First National Bank Sioux Falls Reduces Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

First National Bank Sioux Falls lessened its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 18.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 4,567 shares of the company’s stock after selling 1,055 shares during the quarter. First National Bank Sioux Falls’ holdings in Dollar Tree were worth $649,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC purchased a new stake in Dollar Tree during the 4th quarter worth about $316,000. Illinois Municipal Retirement Fund increased its stake in Dollar Tree by 52.0% in the 4th quarter. Illinois Municipal Retirement Fund now owns 112,540 shares of the company’s stock worth $15,986,000 after acquiring an additional 38,517 shares during the last quarter. OLD National Bancorp IN increased its stake in Dollar Tree by 23.2% in the 4th quarter. OLD National Bancorp IN now owns 2,869 shares of the company’s stock worth $408,000 after acquiring an additional 540 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Dollar Tree by 1.5% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 19,237 shares of the company’s stock worth $2,733,000 after acquiring an additional 276 shares during the last quarter. Finally, Signaturefd LLC increased its stake in Dollar Tree by 23.4% in the 4th quarter. Signaturefd LLC now owns 3,491 shares of the company’s stock worth $496,000 after acquiring an additional 662 shares during the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Insider Activity at Dollar Tree

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

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Oppenheimer restated a “market perform” rating on shares of Dollar Tree in a research note on Monday, March 4th. Piper Sandler reduced their price objective on Dollar Tree from $171.00 to $168.00 and set an “overweight” rating on the stock in a research report on Thursday, March 14th. TheStreet lowered Dollar Tree from a “b-” rating to a “c” rating in a research report on Wednesday, March 13th. BMO Capital Markets reduced their price objective 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. Finally, Gordon Haskett lowered Dollar Tree from a “buy” rating to a “hold” rating and reduced their price objective for the company from $150.00 to $140.00 in a research report on Wednesday, April 3rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $150.05.

Dollar Tree Trading Up 0.7 %

Dollar Tree stock traded up $0.87 during mid-day trading on Tuesday, hitting $122.56. The company had a trading volume of 2,165,038 shares, compared to its average volume of 2,796,034. Dollar Tree, Inc. has a 12 month low of $102.77 and a 12 month high of $161.10. The stock’s 50 day moving average price is $135.65 and its two-hundred day moving average price is $128.79. 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 (NASDAQ:DLTR) last posted its quarterly earnings results on Wednesday, March 13th. The company reported $2.55 earnings per share 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 business had revenue of $8.63 billion during the quarter, compared to analysts’ expectations of $8.66 billion. During the same quarter in the prior year, the firm earned $2.04 EPS. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. Research analysts expect that Dollar Tree, Inc. will post 6.91 EPS 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.