Farther Finance Advisors LLC Boosts Stock Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Farther Finance Advisors LLC grew its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 374.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,277 shares of the company’s stock after purchasing an additional 1,797 shares during the period. Farther Finance Advisors LLC’s holdings in Dollar Tree were worth $160,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Envestnet Portfolio Solutions Inc. raised its stake in shares of Dollar Tree by 4.6% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 5,410 shares of the company’s stock valued at $720,000 after acquiring an additional 239 shares in the last quarter. Empowered Funds LLC raised its position in Dollar Tree by 31.1% during the 1st quarter. Empowered Funds LLC now owns 2,750 shares of the company’s stock valued at $366,000 after purchasing an additional 653 shares in the last quarter. Forsta AP Fonden lifted its holdings in shares of Dollar Tree by 12.2% in the 1st quarter. Forsta AP Fonden now owns 40,400 shares of the company’s stock worth $5,379,000 after buying an additional 4,400 shares during the period. Atomi Financial Group Inc. bought a new position in shares of Dollar Tree during the 1st quarter worth $413,000. Finally, Meeder Asset Management Inc. purchased a new position in shares of Dollar Tree during the first quarter valued at $663,000. 97.40% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on DLTR. Barclays lowered their price objective on shares of Dollar Tree from $128.00 to $81.00 and set an “equal weight” rating for the company in a research note on Thursday, September 5th. UBS Group dropped their price objective on shares of Dollar Tree from $155.00 to $105.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Melius Research assumed coverage on shares of Dollar Tree in a research note on Monday, September 23rd. They issued a “hold” rating and a $70.00 price objective for the company. BMO Capital Markets lowered Dollar Tree from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $130.00 to $68.00 in a report on Thursday, September 5th. Finally, KeyCorp downgraded Dollar Tree from an “overweight” rating to a “sector weight” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $88.11.

Insider Buying and Selling at Dollar Tree

In other news, Director Daniel J. Heinrich acquired 2,200 shares of Dollar Tree stock in a transaction dated Friday, September 6th. The stock was purchased at an average cost of $68.27 per share, for a total transaction of $150,194.00. Following the completion of the purchase, the director now directly owns 9,823 shares in the company, valued at $670,616.21. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 6.80% of the company’s stock.

Dollar Tree Stock Down 3.4 %

DLTR stock opened at $61.41 on Monday. The stock has a market capitalization of $13.20 billion, a PE ratio of -12.58, a price-to-earnings-growth ratio of 2.65 and a beta of 0.87. Dollar Tree, Inc. has a 52 week low of $60.52 and a 52 week high of $151.21. The company has a quick ratio of 0.17, a current ratio of 1.02 and a debt-to-equity ratio of 0.33. The firm has a 50 day moving average of $68.87 and a 200 day moving average of $94.17.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Wednesday, September 4th. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.37). Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. The company had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.49 billion. During the same quarter in the previous year, the firm posted $0.91 earnings per share. The company’s quarterly revenue was up .7% on a year-over-year basis. Sell-side analysts forecast that Dollar Tree, Inc. will post 5.32 earnings per share for the current year.

Dollar Tree 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.