Everence Capital Management Inc. Cuts Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Everence Capital Management Inc. reduced its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 50.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,450 shares of the company’s stock after selling 3,490 shares during the quarter. Everence Capital Management Inc.’s holdings in Dollar Tree were worth $490,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. ICA Group Wealth Management LLC acquired a new position in shares of Dollar Tree during the 4th quarter worth about $27,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Dollar Tree during the 3rd quarter worth about $26,000. VitalStone Financial LLC acquired a new position in shares of Dollar Tree during the 1st quarter worth about $34,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Dollar Tree during the 4th quarter worth about $35,000. Finally, Alpha Paradigm Partners LLC acquired a new stake in shares of Dollar Tree in the 3rd quarter valued at about $35,000. 97.40% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Dollar Tree

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

Dollar Tree Stock Performance

Shares of NASDAQ:DLTR opened at $123.75 on Thursday. The business’s fifty day moving average price is $136.79 and its two-hundred day moving average price is $128.26. 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 one year low of $102.77 and a one year high of $161.10.

Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Wednesday, March 13th. The company reported $2.55 EPS for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.12). The company had revenue of $8.63 billion for 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%. Dollar Tree’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter last year, the company posted $2.04 EPS. Sell-side analysts forecast that Dollar Tree, Inc. will post 6.91 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on DLTR. Evercore ISI decreased their target price on Dollar Tree from $144.00 to $142.00 and set an “in-line” rating for the company in a research report on Tuesday. Loop Capital decreased their price objective on Dollar Tree from $195.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday, March 14th. Oppenheimer reaffirmed a “market perform” rating on shares of Dollar Tree in a research report on Monday, March 4th. Gordon Haskett cut Dollar Tree from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $150.00 to $140.00 in a research report on Wednesday, April 3rd. Finally, Truist Financial decreased their price objective on Dollar Tree from $149.00 to $147.00 and set a “buy” rating for the company in a research report on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.