Dollar Tree, Inc. (NASDAQ:DLTR) Stock Position Cut by Mondrian Investment Partners LTD

Mondrian Investment Partners LTD cut its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 3.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,065,779 shares of the company’s stock after selling 35,178 shares during the quarter. Mondrian Investment Partners LTD owned 0.50% of Dollar Tree worth $111,203,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of DLTR. Mount Yale Investment Advisors LLC boosted its stake in shares of Dollar Tree by 4.9% during the 1st quarter. Mount Yale Investment Advisors LLC now owns 1,985 shares of the company’s stock worth $264,000 after acquiring an additional 93 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Dollar Tree by 4.0% in the first quarter. GAMMA Investing LLC now owns 2,515 shares of the company’s stock worth $335,000 after buying an additional 96 shares during the period. Salomon & Ludwin LLC increased its position in shares of Dollar Tree by 27.0% in the first quarter. Salomon & Ludwin LLC now owns 494 shares of the company’s stock worth $66,000 after acquiring an additional 105 shares in the last quarter. Fiduciary Trust Co raised its holdings in shares of Dollar Tree by 1.0% during the fourth quarter. Fiduciary Trust Co now owns 10,997 shares of the company’s stock valued at $1,562,000 after acquiring an additional 109 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Dollar Tree by 29.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 486 shares of the company’s stock valued at $65,000 after acquiring an additional 110 shares in the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DLTR has been the subject of a number of research analyst reports. Morgan Stanley reduced their target price on Dollar Tree from $130.00 to $80.00 and set an “equal weight” rating for the company in a report on Thursday, September 5th. BMO Capital Markets downgraded Dollar Tree from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $130.00 to $68.00 in a report on Thursday, September 5th. StockNews.com cut shares of Dollar Tree from a “hold” rating to a “sell” rating in a report on Friday, September 6th. Citigroup dropped their price objective on shares of Dollar Tree from $120.00 to $64.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. Finally, Truist Financial cut their target price on shares of Dollar Tree from $140.00 to $79.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $92.53.

Dollar Tree Price Performance

Shares of DLTR stock opened at $73.50 on Wednesday. The company has a market capitalization of $15.80 billion, a P/E ratio of -16.01, a P/E/G ratio of 2.82 and a beta of 0.87. The company has a current ratio of 1.02, a quick ratio of 0.17 and a debt-to-equity ratio of 0.33. Dollar Tree, Inc. has a 12 month low of $60.81 and a 12 month high of $151.21. The stock has a 50 day moving average of $92.62 and a two-hundred day moving average of $110.89.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Wednesday, September 4th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $7.49 billion. During the same quarter in the prior year, the company earned $0.91 earnings per share. The business’s revenue was up .7% compared to the same quarter last year. As a group, equities analysts expect that Dollar Tree, Inc. will post 5.33 EPS for the current year.

Insider Transactions at Dollar Tree

In other Dollar Tree news, Director Daniel J. Heinrich acquired 2,200 shares of Dollar Tree stock in a transaction on Friday, September 6th. The shares were bought at an average price of $68.27 per share, with a total value of $150,194.00. Following the completion of the purchase, the director now owns 9,823 shares in the company, valued at $670,616.21. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Daniel J. Heinrich purchased 2,200 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average price of $68.27 per share, for a total transaction of $150,194.00. Following the completion of the acquisition, the director now directly owns 9,823 shares in the company, valued at $670,616.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert Aflatooni sold 827 shares of Dollar Tree stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $105.58, for a total transaction of $87,314.66. Following the sale, the insider now owns 9,725 shares of the company’s stock, valued at approximately $1,026,765.50. The disclosure for this sale can be found here. Company insiders own 6.80% of the company’s stock.

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.