STF Management LP Sells 282 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

STF Management LP cut its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 8.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,130 shares of the company’s stock after selling 282 shares during the period. STF Management LP’s holdings in Dollar Tree were worth $220,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Empower Advisory Group LLC raised its position in Dollar Tree by 41.3% during 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 in the last quarter. Farther Finance Advisors LLC raised its position in shares of Dollar Tree by 374.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,277 shares of the company’s stock worth $160,000 after acquiring an additional 1,797 shares in the last quarter. Equity Investment Corp raised its position in shares of Dollar Tree by 95.9% in the 3rd quarter. Equity Investment Corp now owns 1,525,374 shares of the company’s stock worth $107,264,000 after acquiring an additional 746,913 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of Dollar Tree in the 2nd quarter worth $779,000. Finally, Anthracite Investment Company Inc. bought a new position in shares of Dollar Tree in the 3rd quarter worth $2,813,000. 97.40% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Dollar Tree news, Director Daniel J. Heinrich purchased 2,200 shares of Dollar Tree stock in a transaction that occurred on Friday, September 6th. The stock was bought at an average price of $68.27 per share, with a total value of $150,194.00. Following the acquisition, the director now owns 9,823 shares of the company’s stock, valued at $670,616.21. This trade represents a 28.86 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 6.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on DLTR. KeyCorp lowered Dollar Tree from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 7th. BMO Capital Markets reduced their price target on Dollar Tree from $68.00 to $65.00 and set a “market perform” rating for the company in a research report on Monday. Wells Fargo & Company dropped their target price on Dollar Tree from $130.00 to $100.00 and set an “overweight” rating on the stock in a research note on Thursday, September 5th. Guggenheim dropped their target price on Dollar Tree from $150.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, September 6th. Finally, UBS Group dropped their target price on Dollar Tree from $155.00 to $105.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. One 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $87.95.

Dollar Tree Stock Up 4.1 %

Shares of DLTR opened at $65.75 on Friday. Dollar Tree, Inc. has a 52 week low of $60.49 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 company has a market capitalization of $14.14 billion, a price-to-earnings ratio of -13.47, a PEG ratio of 2.57 and a beta of 0.87. The stock’s 50-day moving average price is $67.81 and its 200-day moving average price is $90.85.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Wednesday, September 4th. The company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $7.49 billion. During the same quarter in the previous year, the company earned $0.91 EPS. The firm’s quarterly revenue was up .7% compared to the same quarter last year. On average, sell-side analysts predict that Dollar Tree, Inc. will post 5.35 EPS for the current year.

About Dollar Tree

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.