Smithbridge Asset Management Inc. DE Sells 2,502 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Smithbridge Asset Management Inc. DE decreased its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 15.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,112 shares of the company’s stock after selling 2,502 shares during the period. Smithbridge Asset Management Inc. DE’s holdings in Dollar Tree were worth $1,507,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of DLTR. Capital International Investors boosted its stake in Dollar Tree by 30.1% in the 4th quarter. Capital International Investors now owns 10,581,632 shares of the company’s stock worth $1,503,123,000 after purchasing an additional 2,445,827 shares in the last quarter. Norges Bank bought a new position in Dollar Tree during the 4th quarter valued at about $333,373,000. FIL Ltd lifted its stake in Dollar Tree by 96.0% during the 4th quarter. FIL Ltd now owns 3,197,638 shares of the company’s stock valued at $454,224,000 after acquiring an additional 1,566,392 shares during the period. National Bank of Canada FI lifted its stake in Dollar Tree by 223.4% during the 1st quarter. National Bank of Canada FI now owns 1,414,788 shares of the company’s stock valued at $188,379,000 after acquiring an additional 977,313 shares during the period. Finally, Mizuho Markets Americas LLC bought a new position in Dollar Tree during the 1st quarter valued at about $99,862,000. Institutional investors own 97.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on DLTR. Piper Sandler lowered shares of Dollar Tree from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $143.00 to $112.00 in a research report on Tuesday, July 16th. Evercore ISI upped their price target on shares of Dollar Tree from $136.00 to $137.00 and gave the company an “in-line” rating in a research report on Thursday, June 20th. KeyCorp raised shares of Dollar Tree from a “sector weight” rating to an “overweight” rating and set a $150.00 price target for the company in a research report on Wednesday, May 1st. Truist Financial reduced their price target on shares of Dollar Tree from $147.00 to $140.00 and set a “buy” rating for the company in a research report on Thursday, June 6th. Finally, BMO Capital Markets reduced their price target 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. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $141.55.

Insider Activity

In related news, insider Robert Aflatooni sold 827 shares of the firm’s stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $105.58, for a total value of $87,314.66. Following the completion of the sale, the insider now directly owns 9,725 shares in the company, valued at $1,026,765.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 6.80% of the company’s stock.

Dollar Tree Price Performance

Shares of NASDAQ DLTR traded up $1.59 during midday trading on Friday, reaching $98.78. 1,901,420 shares of the stock traded hands, compared to its average volume of 2,741,350. 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 has a market capitalization of $21.23 billion, a PE ratio of -21.52, a P/E/G ratio of 1.07 and a beta of 0.88. Dollar Tree, Inc. has a one year low of $91.40 and a one year high of $151.21. The company’s 50 day moving average is $103.69 and its 200 day moving average is $120.42.

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

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.