Mn Services Vermogensbeheer B.V. Reduces Stock Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Mn Services Vermogensbeheer B.V. reduced its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 2.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 81,300 shares of the company’s stock after selling 2,400 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Dollar Tree were worth $8,680,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in DLTR. International Assets Investment Management LLC purchased a new position in Dollar Tree during the fourth quarter valued at approximately $15,638,000. Federated Hermes Inc. grew its position in shares of Dollar Tree by 61.9% during the 4th quarter. Federated Hermes Inc. now owns 11,963 shares of the company’s stock valued at $1,699,000 after purchasing an additional 4,573 shares in the last quarter. abrdn plc increased its holdings in shares of Dollar Tree by 69.5% in the fourth quarter. abrdn plc now owns 87,466 shares of the company’s stock worth $12,425,000 after purchasing an additional 35,860 shares during the period. Bryn Mawr Capital Management LLC raised its position in shares of Dollar Tree by 42.8% in the fourth quarter. Bryn Mawr Capital Management LLC now owns 3,464 shares of the company’s stock worth $492,000 after buying an additional 1,038 shares in the last quarter. Finally, Bahl & Gaynor Inc. bought a new stake in Dollar Tree during the fourth quarter valued at $213,000. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Dollar Tree Price Performance

DLTR opened at $97.00 on Monday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.28 and a quick ratio of 0.23. The stock’s 50 day simple moving average is $102.76 and its 200 day simple moving average is $118.97. The firm has a market cap of $20.85 billion, a price-to-earnings ratio of -21.13, a PEG ratio of 1.07 and a beta of 0.88. Dollar Tree, Inc. has a 1 year low of $91.40 and a 1 year high of $151.21.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Wednesday, June 5th. The company reported $1.43 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.43. Dollar Tree had a positive return on equity of 15.67% and a negative net margin of 3.23%. The firm had revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.63 billion. During the same quarter in the prior year, the firm posted $1.47 earnings per share. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. As a group, analysts predict that Dollar Tree, Inc. will post 6.63 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Robert Aflatooni sold 827 shares of the company’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $105.58, for a total transaction of $87,314.66. Following the completion of the transaction, the insider now directly owns 9,725 shares of the company’s stock, valued at $1,026,765.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 6.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on DLTR shares. Truist Financial decreased their target price on Dollar Tree from $147.00 to $140.00 and set a “buy” rating on the stock in a research note on Thursday, June 6th. Piper Sandler cut shares of Dollar Tree from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $143.00 to $112.00 in a research report on Tuesday, July 16th. BMO Capital Markets dropped their target price on shares of Dollar Tree from $150.00 to $145.00 and set an “outperform” rating for the company in a research report on Thursday, June 6th. Citigroup lowered shares of Dollar Tree from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $163.00 to $120.00 in a report on Thursday, June 6th. Finally, Telsey Advisory Group lowered their price objective on shares of Dollar Tree from $160.00 to $155.00 and set an “outperform” rating on the stock in a research report on Thursday, June 6th. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $141.17.

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.