Dollar Tree, Inc. (NASDAQ:DLTR) Position Trimmed by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lowered its position in Dollar Tree, Inc. (NASDAQ:DLTRFree Report) by 14.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,976 shares of the company’s stock after selling 494 shares during the period. Sequoia Financial Advisors LLC’s holdings in Dollar Tree were worth $317,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Gabelli Funds LLC increased its holdings in Dollar Tree by 30.3% in the third quarter. Gabelli Funds LLC now owns 2,150 shares of the company’s stock worth $229,000 after buying an additional 500 shares during the last quarter. Gamco Investors INC. ET AL increased its holdings in Dollar Tree by 102.6% in the third quarter. Gamco Investors INC. ET AL now owns 3,408 shares of the company’s stock worth $363,000 after buying an additional 1,726 shares during the last quarter. Blueshift Asset Management LLC increased its holdings in Dollar Tree by 85.9% in the third quarter. Blueshift Asset Management LLC now owns 18,537 shares of the company’s stock worth $1,973,000 after buying an additional 8,568 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in Dollar Tree by 5.2% in the third quarter. Janney Montgomery Scott LLC now owns 42,928 shares of the company’s stock worth $4,570,000 after buying an additional 2,119 shares during the last quarter. Finally, Soltis Investment Advisors LLC acquired a new position in Dollar Tree in the third quarter worth approximately $373,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

Dollar Tree Stock Down 1.0 %

DLTR opened at $139.50 on Friday. The stock has a market capitalization of $30.39 billion, a price-to-earnings ratio of 26.47, a P/E/G ratio of 5.68 and a beta of 0.90. Dollar Tree, Inc. has a 1-year low of $102.77 and a 1-year high of $161.10. The business has a 50 day moving average of $134.42 and a 200-day moving average of $125.66. The company has a current ratio of 1.36, a quick ratio of 0.17 and a debt-to-equity ratio of 0.38.

Dollar Tree (NASDAQ:DLTRGet Free Report) last issued its earnings results on Wednesday, November 29th. The company reported $0.97 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.04). The firm had revenue of $7.31 billion during the quarter, compared to the consensus estimate of $7.40 billion. Dollar Tree had a return on equity of 13.34% and a net margin of 3.92%. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period last year, the business earned $1.20 earnings per share. As a group, sell-side analysts anticipate that Dollar Tree, Inc. will post 6 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Ridge Lp Mantle bought 738,862 shares of Dollar Tree stock in a transaction that occurred on Wednesday, December 20th. The stock was purchased at an average cost of $134.37 per share, with a total value of $99,280,886.94. Following the completion of the transaction, the director now directly owns 12,104,493 shares in the company, valued at $1,626,480,724.41. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.00% of the stock is owned by company insiders.

Analyst Ratings Changes

DLTR has been the topic of several analyst reports. JPMorgan Chase & Co. upgraded Dollar Tree from a “neutral” rating to an “overweight” rating and increased their price target for the company from $122.00 to $157.00 in a report on Monday, January 29th. Telsey Advisory Group reiterated an “outperform” rating and set a $160.00 price target on shares of Dollar Tree in a report on Thursday, November 30th. Wells Fargo & Company lowered their price target on Dollar Tree from $155.00 to $140.00 and set an “overweight” rating on the stock in a report on Monday, November 27th. Morgan Stanley lowered their price target on Dollar Tree from $140.00 to $135.00 and set an “equal weight” rating on the stock in a report on Thursday, November 30th. Finally, Truist Financial increased their price target on Dollar Tree from $135.00 to $149.00 and gave the company a “buy” rating in a report on Thursday, December 21st. One analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Dollar Tree currently has an average rating of “Moderate Buy” and an average target price of $149.44.

View Our Latest Stock Analysis on DLTR

Dollar Tree Company Profile

(Free Report)

Dollar Tree, Inc operates discount variety retail 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.

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

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