Tocqueville Asset Management L.P. Sells 7,985 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Tocqueville Asset Management L.P. reduced its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 46.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,318 shares of the company’s stock after selling 7,985 shares during the quarter. Tocqueville Asset Management L.P.’s holdings in Dollar Tree were worth $1,241,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in DLTR. ICA Group Wealth Management LLC bought a new stake in shares of Dollar Tree in the 4th quarter worth approximately $26,000. United Community Bank bought a new stake in shares of Dollar Tree during the fourth quarter valued at approximately $27,000. Register Financial Advisors LLC bought a new stake in shares of Dollar Tree during the first quarter valued at approximately $28,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Dollar Tree during the fourth quarter valued at approximately $35,000. Finally, Mendota Financial Group LLC bought a new stake in shares of Dollar Tree during the fourth quarter valued at approximately $52,000. 97.40% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Dollar Tree

In other Dollar Tree news, insider Robert Aflatooni sold 827 shares of the business’s stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $105.58, for a total transaction of $87,314.66. Following the completion of the sale, the insider now owns 9,725 shares of the company’s stock, valued at $1,026,765.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.80% of the stock is currently owned by corporate insiders.

Dollar Tree Price Performance

Shares of DLTR traded down $0.11 during trading hours on Friday, hitting $106.56. The stock had a trading volume of 2,927,962 shares, compared to its average volume of 2,972,113. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.23 and a current ratio of 1.28. Dollar Tree, Inc. has a 12 month low of $101.83 and a 12 month high of $154.96. The stock has a fifty day moving average price of $110.34 and a 200 day moving average price of $125.28.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Wednesday, June 5th. The company reported $1.43 EPS for the quarter, hitting the consensus estimate of $1.43. Dollar Tree had a positive return on equity of 15.67% and a negative net margin of 3.23%. The company had revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.63 billion. During the same quarter in the previous year, the company posted $1.47 earnings per share. Dollar Tree’s revenue was up 4.2% compared to the same quarter last year. As a group, analysts anticipate that Dollar Tree, Inc. will post 6.61 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on DLTR shares. StockNews.com upgraded Dollar Tree from a “sell” rating to a “hold” rating in a research report on Wednesday, March 27th. Wells Fargo & Company dropped their price target on Dollar Tree from $180.00 to $160.00 and set an “overweight” rating on the stock in a research report on Thursday, June 6th. Evercore ISI lifted their price target on Dollar Tree from $136.00 to $137.00 and gave the company an “in-line” rating in a research report on Thursday, June 20th. Morgan Stanley lowered their price objective on Dollar Tree from $135.00 to $130.00 and set an “equal weight” rating for the company in a research note on Thursday, June 6th. Finally, UBS Group lowered their price objective on Dollar Tree from $170.00 to $155.00 and set a “buy” rating for the company in a research note on Friday, June 28th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, Dollar Tree has a consensus rating of “Moderate Buy” and an average target price of $141.55.

Dollar Tree Company 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.