Channing Capital Management LLC Sells 11,026 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Channing Capital Management LLC lessened its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 18.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,363 shares of the company’s stock after selling 11,026 shares during the quarter. Channing Capital Management LLC’s holdings in Dollar Tree were worth $7,154,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. M&T Bank Corp grew its holdings in shares of Dollar Tree by 7.5% during the 4th quarter. M&T Bank Corp now owns 12,010 shares of the company’s stock valued at $1,706,000 after purchasing an additional 838 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in Dollar Tree by 6.6% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,987 shares of the company’s stock valued at $282,000 after purchasing an additional 123 shares during the period. Natixis Advisors L.P. increased its holdings in Dollar Tree by 25.6% during the 4th quarter. Natixis Advisors L.P. now owns 82,042 shares of the company’s stock valued at $11,653,000 after purchasing an additional 16,699 shares during the period. First Trust Direct Indexing L.P. raised its position in Dollar Tree by 29.8% during the 4th quarter. First Trust Direct Indexing L.P. now owns 4,470 shares of the company’s stock valued at $635,000 after purchasing an additional 1,027 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in Dollar Tree by 1.7% in the 4th quarter. Victory Capital Management Inc. now owns 222,727 shares of the company’s stock worth $31,638,000 after buying an additional 3,711 shares during the period. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. KeyCorp raised Dollar Tree from a “sector weight” rating to an “overweight” rating and set a $150.00 price target for the company in a research note on Wednesday, May 1st. BMO Capital Markets lowered their price objective on shares of Dollar Tree from $170.00 to $160.00 and set an “outperform” rating for the company in a report on Thursday, March 14th. 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 research report on Thursday, March 14th. Oppenheimer reissued a “market perform” rating on shares of Dollar Tree in a research report on Monday, March 4th. Finally, JPMorgan Chase & Co. upped their price target on Dollar Tree from $144.00 to $152.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $150.05.

Dollar Tree Stock Down 0.9 %

DLTR stock traded down $1.11 on Monday, hitting $119.62. The company had a trading volume of 1,089,188 shares, compared to its average volume of 2,716,514. The stock’s 50-day simple moving average is $131.52 and its 200 day simple moving average is $129.53. 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, Inc. has a 12-month low of $102.77 and a 12-month high of $161.10.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Wednesday, March 13th. The company reported $2.55 EPS for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.12). The firm had revenue of $8.63 billion for the quarter, compared to analysts’ expectations of $8.66 billion. Dollar Tree had a negative net margin of 3.26% and a positive return on equity of 15.11%. The firm’s revenue was up 11.9% compared to the same quarter last year. During the same quarter last year, the company posted $2.04 EPS. On average, research analysts expect that Dollar Tree, Inc. will post 6.92 earnings per share for the current fiscal year.

Insider Buying and Selling

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 purchased 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 approximately $795,866.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CFO Jeffrey A. Davis acquired 1,800 shares of Dollar Tree stock in a transaction dated Monday, April 1st. The stock was 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 directly owns 19,047 shares in the company, valued at approximately $2,590,392. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Daniel J. Heinrich bought 1,000 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were purchased at an average price of $127.85 per share, for a total transaction of $127,850.00. Following the purchase, the director now owns 6,225 shares in the company, valued at approximately $795,866.25. The disclosure for this purchase can be found here. 6.00% of the stock is currently owned by 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.