Lowe Brockenbrough & Co. Inc. Sells 1,100 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Lowe Brockenbrough & Co. Inc. decreased its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 19.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 4,700 shares of the company’s stock after selling 1,100 shares during the quarter. Lowe Brockenbrough & Co. Inc.’s holdings in Dollar Tree were worth $331,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. National Bank of Canada FI raised its holdings in Dollar Tree by 223.4% in the first quarter. National Bank of Canada FI now owns 1,414,788 shares of the company’s stock worth $188,379,000 after purchasing an additional 977,313 shares during the period. Primecap Management Co. CA grew its position in shares of Dollar Tree by 50.0% in the 2nd quarter. Primecap Management Co. CA now owns 2,872,460 shares of the company’s stock valued at $306,693,000 after acquiring an additional 957,275 shares during the period. Renaissance Technologies LLC grew its position in shares of Dollar Tree by 488.4% in the 2nd quarter. Renaissance Technologies LLC now owns 1,044,595 shares of the company’s stock valued at $111,531,000 after acquiring an additional 867,054 shares during the period. Mizuho Markets Americas LLC bought a new position in shares of Dollar Tree in the 1st quarter valued at about $99,862,000. Finally, Natixis bought a new stake in shares of Dollar Tree during the 1st quarter worth about $97,439,000. Institutional investors own 97.40% of the company’s stock.

Insider Buying and Selling

In other Dollar Tree news, Director Daniel J. Heinrich bought 2,200 shares of the 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 acquisition, the director now owns 9,823 shares of the company’s stock, valued at approximately $670,616.21. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 6.80% of the stock is owned by insiders.

Dollar Tree Trading Up 3.0 %

Shares of DLTR stock opened at $66.60 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.17 and a current ratio of 1.02. Dollar Tree, Inc. has a 52-week low of $60.81 and a 52-week high of $151.21. The company has a market capitalization of $14.32 billion, a PE ratio of -13.65, a price-to-earnings-growth ratio of 2.68 and a beta of 0.87. The business’s fifty day moving average is $71.57 and its 200 day moving average is $96.20.

Dollar Tree (NASDAQ:DLTR) last released 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). The company had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.49 billion. Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. The firm’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.91 EPS. On average, equities research analysts anticipate that Dollar Tree, Inc. will post 5.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on DLTR. Redburn Atlantic raised shares of Dollar Tree to a “hold” rating in a report on Monday, September 23rd. The Goldman Sachs Group dropped 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. Melius Research initiated 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. Loop Capital cut shares of Dollar Tree from a “buy” rating to a “hold” rating and set a $65.00 price objective for the company. in a research note on Thursday, September 5th. Finally, Evercore ISI dropped their target price on shares of Dollar Tree from $105.00 to $100.00 and set an “in-line” rating for the company in a research report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Dollar Tree has a consensus rating of “Hold” and an average target price of $88.53.

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.