Amalgamated Bank Sells 7,357 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Amalgamated Bank lessened its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 12.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 52,116 shares of the company’s stock after selling 7,357 shares during the period. Amalgamated Bank’s holdings in Dollar Tree were worth $7,403,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Wellington Management Group LLP lifted its stake in shares of Dollar Tree by 5.1% in the third quarter. Wellington Management Group LLP now owns 2,808,184 shares of the company’s stock valued at $298,931,000 after buying an additional 135,826 shares during the period. Canada Pension Plan Investment Board lifted its stake in shares of Dollar Tree by 1.6% in the third quarter. Canada Pension Plan Investment Board now owns 2,385,299 shares of the company’s stock valued at $253,915,000 after buying an additional 36,944 shares during the period. Northern Trust Corp lifted its stake in shares of Dollar Tree by 0.8% in the third quarter. Northern Trust Corp now owns 2,218,405 shares of the company’s stock valued at $236,149,000 after buying an additional 16,813 shares during the period. American Century Companies Inc. lifted its stake in shares of Dollar Tree by 11.2% in the third quarter. American Century Companies Inc. now owns 2,111,343 shares of the company’s stock valued at $224,752,000 after buying an additional 212,527 shares during the period. Finally, Invesco Ltd. lifted its stake in shares of Dollar Tree by 24.7% in the third 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 during the period. Institutional investors own 97.40% of the company’s stock.

Dollar Tree Trading Up 0.8 %

Shares of Dollar Tree stock opened at $120.73 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 firm has a 50 day simple moving average of $131.52 and a 200 day simple moving average of $129.32. Dollar Tree, Inc. has a fifty-two week low of $102.77 and a fifty-two week high of $161.10.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results 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). The company had revenue of $8.63 billion during the quarter, compared to analyst estimates of $8.66 billion. Dollar Tree had a negative net margin of 3.26% and a positive return on equity of 15.11%. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the prior year, the business earned $2.04 EPS. On average, analysts anticipate that Dollar Tree, Inc. will post 6.92 earnings per share for the current fiscal year.

Insider Buying and Selling at Dollar Tree

In other Dollar Tree news, CFO Jeffrey A. Davis acquired 1,800 shares of Dollar Tree stock in a transaction on 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 completion of the purchase, the chief financial officer now owns 19,047 shares in the company, valued at $2,590,392. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Daniel J. Heinrich acquired 1,000 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The shares were acquired 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 of the company’s stock, valued at approximately $795,866.25. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jeffrey A. Davis purchased 1,800 shares of the stock in a transaction on Monday, April 1st. The stock was acquired at an average price of $136.00 per share, for a total transaction of $244,800.00. Following the completion of the purchase, the chief financial officer now directly owns 19,047 shares in the company, valued at approximately $2,590,392. The disclosure for this purchase can be found here. Insiders own 6.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on DLTR. Telsey Advisory Group restated an “outperform” rating and set a $160.00 price target on shares of Dollar Tree in a research note on Thursday, March 14th. Loop Capital cut their price target on shares of Dollar Tree from $195.00 to $170.00 and set a “buy” rating for the company in a research note on Thursday, March 14th. Evercore ISI cut their price target on shares of Dollar Tree from $144.00 to $142.00 and set an “in-line” rating for the company in a research note on Tuesday, April 16th. Wells Fargo & Company raised their price target on shares of Dollar Tree from $160.00 to $180.00 and gave the stock an “overweight” rating in a research note on Monday, March 4th. Finally, Gordon Haskett cut shares of Dollar Tree from a “buy” rating to a “hold” rating and cut their price target for the stock from $150.00 to $140.00 in a research note on Wednesday, April 3rd. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Dollar Tree presently has an average rating of “Moderate Buy” and an average price target of $150.05.

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.