American Century Companies Inc. Sells 68,917 Shares of Dollar Tree, Inc. $DLTR

American Century Companies Inc. decreased its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 8.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 755,858 shares of the company’s stock after selling 68,917 shares during the quarter. American Century Companies Inc.’s holdings in Dollar Tree were worth $71,330,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Root Financial Partners LLC bought a new stake in Dollar Tree in the 3rd quarter worth about $29,000. True Wealth Design LLC lifted its position in shares of Dollar Tree by 372.5% during the 2nd quarter. True Wealth Design LLC now owns 378 shares of the company’s stock worth $37,000 after buying an additional 298 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Dollar Tree by 90.5% in the 3rd quarter. Smartleaf Asset Management LLC now owns 423 shares of the company’s stock worth $40,000 after buying an additional 201 shares during the last quarter. Atlantic Union Bankshares Corp bought a new position in shares of Dollar Tree in the third quarter valued at approximately $41,000. Finally, MTM Investment Management LLC bought a new position in shares of Dollar Tree in the second quarter valued at approximately $42,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Wall Street Analyst Weigh In

DLTR has been the topic of a number of recent analyst reports. Morgan Stanley lifted their price target on Dollar Tree from $130.00 to $146.00 and gave the stock an “equal weight” rating in a report on Thursday, January 15th. Telsey Advisory Group set a $150.00 target price on Dollar Tree in a research note on Wednesday, December 17th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $126.00 price target on shares of Dollar Tree in a report on Thursday, January 8th. BNP Paribas Exane downgraded shares of Dollar Tree from a “hold” rating to an “underperform” rating and set a $87.00 price objective for the company. in a report on Wednesday, January 21st. Finally, UBS Group boosted their target price on shares of Dollar Tree from $135.00 to $138.00 and gave the company a “buy” rating in a research note on Thursday, December 4th. Eight equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and seven have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $124.62.

Dollar Tree Price Performance

NASDAQ DLTR opened at $117.85 on Thursday. The company has a quick ratio of 0.22, a current ratio of 0.96 and a debt-to-equity ratio of 0.70. The company has a market cap of $23.43 billion, a PE ratio of -8.76, a price-to-earnings-growth ratio of 1.51 and a beta of 0.73. Dollar Tree, Inc. has a 52 week low of $61.80 and a 52 week high of $142.40. The firm’s 50-day simple moving average is $127.33 and its two-hundred day simple moving average is $112.74.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Wednesday, December 3rd. The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.12. The company had revenue of $4.75 billion for the quarter, compared to analyst estimates of $4.70 billion. Dollar Tree had a negative net margin of 15.40% and a positive return on equity of 30.23%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.12 earnings per share. Research analysts predict that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Brent A. Beebe sold 2,200 shares of Dollar Tree stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $124.65, for a total value of $274,230.00. Following the completion of the transaction, the insider directly owned 13,740 shares in the company, valued at approximately $1,712,691. The trade was a 13.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 6.60% of the company’s stock.

About Dollar Tree

Dollar Tree, Inc is a North American discount retailer that operates a portfolio of value-oriented store banners, primarily Dollar Tree and Family Dollar. The company’s stores offer a broad assortment of everyday items at low price points, including household essentials, food and snacks, health and beauty products, cleaning supplies, seasonal and party goods, home décor, and basic apparel. Dollar Tree’s merchandising strategy emphasizes high-turnover branded and private-label merchandise tailored to budget-conscious consumers, with Family Dollar complementing the chain by offering a wider range of price points and assortment depth in smaller-format neighborhood locations.

Founded in 1986 and headquartered in Chesapeake, Virginia, Dollar Tree has grown through both organic store openings and acquisitions.