Clearstead Trust LLC Sells 368 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Clearstead Trust LLC decreased its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 5.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,432 shares of the company’s stock after selling 368 shares during the period. Clearstead Trust LLC’s holdings in Dollar Tree were worth $914,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Wellington Management Group LLP raised its stake in Dollar Tree by 5.1% during the 3rd 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 last quarter. Canada Pension Plan Investment Board lifted its holdings in 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 acquiring an additional 36,944 shares during the period. Northern Trust Corp lifted its holdings in 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 acquiring an additional 16,813 shares during the period. American Century Companies Inc. boosted its position in Dollar Tree by 11.2% in the third quarter. American Century Companies Inc. now owns 2,111,343 shares of the company’s stock worth $224,752,000 after purchasing an additional 212,527 shares during the last quarter. Finally, Invesco Ltd. grew its stake in shares of 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 purchasing an additional 389,718 shares during the period. 97.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on DLTR shares. Evercore ISI lowered their price objective on shares of Dollar Tree from $144.00 to $142.00 and set an “in-line” rating on the stock in a research note on Tuesday, April 16th. TheStreet lowered shares of Dollar Tree from a “b-” rating to a “c” rating in a report on Wednesday, March 13th. Gordon Haskett lowered shares of Dollar Tree from a “buy” rating to a “hold” rating and dropped their price target for the stock from $150.00 to $140.00 in a research report on Wednesday, April 3rd. Oppenheimer reiterated a “market perform” rating on shares of Dollar Tree in a research note on Monday, March 4th. Finally, JPMorgan Chase & Co. upped their price objective 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 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. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $150.05.

Dollar Tree Trading Up 0.8 %

Shares of NASDAQ:DLTR traded up $0.95 during trading on Friday, hitting $120.73. The company had a trading volume of 1,471,110 shares, compared to its average volume of 2,381,356. The stock has a market cap of $26.32 billion, a price-to-earnings ratio of -26.13, a price-to-earnings-growth ratio of 1.13 and a beta of 0.92. 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 company has a fifty day simple moving average of $131.52 and a two-hundred day simple moving average of $129.32. Dollar Tree, Inc. has a one year low of $102.77 and a one year high of $161.10.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Wednesday, March 13th. The company reported $2.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.67 by ($0.12). Dollar Tree had a positive return on equity of 15.11% and a negative net margin of 3.26%. The firm had revenue of $8.63 billion during the quarter, compared to the consensus estimate of $8.66 billion. During the same quarter last year, the business posted $2.04 EPS. Dollar Tree’s revenue was up 11.9% compared to the same quarter last year. As a group, equities analysts forecast that Dollar Tree, Inc. will post 6.92 earnings per share for the current year.

Insider Transactions at Dollar Tree

In related news, CFO Jeffrey A. Davis purchased 1,800 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were purchased at an average cost of $136.00 per share, for a total transaction of $244,800.00. Following the completion of the acquisition, the chief financial officer now owns 19,047 shares in the company, valued at approximately $2,590,392. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CFO Jeffrey A. Davis acquired 1,800 shares of the stock in a transaction on 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 transaction, the chief financial officer now directly owns 19,047 shares in the company, valued at $2,590,392. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel J. Heinrich bought 1,000 shares of the company’s stock in a transaction on Monday, March 18th. The stock was bought at an average price of $127.85 per share, for a total transaction of $127,850.00. Following the completion of the purchase, the director now directly owns 6,225 shares in the company, valued at $795,866.25. The disclosure for this purchase can be found here. Corporate insiders own 6.00% of the company’s stock.

Dollar Tree Profile

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.