Stephens Inc. AR reduced its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 34.6% in the 1st quarter, HoldingsChannel reports. The fund owned 2,098 shares of the company’s stock after selling 1,112 shares during the quarter. Stephens Inc. AR’s holdings in Dollar Tree were worth $220,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Parkside Financial Bank & Trust lifted its holdings in shares of Dollar Tree by 47.3% in the 1st quarter. Parkside Financial Bank & Trust now owns 302 shares of the company’s stock valued at $32,000 after purchasing an additional 97 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of Dollar Tree by 0.8% in the 1st quarter. Louisiana State Employees Retirement System now owns 12,600 shares of the company’s stock valued at $1,324,000 after purchasing an additional 100 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of Dollar Tree by 20.8% in the 4th quarter. Parallel Advisors LLC now owns 598 shares of the company’s stock valued at $54,000 after purchasing an additional 103 shares during the last quarter. Burney Co. lifted its holdings in shares of Dollar Tree by 0.5% in the 4th quarter. Burney Co. now owns 23,421 shares of the company’s stock valued at $2,115,000 after purchasing an additional 113 shares during the last quarter. Finally, Cigna Investments Inc. New lifted its holdings in shares of Dollar Tree by 1.7% in the 4th quarter. Cigna Investments Inc. New now owns 7,021 shares of the company’s stock valued at $634,000 after purchasing an additional 120 shares during the last quarter. 94.37% of the stock is owned by institutional investors and hedge funds.

NASDAQ DLTR opened at $98.42 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.36 and a current ratio of 2.05. Dollar Tree, Inc. has a 12-month low of $78.78 and a 12-month high of $111.61. The company has a market cap of $23.48 billion, a price-to-earnings ratio of 18.06, a price-to-earnings-growth ratio of 1.93 and a beta of 0.44.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Wednesday, March 6th. The company reported $1.93 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.92 by $0.01. Dollar Tree had a positive return on equity of 18.21% and a negative net margin of 6.97%. The company had revenue of $6.21 billion for the quarter, compared to analysts’ expectations of $6.19 billion. During the same quarter in the previous year, the firm posted $1.89 EPS. The firm’s quarterly revenue was down 2.4% on a year-over-year basis. As a group, equities research analysts forecast that Dollar Tree, Inc. will post 5.27 EPS for the current year.

In other Dollar Tree news, COO Michael A. Witynski sold 6,380 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $102.83, for a total transaction of $656,055.40. Following the transaction, the chief operating officer now owns 12,381 shares in the company, valued at approximately $1,273,138.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gary M. Philbin sold 9,614 shares of the business’s stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $110.00, for a total value of $1,057,540.00. Following the transaction, the chief executive officer now owns 84,665 shares in the company, valued at approximately $9,313,150. The disclosure for this sale can be found here. Insiders have sold a total of 43,561 shares of company stock worth $4,537,642 in the last quarter. 1.50% of the stock is currently owned by insiders.

DLTR has been the subject of several research reports. Credit Suisse Group boosted their target price on Dollar Tree from $105.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, March 7th. BidaskClub downgraded Dollar Tree from a “buy” rating to a “hold” rating in a research note on Wednesday, February 27th. Gordon Haskett raised Dollar Tree from an “accumulate” rating to a “buy” rating and set a $102.07 price objective for the company in a research note on Thursday, March 21st. ValuEngine downgraded Dollar Tree from a “buy” rating to a “hold” rating in a research note on Monday, April 1st. Finally, Jefferies Financial Group upped their price objective on Dollar Tree from $94.00 to $100.00 and gave the company a “hold” rating in a research note on Monday, April 8th. Twelve research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $102.89.

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About Dollar Tree

Dollar Tree, Inc operates discount variety retail stores. It operates through two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods that include Valentine's Day, Easter, Halloween, and Christmas merchandise.

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Institutional Ownership by Quarter for Dollar Tree (NASDAQ:DLTR)

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