridge LP now owns 11,365,531 shares of the company’s stock valued at $1,820,190,000 after purchasing an additional 11,365,431 shares in the last quarter. State Street Corp increased its holdings in Dollar Tree by 8.4% during the first quarter. State Street Corp now owns 8,933,338 shares of the company’s stock valued at $1,282,378,000 after buying an additional 692,658 shares during the period. Morgan Stanley raised its stake in Dollar Tree by 95.9% in the fourth quarter. Morgan Stanley now owns 4,383,897 shares of the company’s stock worth $620,059,000 after buying an additional 2,145,910 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its stake in Dollar Tree by 0.7% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,063,966 shares of the company’s stock worth $574,808,000 after buying an additional 26,903 shares in the last quarter. Institutional investors own 97.40% of the company’s stock.

Dollar Tree Price Performance

DLTR opened at $123.75 on Thursday. The firm has a fifty day moving average price of $136.79 and a 200 day moving average price of $128.26. Dollar Tree, Inc. has a 1 year low of $102.77 and a 1 year high of $161.10. The company has a current ratio of 1.31, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Wednesday, March 13th. The company reported $2.55 earnings per share for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.12). Dollar Tree had a positive return on equity of 15.11% and a negative net margin of 3.26%. The firm had revenue of $8.63 billion during the quarter, compared to analyst estimates of $8.66 billion. During the same quarter last year, the company posted $2.04 EPS. The company’s revenue was up 11.9% on a year-over-year basis. On average, research analysts anticipate that Dollar Tree, Inc. will post 6.91 earnings per share for the current year.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

DLTR has been the topic of a number of analyst reports. Jefferies Financial Group cut their price objective on shares of Dollar Tree from $130.00 to $128.00 in a research report on Thursday, March 14th. Loop Capital dropped their price objective on shares of Dollar Tree from $195.00 to $170.00 and set a “buy” rating on the stock in a report on Thursday, March 14th. TheStreet lowered Dollar Tree from a “b-” rating to a “c” rating in a research note on Wednesday, March 13th. Guggenheim lifted their price target on Dollar Tree from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Finally, Piper Sandler cut their price objective on Dollar Tree from $171.00 to $168.00 and set an “overweight” rating on the stock in a report on Thursday, March 14th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $150.05.

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.