Dollar Tree, Inc. (NASDAQ:DLTR) Shares Sold by Summit Trail Advisors LLC

Summit Trail Advisors LLC decreased its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 18.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,468 shares of the company’s stock after selling 1,975 shares during the quarter. Summit Trail Advisors LLC’s holdings in Dollar Tree were worth $596,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of DLTR. Empower Advisory Group LLC boosted its holdings in Dollar Tree by 41.3% in the 3rd quarter. Empower Advisory Group LLC now owns 659,747 shares of the company’s stock valued at $46,393,000 after purchasing an additional 192,754 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of Dollar Tree by 374.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,277 shares of the company’s stock valued at $160,000 after buying an additional 1,797 shares during the period. Equity Investment Corp lifted its holdings in Dollar Tree by 95.9% in the third quarter. Equity Investment Corp now owns 1,525,374 shares of the company’s stock valued at $107,264,000 after acquiring an additional 746,913 shares during the last quarter. Anthracite Investment Company Inc. purchased a new position in Dollar Tree in the third quarter worth approximately $2,813,000. Finally, Sanctuary Advisors LLC acquired a new stake in Dollar Tree during the second quarter worth $779,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Dollar Tree Stock Up 5.1 %

Shares of NASDAQ:DLTR opened at $69.78 on Tuesday. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week high of $151.21. The firm’s 50 day moving average price is $67.70 and its 200 day moving average price is $89.70. 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 stock has a market cap of $15.00 billion, a price-to-earnings ratio of -14.30, a price-to-earnings-growth ratio of 2.63 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Wednesday, September 4th. The company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.37). The firm had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.49 billion. Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. Dollar Tree’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.91 earnings per share. As a group, equities research analysts predict that Dollar Tree, Inc. will post 5.35 earnings per share for the current fiscal year.

Insider Transactions at Dollar Tree

In other Dollar Tree news, Director Daniel J. Heinrich bought 2,200 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were acquired at an average price of $68.27 per share, with a total value of $150,194.00. Following the transaction, the director now owns 9,823 shares of the company’s stock, valued at approximately $670,616.21. The trade was a 28.86 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 6.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. The Goldman Sachs Group lowered their price target on Dollar Tree from $145.00 to $90.00 and set a “buy” rating for the company in a report on Tuesday, September 10th. Citigroup lowered their target price on shares of Dollar Tree from $120.00 to $64.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. UBS Group dropped their price target on shares of Dollar Tree from $155.00 to $105.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Piper Sandler decreased their price objective on shares of Dollar Tree from $112.00 to $67.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. Finally, Telsey Advisory Group downgraded shares of Dollar Tree from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $95.00 to $75.00 in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and five have assigned 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 $87.95.

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.