Calamos Advisors LLC Sells 94,271 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Calamos Advisors LLC lessened its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 51.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 89,059 shares of the company’s stock after selling 94,271 shares during the quarter. Calamos Advisors LLC’s holdings in Dollar Tree were worth $12,651,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. ICA Group Wealth Management LLC purchased a new stake in Dollar Tree during the fourth quarter valued at about $27,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Dollar Tree during the third quarter valued at about $26,000. VitalStone Financial LLC purchased a new stake in Dollar Tree during the first quarter valued at about $34,000. Turtle Creek Wealth Advisors LLC purchased a new stake in Dollar Tree during the fourth quarter valued at about $35,000. Finally, Alpha Paradigm Partners LLC purchased a new stake in Dollar Tree during the third quarter valued at about $35,000. Institutional investors own 97.40% of the company’s stock.

Dollar Tree Price Performance

Shares of NASDAQ DLTR opened at $122.03 on Friday. Dollar Tree, Inc. has a twelve month low of $102.77 and a twelve month high of $161.10. The company has a 50 day moving average of $136.07 and a 200 day moving average of $128.34. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 1.31.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Wednesday, March 13th. The company reported $2.55 earnings per share for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.12). Dollar Tree had a positive return on equity of 15.11% and a negative net margin of 3.26%. The firm had revenue of $8.63 billion during the quarter, compared to analysts’ expectations of $8.66 billion. During the same quarter in the previous year, the firm earned $2.04 earnings per share. Dollar Tree’s revenue was up 11.9% on a year-over-year basis. As a group, equities research analysts predict that Dollar Tree, Inc. will post 6.91 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Jeffrey A. Davis acquired 1,800 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was bought at an average cost of $136.00 per share, for a total transaction of $244,800.00. Following the acquisition, the chief financial officer now directly owns 19,047 shares in the company, valued at $2,590,392. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CFO Jeffrey A. Davis bought 1,800 shares of the business’s stock in a transaction on Monday, April 1st. The stock was acquired at an average price of $136.00 per share, with a total value of $244,800.00. Following the transaction, the chief financial officer now owns 19,047 shares in the company, valued at approximately $2,590,392. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Daniel J. Heinrich bought 1,000 shares of the business’s stock in a transaction on Monday, March 18th. The stock was bought at an average cost of $127.85 per share, with a total value of $127,850.00. Following the transaction, the director now owns 6,225 shares in the company, valued at approximately $795,866.25. The disclosure for this purchase can be found here. 6.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

DLTR has been the subject of several analyst reports. Gordon Haskett lowered shares of Dollar Tree from a “buy” rating to a “hold” rating and cut their price target for the company from $150.00 to $140.00 in a research report on Wednesday, April 3rd. JPMorgan Chase & Co. increased their target price on shares of Dollar Tree from $144.00 to $152.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Oppenheimer reiterated a “market perform” rating on shares of Dollar Tree in a report on Monday, March 4th. Evercore ISI dropped their target price on shares of Dollar Tree from $144.00 to $142.00 and set an “in-line” rating for the company in a report on Tuesday. Finally, Loop Capital dropped their target price on shares of Dollar Tree from $195.00 to $170.00 and set a “buy” rating for the company in a report on Thursday, March 14th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, Dollar Tree presently has a consensus rating of “Moderate Buy” and a consensus price target of $150.05.

About Dollar Tree

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.