Stock Yards Bank & Trust Co. Sells 159 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Stock Yards Bank & Trust Co. reduced its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 0.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 20,821 shares of the company’s stock after selling 159 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Dollar Tree were worth $2,958,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in DLTR. Ameriprise Financial Inc. grew its holdings in Dollar Tree by 139.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,260,780 shares of the company’s stock valued at $134,202,000 after buying an additional 734,229 shares in the last quarter. Mondrian Investment Partners LTD grew its holdings in Dollar Tree by 358.8% during the 3rd quarter. Mondrian Investment Partners LTD now owns 828,322 shares of the company’s stock valued at $88,175,000 after buying an additional 647,800 shares in the last quarter. Toronto Dominion Bank grew its holdings in Dollar Tree by 137.5% during the 3rd quarter. Toronto Dominion Bank now owns 1,100,981 shares of the company’s stock valued at $117,199,000 after buying an additional 637,357 shares in the last quarter. Invesco Ltd. grew its holdings in Dollar Tree by 24.7% during the 3rd quarter. Invesco Ltd. now owns 1,966,962 shares of the company’s stock valued at $209,383,000 after buying an additional 389,718 shares in the last quarter. Finally, Palestra Capital Management LLC purchased a new position in Dollar Tree during the 3rd quarter valued at about $23,813,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DLTR. Wells Fargo & Company lifted their target price 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. lifted their target price on Dollar Tree from $144.00 to $152.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Truist Financial cut their price objective on Dollar Tree from $149.00 to $147.00 and set a “buy” rating for the company in a report on Thursday, March 14th. Loop Capital cut their price objective on Dollar Tree from $195.00 to $170.00 and set a “buy” rating for the company in a report on Thursday, March 14th. Finally, Guggenheim boosted their price objective on Dollar Tree from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $150.05.

Dollar Tree Trading Down 0.3 %

DLTR opened at $121.69 on Tuesday. The business has a fifty day moving average of $135.65 and a 200 day moving average of $128.79. Dollar Tree, Inc. has a 52-week low of $102.77 and a 52-week high of $161.10. 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 (NASDAQ:DLTR) last posted 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). Dollar Tree had a negative net margin of 3.26% and a positive return on equity of 15.11%. The business had revenue of $8.63 billion for the quarter, compared to analysts’ expectations of $8.66 billion. During the same quarter in the previous year, the firm earned $2.04 EPS. Dollar Tree’s revenue was up 11.9% compared to the same quarter last year. As a group, equities analysts predict that Dollar Tree, Inc. will post 6.91 EPS for the current fiscal year.

Insider Buying and Selling at Dollar Tree

In related news, Director Daniel J. Heinrich purchased 1,000 shares of Dollar Tree stock in a transaction dated Monday, March 18th. The stock was purchased at an average cost of $127.85 per share, with a total value of $127,850.00. Following the transaction, the director now owns 6,225 shares in the company, valued at approximately $795,866.25. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Daniel J. Heinrich purchased 1,000 shares of Dollar Tree stock in a transaction dated Monday, March 18th. The stock was purchased at an average cost of $127.85 per share, with a total value of $127,850.00. Following the transaction, the director now owns 6,225 shares in the company, valued at approximately $795,866.25. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Jeffrey A. Davis purchased 1,800 shares of Dollar Tree stock in a transaction dated Monday, April 1st. The stock was bought at an average cost of $136.00 per share, with a total value of $244,800.00. Following the completion of the transaction, the chief financial officer now 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 currently owned by corporate insiders.

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.