Bank of New York Mellon Corp Sells 136,844 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Bank of New York Mellon Corp trimmed its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 10.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,153,832 shares of the company’s stock after selling 136,844 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.54% of Dollar Tree worth $86,468,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Deseret Mutual Benefit Administrators grew its holdings in Dollar Tree by 20.9% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 907 shares of the company’s stock worth $68,000 after buying an additional 157 shares in the last quarter. Alan B Lancz & Associates Inc. boosted its holdings in Dollar Tree by 6.6% during the 3rd quarter. Alan B Lancz & Associates Inc. now owns 3,250 shares of the company’s stock worth $229,000 after acquiring an additional 200 shares during the last quarter. AM Squared Ltd grew its stake in shares of Dollar Tree by 12.5% in the 3rd quarter. AM Squared Ltd now owns 1,800 shares of the company’s stock worth $127,000 after acquiring an additional 200 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Dollar Tree by 91.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock valued at $33,000 after purchasing an additional 210 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its position in shares of Dollar Tree by 105.6% during the third quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock valued at $39,000 after purchasing an additional 284 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on DLTR shares. Truist Financial increased their price objective on shares of Dollar Tree from $79.00 to $83.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. StockNews.com upgraded Dollar Tree from a “sell” rating to a “hold” rating in a report on Thursday, December 5th. Citigroup boosted their price objective on Dollar Tree from $64.00 to $76.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. BMO Capital Markets raised their target price on Dollar Tree from $65.00 to $70.00 and gave the company a “market perform” rating in a research report on Thursday, December 5th. Finally, Evercore ISI cut their price target on shares of Dollar Tree from $94.00 to $92.00 and set an “in-line” rating on the stock in a report on Tuesday, December 3rd. Seventeen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $85.58.

Dollar Tree Stock Down 0.4 %

Shares of NASDAQ DLTR opened at $72.86 on Monday. The business has a 50-day simple moving average of $73.54 and a two-hundred day simple moving average of $72.80. Dollar Tree, Inc. has a 52 week low of $60.49 and a 52 week high of $151.21. The company has a market cap of $15.66 billion, a P/E ratio of -15.27, a P/E/G ratio of 2.16 and a beta of 0.89. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Wednesday, December 4th. The company reported $1.12 EPS for the quarter, beating the consensus estimate of $1.07 by $0.05. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The company had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $7.45 billion. During the same quarter in the previous year, the company earned $0.97 earnings per share. Dollar Tree’s revenue for the quarter was up 3.5% on a year-over-year basis. Research analysts anticipate that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Dollar Tree Profile

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.