Stevens Capital Management LP Lowers Stake in Dollar Tree, Inc. (NASDAQ:DLTR)

Stevens Capital Management LP lessened its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 20.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,957 shares of the company’s stock after selling 1,514 shares during the period. Stevens Capital Management LP’s holdings in Dollar Tree were worth $846,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new position in shares of Dollar Tree during the fourth quarter worth about $15,638,000. DAVENPORT & Co LLC lifted its stake in shares of Dollar Tree by 155.2% during the fourth quarter. DAVENPORT & Co LLC now owns 31,275 shares of the company’s stock worth $4,443,000 after purchasing an additional 19,019 shares in the last quarter. Illinois Municipal Retirement Fund lifted its stake in shares of Dollar Tree by 52.0% during the fourth quarter. Illinois Municipal Retirement Fund now owns 112,540 shares of the company’s stock worth $15,986,000 after purchasing an additional 38,517 shares in the last quarter. Louisiana State Employees Retirement System acquired a new position in shares of Dollar Tree during the fourth quarter worth about $4,247,000. Finally, Sequoia Financial Advisors LLC lifted its stake in shares of Dollar Tree by 97.2% in the fourth quarter. Sequoia Financial Advisors LLC now owns 5,869 shares of the company’s stock worth $834,000 after acquiring an additional 2,893 shares in the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Insider Buying and Selling

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 bought 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 owns 19,047 shares of the company’s stock, valued at $2,590,392. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CFO Jeffrey A. Davis acquired 1,800 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was purchased at an average price of $136.00 per share, for a total transaction of $244,800.00. Following the transaction, the chief financial officer now directly owns 19,047 shares of the company’s stock, valued at approximately $2,590,392. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel J. Heinrich acquired 1,000 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The stock was bought at an average price of $127.85 per share, with a total value of $127,850.00. Following 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. 6.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on DLTR. Loop Capital cut their price target on Dollar Tree from $195.00 to $170.00 and set a “buy” rating on the stock in a research note on Thursday, March 14th. Wells Fargo & Company boosted their price objective on Dollar Tree from $160.00 to $180.00 and gave the company an “overweight” rating in a report on Monday, March 4th. JPMorgan Chase & Co. boosted their price objective on Dollar Tree from $144.00 to $152.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Evercore ISI lowered their target price on Dollar Tree from $144.00 to $142.00 and set an “in-line” rating for the company in a report on Tuesday, April 16th. Finally, Piper Sandler lowered their target price on Dollar Tree from $171.00 to $168.00 and set an “overweight” rating for the company in a report on Thursday, March 14th. One investment 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $150.05.

Dollar Tree Price Performance

Shares of Dollar Tree stock traded down $0.70 during midday trading on Thursday, hitting $121.69. The company’s stock had a trading volume of 1,768,921 shares, compared to its average volume of 2,769,981. The stock has a 50-day simple moving average of $134.95 and a 200-day simple moving average of $128.86. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 1.31. Dollar Tree, Inc. has a 1-year low of $102.77 and a 1-year high of $161.10.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Wednesday, March 13th. The company reported $2.55 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $8.66 billion. During the same quarter in the prior year, the business posted $2.04 earnings per share. Dollar Tree’s revenue was up 11.9% on a year-over-year basis. As a group, equities research analysts predict that Dollar Tree, Inc. will post 6.91 EPS for the current year.

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.