Iowa State Bank Trims Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Iowa State Bank lowered its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 2.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,096 shares of the company’s stock after selling 658 shares during the quarter. Iowa State Bank’s holdings in Dollar Tree were worth $2,741,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund grew its stake in Dollar Tree by 8,821.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,327,908 shares of the company’s stock worth $26,000 after acquiring an additional 2,301,814 shares during the period. Executive Wealth Management LLC purchased a new stake in shares of Dollar Tree during the 4th quarter valued at $26,000. Capital Investment Advisory Services LLC purchased a new stake in shares of Dollar Tree during the 4th quarter valued at $31,000. Riverview Trust Co purchased a new stake in shares of Dollar Tree during the 4th quarter valued at $32,000. Finally, Rehmann Capital Advisory Group grew its stake in shares of Dollar Tree by 131.5% during the 4th quarter. Rehmann Capital Advisory Group now owns 382 shares of the company’s stock valued at $35,000 after buying an additional 217 shares during the period. 95.10% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ DLTR opened at $109.94 on Friday. Dollar Tree, Inc. has a 52 week low of $78.78 and a 52 week high of $111.53. The company has a quick ratio of 0.36, a current ratio of 2.05 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $26.22 billion, a price-to-earnings ratio of 20.17, a PEG ratio of 2.13 and a beta of 0.43.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Wednesday, March 6th. The company reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.92 by $0.01. The business had revenue of $6.21 billion during the quarter, compared to analysts’ expectations of $6.19 billion. Dollar Tree had a negative net margin of 6.97% and a positive return on equity of 18.21%. The business’s revenue was down 2.4% on a year-over-year basis. During the same period last year, the firm posted $1.89 earnings per share. As a group, equities analysts expect that Dollar Tree, Inc. will post 5.23 earnings per share for the current year.

Several brokerages have recently issued reports on DLTR. BidaskClub raised shares of Dollar Tree from a “hold” rating to a “buy” rating in a research note on Tuesday. Morgan Stanley upped their price target on shares of Dollar Tree from $92.00 to $101.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Loop Capital cut shares of Dollar Tree from a “buy” rating to a “hold” rating and decreased their price target for the stock from $115.00 to $105.00 in a research report on Monday, April 8th. Piper Jaffray Companies upped their price target on shares of Dollar Tree from $113.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Wolfe Research initiated coverage on shares of Dollar Tree in a report on Monday, February 11th. They issued a “market perform” rating on the stock. Twelve research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Dollar Tree presently has an average rating of “Buy” and an average price target of $102.28.

In related news, Director Arnold S. Barron sold 11,667 shares of the stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $101.61, for a total transaction of $1,185,483.87. Following the completion of the sale, the director now directly owns 15,000 shares of the company’s stock, valued at $1,524,150. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider William A. Old, Jr. sold 6,580 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $102.75, for a total transaction of $676,095.00. Following the completion of the sale, the insider now owns 8,960 shares of the company’s stock, valued at approximately $920,640. The disclosure for this sale can be found here. Insiders sold 43,561 shares of company stock valued at $4,537,642 over the last quarter. Insiders own 1.50% of the company’s stock.

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About Dollar Tree

Dollar Tree, Inc operates discount variety retail stores. It operates through two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods that include Valentine's Day, Easter, Halloween, and Christmas merchandise.

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

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