Avenir Corp Sells 5,081 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Avenir Corp cut its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 64.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,860 shares of the company’s stock after selling 5,081 shares during the period. Avenir Corp’s holdings in Dollar Tree were worth $214,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Bessemer Group Inc. boosted its position in shares of Dollar Tree by 34,600.0% during the 4th quarter. Bessemer Group Inc. now owns 347 shares of the company’s stock valued at $26,000 after acquiring an additional 346 shares during the last quarter. Assetmark Inc. raised its stake in Dollar Tree by 74.1% during the fourth quarter. Assetmark Inc. now owns 350 shares of the company’s stock valued at $26,000 after purchasing an additional 149 shares in the last quarter. Versant Capital Management Inc bought a new position in Dollar Tree during the fourth quarter valued at $30,000. Parkside Financial Bank & Trust grew its stake in shares of Dollar Tree by 120.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 424 shares of the company’s stock worth $32,000 after buying an additional 232 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in shares of Dollar Tree by 91.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock worth $33,000 after buying an additional 210 shares during the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Wall Street Analyst Weigh In

DLTR has been the subject of a number of analyst reports. JPMorgan Chase & Co. lowered their price target on shares of Dollar Tree from $88.00 to $78.00 and set a “neutral” rating for the company in a report on Thursday, March 27th. Guggenheim lowered their price objective on Dollar Tree from $100.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, March 28th. Truist Financial set a $84.00 target price on Dollar Tree in a research report on Thursday, March 27th. Evercore ISI raised their price target on Dollar Tree from $79.00 to $85.00 and gave the stock an “in-line” rating in a research report on Thursday, March 27th. Finally, UBS Group dropped their price objective on shares of Dollar Tree from $105.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, March 21st. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $81.84.

Insider Transactions at Dollar Tree

In other Dollar Tree news, CAO Aditya Maheshwari sold 1,238 shares of the company’s stock in a transaction on Monday, April 14th. The stock was sold at an average price of $74.70, for a total transaction of $92,478.60. Following the completion of the sale, the chief accounting officer now owns 4,231 shares in the company, valued at $316,055.70. This represents a 22.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William W. Douglas III bought 701 shares of the company’s stock in a transaction on Wednesday, April 2nd. The shares were bought at an average cost of $75.00 per share, for a total transaction of $52,575.00. Following the transaction, the director now directly owns 1,377 shares in the company, valued at approximately $103,275. This represents a 103.70 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 6.80% of the company’s stock.

Dollar Tree Trading Up 2.0 %

Shares of NASDAQ DLTR opened at $73.21 on Thursday. Dollar Tree, Inc. has a twelve month low of $60.49 and a twelve month high of $125.20. The firm has a market cap of $15.75 billion, a PE ratio of -15.35, a price-to-earnings-growth ratio of 2.16 and a beta of 0.87. The business has a fifty day simple moving average of $70.80 and a two-hundred day simple moving average of $70.33. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Wednesday, March 26th. The company reported $2.11 earnings per share for the quarter, missing the consensus estimate of $2.20 by ($0.09). Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The firm had revenue of $5 billion during the quarter, compared to the consensus estimate of $8.23 billion. During the same quarter in the previous year, the firm earned $2.55 earnings per share. The business’s revenue was up .7% compared to the same quarter last year. Analysts expect that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

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.