Dollar Tree, Inc. (NASDAQ:DLTR) Shares Sold by O Shaughnessy Asset Management LLC

Posted by on Jun 1st, 2023

O Shaughnessy Asset Management LLC reduced its position in Dollar Tree, Inc. (NASDAQ:DLTR – Get Rating) by 22.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,502 shares of the company’s stock after selling 710 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Dollar Tree were worth $354,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in DLTR. Mantle Ridge LP lifted its stake in shares of Dollar Tree by 11,365,431.0% in the 1st quarter. Mantle Ridge LP now owns 11,365,531 shares of the company’s stock valued at $1,820,190,000 after purchasing an additional 11,365,431 shares during the period. Invesco Ltd. lifted its stake in shares of Dollar Tree by 69.3% in the 1st quarter. Invesco Ltd. now owns 1,825,658 shares of the company’s stock valued at $292,377,000 after purchasing an additional 747,162 shares during the period. Capital International Investors lifted its stake in shares of Dollar Tree by 18.2% in the 1st quarter. Capital International Investors now owns 3,562,857 shares of the company’s stock valued at $570,592,000 after purchasing an additional 548,597 shares during the period. Bank of Nova Scotia lifted its stake in shares of Dollar Tree by 694.1% in the 4th quarter. Bank of Nova Scotia now owns 497,703 shares of the company’s stock valued at $70,395,000 after purchasing an additional 435,025 shares during the period. Finally, Federated Hermes Inc. increased its holdings in Dollar Tree by 522.5% in the 3rd quarter. Federated Hermes Inc. now owns 476,189 shares of the company’s stock worth $64,810,000 after acquiring an additional 399,696 shares in the last quarter. 97.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on DLTR shares. Truist Financial cut their price target on shares of Dollar Tree from $162.00 to $156.00 in a report on Friday, May 26th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Dollar Tree from $181.00 to $173.00 and set a “buy” rating for the company in a report on Thursday, March 2nd. Evercore ISI cut their price target on shares of Dollar Tree from $165.00 to $155.00 in a report on Friday, May 26th. BMO Capital Markets cut their price target on shares of Dollar Tree from $187.00 to $170.00 in a report on Friday, May 26th. Finally, Piper Sandler boosted their price target on shares of Dollar Tree from $167.00 to $173.00 and gave the stock an “overweight” rating in a report on Tuesday, February 28th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $158.71.

Insider Buying and Selling

In other news, CFO Jeffrey A. Davis bought 1,790 shares of the business’s stock in a transaction that occurred on Monday, March 27th. The shares were purchased at an average cost of $139.06 per share, for a total transaction of $248,917.40. Following the completion of the purchase, the chief financial officer now owns 15,006 shares of the company’s stock, valued at $2,086,734.36. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO Richard W. Dreiling purchased 7,100 shares of the company’s stock in a transaction on Thursday, March 9th. The shares were bought at an average cost of $142.00 per share, for a total transaction of $1,008,200.00. Following the completion of the purchase, the chief executive officer now directly owns 7,118 shares of the company’s stock, valued at approximately $1,010,756. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jeffrey A. Davis purchased 1,790 shares of the company’s stock in a transaction on Monday, March 27th. The stock was bought at an average price of $139.06 per share, for a total transaction of $248,917.40. Following the completion of the purchase, the chief financial officer now directly owns 15,006 shares of the company’s stock, valued at $2,086,734.36. The disclosure for this purchase can be found here. Insiders own 6.00% of the company’s stock.

Dollar Tree Trading Down 2.6 %

Shares of DLTR opened at $134.88 on Thursday. The company has a current ratio of 1.51, a quick ratio of 0.28 and a debt-to-equity ratio of 0.38. Dollar Tree, Inc. has a 12-month low of $129.26 and a 12-month high of $175.68. The firm has a 50-day moving average price of $149.97 and a 200 day moving average price of $147.91. The firm has a market capitalization of $29.72 billion, a P/E ratio of 21.79, a P/E/G ratio of 2.19 and a beta of 0.66.

Dollar Tree (NASDAQ:DLTR – Get Rating) last issued its quarterly earnings results on Thursday, May 25th. The company reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.54 by ($0.07). The business had revenue of $7.32 billion for the quarter, compared to analyst estimates of $7.27 billion. Dollar Tree had a return on equity of 16.36% and a net margin of 4.79%. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.37 EPS. Sell-side analysts forecast that Dollar Tree, Inc. will post 6.07 EPS for the current year.

Dollar Tree Profile

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Dollar Tree, Inc owns and operates discount variety stores offering merchandise at fixed prices. It operates through the Dollar Tree and Family Dollar segments. The Dollar Tree segment includes operations under Dollar Tree and Dollar Tree Canada brands, with its distribution centers in the United States and Canada.

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

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