Amalgamated Bank Has $9.60 Million Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Amalgamated Bank cut its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTRGet Rating) by 6.4% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 59,962 shares of the company’s stock after selling 4,091 shares during the period. Amalgamated Bank’s holdings in Dollar Tree were worth $9,603,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DLTR. Covestor Ltd purchased a new position in Dollar Tree during the fourth quarter valued at approximately $32,000. Karlinski Andrew C purchased a new position in Dollar Tree during the first quarter valued at approximately $32,000. Providence Capital Advisors LLC grew its position in Dollar Tree by 95.2% during the first quarter. Providence Capital Advisors LLC now owns 203 shares of the company’s stock valued at $33,000 after purchasing an additional 99 shares in the last quarter. Exchange Traded Concepts LLC grew its position in Dollar Tree by 372.9% during the first quarter. Exchange Traded Concepts LLC now owns 227 shares of the company’s stock valued at $36,000 after purchasing an additional 179 shares in the last quarter. Finally, Core Alternative Capital purchased a new position in Dollar Tree during the first quarter valued at approximately $40,000. 95.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DLTR has been the subject of several recent research reports. StockNews.com downgraded shares of Dollar Tree from a “buy” rating to a “hold” rating in a research report on Friday, August 26th. Wells Fargo & Company decreased their target price on shares of Dollar Tree from $190.00 to $170.00 and set an “overweight” rating for the company in a research report on Friday, August 26th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Dollar Tree from $185.00 to $163.00 and set a “buy” rating for the company in a research report on Monday, August 29th. JPMorgan Chase & Co. boosted their price objective on shares of Dollar Tree from $171.00 to $176.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 6th. Finally, Piper Sandler reduced their price objective on shares of Dollar Tree from $191.00 to $167.00 and set an “overweight” rating for the company in a research note on Friday, August 26th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, Dollar Tree has a consensus rating of “Moderate Buy” and an average target price of $163.47.

Dollar Tree Price Performance

NASDAQ:DLTR opened at $141.92 on Friday. The stock has a market cap of $31.78 billion, a P/E ratio of 20.45, a PEG ratio of 1.20 and a beta of 0.74. Dollar Tree, Inc. has a one year low of $84.26 and a one year high of $177.19. The company has a fifty day moving average price of $158.09 and a 200 day moving average price of $157.44. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.46 and a quick ratio of 0.22.

Dollar Tree (NASDAQ:DLTRGet Rating) last announced its quarterly earnings data on Thursday, August 25th. The company reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.01. Dollar Tree had a net margin of 5.77% and a return on equity of 19.83%. The company had revenue of $6.77 billion during the quarter, compared to analysts’ expectations of $6.80 billion. During the same quarter in the prior year, the company posted $1.23 EPS. The business’s revenue was up 6.7% on a year-over-year basis. Analysts anticipate that Dollar Tree, Inc. will post 7.27 earnings per share for the current year.

Dollar Tree Profile

(Get Rating)

Dollar Tree, Inc operates discount variety retail stores. It 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, including candy and food, and health and personal 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, arts and crafts supplies, and other items; and seasonal goods that include Christmas, Easter, Halloween, and Valentine's Day merchandise.

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

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