Dollar Tree, Inc. (NASDAQ:DLTR) Shares Sold by Stoneridge Investment Partners LLC

Stoneridge Investment Partners LLC reduced its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 1.1% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 61,672 shares of the company’s stock after selling 688 shares during the period. Dollar Tree makes up approximately 1.6% of Stoneridge Investment Partners LLC’s portfolio, making the stock its 18th biggest holding. Stoneridge Investment Partners LLC’s holdings in Dollar Tree were worth $4,337,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Mather Group LLC. grew its holdings in Dollar Tree by 198.9% during the second quarter. Mather Group LLC. now owns 281 shares of the company’s stock worth $30,000 after acquiring an additional 187 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Dollar Tree during the 2nd quarter valued at approximately $37,000. Blue Trust Inc. lifted its stake in shares of Dollar Tree by 174.5% in the 2nd quarter. Blue Trust Inc. now owns 431 shares of the company’s stock valued at $46,000 after purchasing an additional 274 shares during the period. Eastern Bank purchased a new stake in Dollar Tree during the third quarter worth $34,000. Finally, EverSource Wealth Advisors LLC grew its position in Dollar Tree by 29.3% during the first quarter. EverSource Wealth Advisors LLC now owns 486 shares of the company’s stock valued at $65,000 after buying an additional 110 shares during the period. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Dollar Tree Trading Up 0.3 %

Shares of DLTR stock opened at $66.81 on Tuesday. Dollar Tree, Inc. has a twelve month low of $60.81 and a twelve month high of $151.21. The stock has a market cap of $14.36 billion, a price-to-earnings ratio of -13.69, a PEG ratio of 2.82 and a beta of 0.87. The company’s 50-day moving average price is $70.97 and its 200-day moving average price is $95.62. 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 (NASDAQ:DLTR) last announced its quarterly earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share (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 firm 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 business earned $0.91 EPS. The firm’s quarterly revenue was up .7% on a year-over-year basis. As a group, equities analysts predict that Dollar Tree, Inc. will post 5.33 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on DLTR shares. Wells Fargo & Company lowered their target price on shares of Dollar Tree from $130.00 to $100.00 and set an “overweight” rating on the stock in a research note on Thursday, September 5th. Redburn Atlantic raised Dollar Tree to a “hold” rating in a report on Monday, September 23rd. Barclays cut their price objective on Dollar Tree from $128.00 to $81.00 and set an “equal weight” rating for the company in a research report on Thursday, September 5th. JPMorgan Chase & Co. cut shares of Dollar Tree from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $111.00 to $70.00 in a research note on Wednesday, September 4th. Finally, Guggenheim reduced their price objective on shares of Dollar Tree from $150.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, September 6th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $87.47.

Insider Buying and Selling at Dollar Tree

In related news, Director Daniel J. Heinrich purchased 2,200 shares of the company’s stock in a transaction on Friday, September 6th. The stock was acquired at an average cost of $68.27 per share, for a total transaction of $150,194.00. Following the completion of the transaction, the director now directly owns 9,823 shares in the company, valued at approximately $670,616.21. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 6.80% of the stock is currently owned by corporate insiders.

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.