Dollar Tree, Inc. (NASDAQ:DLTR) Shares Sold by Swedbank AB

Swedbank AB lowered its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 1.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 106,661 shares of the company’s stock after selling 1,452 shares during the period. Swedbank AB’s holdings in Dollar Tree were worth $7,500,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Primecap Management Co. CA boosted its stake in shares of Dollar Tree by 50.0% during the 2nd quarter. Primecap Management Co. CA now owns 2,872,460 shares of the company’s stock worth $306,693,000 after acquiring an additional 957,275 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Dollar Tree by 488.4% during the 2nd quarter. Renaissance Technologies LLC now owns 1,044,595 shares of the company’s stock worth $111,531,000 after buying an additional 867,054 shares during the period. Equity Investment Corp lifted its stake in Dollar Tree by 95.9% during the third quarter. Equity Investment Corp now owns 1,525,374 shares of the company’s stock valued at $107,264,000 after buying an additional 746,913 shares in the last quarter. Point72 Asset Management L.P. boosted its holdings in shares of Dollar Tree by 165.4% in the second quarter. Point72 Asset Management L.P. now owns 1,028,411 shares of the company’s stock worth $109,803,000 after buying an additional 640,848 shares during the period. Finally, Canoe Financial LP purchased a new position in shares of Dollar Tree in the third quarter worth approximately $46,576,000. Institutional investors own 97.40% of the company’s stock.

Insider Buying and Selling at Dollar Tree

In other Dollar Tree news, Director Daniel J. Heinrich purchased 2,200 shares of the company’s stock in a transaction on Friday, September 6th. The shares were bought at an average cost of $68.27 per share, with a total value of $150,194.00. Following the transaction, the director now directly owns 9,823 shares in the company, valued at approximately $670,616.21. This represents a 28.86 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 6.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. The Goldman Sachs Group decreased their price objective on shares of Dollar Tree from $145.00 to $90.00 and set a “buy” rating for the company in a research note on Tuesday, September 10th. Evercore ISI lowered their price target on Dollar Tree from $105.00 to $100.00 and set an “in-line” rating on the stock in a report on Tuesday, October 22nd. Truist Financial dropped their price target on Dollar Tree from $140.00 to $79.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Sanford C. Bernstein initiated coverage on Dollar Tree in a research report on Tuesday, October 22nd. They set a “market perform” rating and a $76.00 price objective for the company. Finally, Citigroup dropped their target price on Dollar Tree from $120.00 to $64.00 and set a “neutral” rating on the stock in a report 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 company. According to MarketBeat.com, Dollar Tree has an average rating of “Hold” and a consensus target price of $87.95.

Dollar Tree Stock Down 0.9 %

Shares of DLTR stock opened at $69.12 on Wednesday. The stock’s 50 day simple moving average is $67.62 and its 200 day simple moving average is $89.33. Dollar Tree, Inc. has a twelve month low of $60.49 and a twelve month high of $151.21. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.17 and a current ratio of 1.02. The company has a market capitalization of $14.86 billion, a price-to-earnings ratio of -14.16, a PEG ratio of 2.63 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR) last issued 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). Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. The firm had revenue of $7.37 billion during 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. Dollar Tree’s quarterly revenue was up .7% compared to the same quarter last year. As a group, research analysts predict that Dollar Tree, Inc. will post 5.35 EPS 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.