Sentry Investment Management LLC Trims Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Sentry Investment Management LLC lowered its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 9.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,094 shares of the company’s stock after selling 117 shares during the period. Sentry Investment Management LLC’s holdings in Dollar Tree were worth $155,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Dollar Tree in the 3rd quarter valued at about $26,000. ICA Group Wealth Management LLC purchased a new position in Dollar Tree during the fourth quarter valued at approximately $27,000. Operose Advisors LLC acquired a new position in Dollar Tree in the third quarter valued at approximately $34,000. VitalStone Financial LLC purchased a new stake in Dollar Tree in the 1st quarter worth approximately $34,000. Finally, Turtle Creek Wealth Advisors LLC purchased a new position in shares of Dollar Tree during the 4th quarter valued at approximately $35,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

Insiders Place Their Bets

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

Dollar Tree Stock Down 0.2 %

NASDAQ DLTR opened at $123.75 on Thursday. The business’s fifty day simple moving average is $136.79 and its 200-day simple moving average is $128.26. The company has a quick ratio of 0.22, a current ratio of 1.31 and a debt-to-equity ratio of 0.47. The firm has a market cap of $26.98 billion, a PE ratio of -26.79, a P/E/G ratio of 1.18 and a beta of 0.90. Dollar Tree, Inc. has a 52 week low of $102.77 and a 52 week high of $161.10.

Dollar Tree (NASDAQ:DLTR) last issued 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 firm had revenue of $8.63 billion for the quarter, compared to analysts’ expectations of $8.66 billion. Dollar Tree had a positive return on equity of 15.11% and a negative net margin of 3.26%. Dollar Tree’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period last year, the firm earned $2.04 earnings per share. As a group, equities analysts anticipate that Dollar Tree, Inc. will post 6.91 earnings per share for the current year.

Wall Street Analyst Weigh In

DLTR has been the topic of several analyst reports. JPMorgan Chase & Co. raised their price target on shares of Dollar Tree from $144.00 to $152.00 and gave the company an “overweight” rating in a research report on Monday. BMO Capital Markets lowered their price target on Dollar Tree from $170.00 to $160.00 and set an “outperform” rating on the stock in a research report on Thursday, March 14th. Truist Financial cut 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. Piper Sandler dropped their price target on shares of Dollar Tree from $171.00 to $168.00 and set an “overweight” rating on the stock in a research note on Thursday, March 14th. Finally, Jefferies Financial Group reduced their price objective on shares of Dollar Tree from $130.00 to $128.00 in a research report on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Dollar Tree currently has an average rating of “Moderate Buy” and a consensus price target 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.